Group 1 - The gaming stocks experienced a collective rise in the morning session, with notable increases in share prices [1][3] - New World Development (00200) saw a significant increase of 6.15%, reaching HKD 4.83 [1][3] - MGM China (02282) rose by 2.89%, trading at HKD 13.52 [1][3] - Sands China (01928) increased by 2.71%, with a price of HKD 18.58 [1][3] - Galaxy Entertainment (00027) gained 2.20%, priced at HKD 43.60 [1][3]

Group 1 - The gaming stocks continued to rise, with New World Development (00200.HK) increasing by 5.93% to HKD 4.82 [1] - Sands China (01928.HK) saw a rise of 3.54%, reaching HKD 18.73 [1] - Galaxy Entertainment (00027.HK) increased by 2.58%, trading at HKD 43.76 [1] - MGM China (02282.HK) rose by 2.13%, with a price of HKD 13.42 [1]

Group 1 - The core viewpoint of the article highlights the positive performance of gaming stocks in Macau, driven by strong growth in gaming revenue and high hotel occupancy rates during the upcoming Chinese New Year holiday [1] Group 2 - According to the Macau Gaming Inspection and Coordination Bureau, the gross gaming revenue for January reached 22.633 billion MOP, representing a year-on-year increase of 24.0% [1] - Hotel operators in Macau report that hotel booking rates and travel agency orders are rising, with expectations that hotel occupancy during the Chinese New Year will exceed 90% [1] - Morgan Stanley's report indicates that the average daily gaming revenue during the first five days of last year's Golden Week was approximately 1.1 billion MOP, and anticipates that this year's Lunar New Year gaming revenue will be comparable or even stronger due to high occupancy rates and a 25% increase in average daily room rates (ADR) [1] - The firm expects a 13% year-on-year growth in total gaming revenue for February, supported by sustained demand post-holiday, and projects a 16% year-on-year increase in industry EBITDA for the first quarter of this year, leading to upward revisions in earnings forecasts [1]

Group 1 - Hong Kong gaming stocks experienced a collective surge, with New Macau International Development rising over 6% [1] - Sands China increased by 4%, while Galaxy Entertainment and Wynn Macau both saw a rise of 2.5% [1] - A notable increase was observed in the stocks of Australian Gaming Holdings and MGM China, which both surged by 25% [1]

Core Viewpoint - The Macau gaming stocks experienced a collective rise, with significant increases in share prices, driven by positive forecasts for the upcoming Lunar New Year holiday gaming revenue [1] Group 1: Stock Performance - Melco International Development saw a rise of over 6% [2] - Sands China increased by 4% [2] - Galaxy Entertainment and Wynn Macau both rose by 2.5% [2] - SJM Holdings and MGM China both experienced a 2% increase [2] Group 2: Market Insights - Morgan Stanley's research report indicated that the average daily gaming revenue in Macau during the first five days of last year's Golden Week was approximately 1.1 billion MOP [1] - The hotel occupancy rate during this year's Lunar New Year is expected to be similar to last year, with average daily room rates (ADR) up by about 25% [1] - The forecast for gaming revenue during this year's Lunar New Year holiday is expected to match or exceed last year's Golden Week figures [1] - The firm anticipates a 13% year-on-year growth in total gaming revenue for February [1] - EBITDA for the industry is projected to grow by 16% year-on-year in the first quarter of this year, leading to upward revisions in profit forecasts [1] Group 3: Hotel Industry Outlook - Macau hotel operators report a continuous increase in hotel booking rates and travel agency orders for the Spring Festival period [1] - Hotel occupancy rates during the Spring Festival are expected to exceed 90%, indicating a peak in Macau's tourism market [1]

FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 不適用 於香港聯交所上市 (註1) 是 證券代號 (如上市) 00027 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 4,379,240,712 0 4,379,240,712 增加 / 減少 (-) 0 0 本月底結存 4,379,240,712 0 4,379,240,712 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年1月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 銀河娛樂集團有限公司 | | | 呈交日期: | 2026年2月5日 | | | I. 法定/註冊股本變動 不適用 | | | | 備註： | | | | 銀河娛樂集團有限公司並無法定股本，及其股本並無股份面值。 | | | FF301 第 1 頁 共 10 頁 v 1.2.0 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32 ...

Core Viewpoint - The Macau gaming stocks have risen significantly, driven by positive revenue data and expectations for continued growth in the coming months [1] Group 1: Stock Performance - New World Development (00200) increased by 6.32%, reaching HKD 4.54 [1] - Wynn Macau (01128) rose by 4.28%, reaching HKD 6.09 [1] - Galaxy Entertainment (00027) saw a rise of 4.11%, reaching HKD 42.08 [1] - MGM China (02282) increased by 1.26%, reaching HKD 12.85 [1] Group 2: Revenue Data - The Macau Gaming Inspection and Coordination Bureau reported a gross gaming revenue of MOP 22.633 billion in January, representing a year-on-year increase of 24% and a month-on-month increase of 8.4% [1] - Morgan Stanley's report indicated that January's total gaming revenue in Macau exceeded market expectations [1] - Due to the Lunar New Year holiday falling entirely in February, additional growth is anticipated, with an estimated revenue increase of 22% year-on-year for that month [1] Group 3: Future Projections - CICC forecasts that the total gaming revenue for February 2026 will range between MOP 21-22.4 billion, with a daily average revenue of MOP 750-800 million [1]

Group 1 - The core viewpoint of the report indicates that the total gaming revenue in Macau is expected to range between 21-22.4 billion MOP in February 2026, with daily average revenue projected at 750-800 million MOP, reflecting a year-on-year growth of 6-13%, but a decline of 12-17% compared to February 2019 [1] - In January 2026, Macau recorded a total gaming revenue (GGR) of 22.6 billion MOP, representing a year-on-year increase of 24.0% and a month-on-month increase of 8.4%, surpassing the consensus expectation of 18.5% growth [1] - The daily average revenue (ADR) for January 2026 was 730 million MOP, which is a 24.0% year-on-year increase and an 8.4% month-on-month increase from December 2025 [1] Group 2 - The strong performance of Macau's gaming industry in January 2026 is attributed to several factors: a longer New Year holiday compared to previous years, sustained demand on other days of the month, and diversified activities attracting visitors [2] - The estimated VIP gaming revenue in January 2026 decreased by 46-55% compared to January 2019, while mass gaming revenue increased by 27-37%, with mass revenue accounting for 70-75% of total gaming revenue [2] - In December 2025, the number of visitors to Macau increased by 17.8% year-on-year, reaching 3,580,130, which is 116.1% of the level seen in December 2019 [2]

Group 1 - The gaming stocks are rising in the morning session despite market trends, with Sands China (01928) up by 4.52% to HKD 17.80 [1][3] - MGM China (02282) increased by 1.68% to HKD 12.71 [1][3] - Galaxy Entertainment (00027) saw a rise of 1.01% to HKD 40.20 [1][3] - Melco International Development (00200) experienced a slight increase of 0.24% to HKD 4.24 [1][3]

Core Viewpoint - The Macau gaming stocks experienced an upward trend, with significant increases in share prices for major companies, driven by strong gaming revenue growth in January 2023 [1] Group 1: Market Performance - Sands China saw a rise of 5.5%, while MGM China increased by 2.56%. Other companies like Galaxy Entertainment and SJM Holdings also reported gains of 1.3% and approximately 1%, respectively [1][2] - The overall performance of Macau gaming stocks is contrary to broader market trends, indicating strong investor confidence in the sector [1] Group 2: Gaming Revenue - The Macau Gaming Inspection and Coordination Bureau reported that January's gaming revenue reached 22.633 billion MOP, marking a year-on-year increase of 24%, surpassing the expected growth of 18.5% [1] - Month-on-month, the revenue increased by 8.35%, reflecting a robust recovery in the gaming sector [1] Group 3: High-End Customer Trends - A monthly survey by Citigroup indicated that the betting volume from high-end gamblers rose by 25% year-on-year in January, attributed to effective marketing strategies [1] - Promotions included free tickets to a concert by the popular K-pop group BLACKPINK in Hong Kong and collaborations with brands like Pop Mart's Twinkle Twinkle [1] Group 4: Hotel Occupancy - UBS's recent research highlighted that among 32 tracked hotels, 27 reported fully booked rooms for the upcoming Lunar New Year holiday, indicating a stable demand compared to the same period last year [1]