Core Viewpoint - The recent closure of the Emperor Palace Casino in Macau highlights the ongoing challenges faced by the gaming industry in the region, particularly for companies like Emperor Entertainment Hotel and its affiliates, amid financial difficulties and operational changes [1][3][10]. Group 1: Casino Operations - Emperor Palace Casino ceased operations on October 30, 2023, as part of a termination agreement between its parent company, Tianhao, and Aoyou [1][3][10]. - Aoyou Holdings had previously announced on June 9, 2023, that it would stop operating gaming activities in several satellite casinos, including Emperor Palace [5]. - New Macau International Development also announced that its satellite casinos would end operations by the end of this year [6]. Group 2: Financial Performance - Emperor Entertainment Hotel reported stable income from hotel and rental apartment operations for the fiscal years ending March 31, 2024, and 2025, with cash reserves of approximately HKD 526 million and no bank borrowings [11]. - Emperor International's total revenue for the fiscal year 2024-2025 reached HKD 1.376 billion, a 41.5% increase year-on-year, but the loss increased from HKD 2.028 billion to HKD 4.84 billion, a 138% rise [14][16]. - As of March 31, 2023, Emperor International had HKD 16.6 billion in overdue bank loans, raising concerns about its ability to continue as a going concern [16]. Group 3: Debt Crisis and Asset Sales - The company is facing a significant debt crisis, with overdue loans potentially triggering immediate repayment demands [12][16]. - In response to financial pressures, Emperor Group has accelerated asset sales, including residential projects in Hong Kong and properties in Macau, totaling over HKD 2.23 billion in sales contracts [17][18]. - The company's financial troubles have roots in previous business failures, such as the closure of its cinema operations in late 2022, which led to bankruptcy due to high net liabilities [19].

Group 1 - The company, Haosai, was found guilty of corporate bribery and fined 7 million RMB, which represents 3.90% of the latest audited net profit attributable to the parent company's shareholders [1] - The former chairman and general manager, Dai Baolin, was sentenced to three years in prison (suspended for four years) and fined 3 million RMB for the same offense [1] - The total amount of illegal gains to be returned is 21,516,124.39 RMB, which will be confiscated and paid to the national treasury [1] Group 2 - The total fines and confiscated illegal gains amount to 28,516,124.39 RMB, accounting for 15.90% of the latest audited net profit attributable to the parent company's shareholders [1] - As of November 5, the company's stock price increased by 1.2%, closing at 16.87 RMB per share [4]

Core Viewpoint - The recent closure of the Emperor Palace Casino in Macau marks a significant shift in the operations of Emperor Entertainment Hotel and reflects broader challenges within the gaming industry in the region [2][4][6]. Group 1: Company Operations - Emperor Palace Casino ceased operations on October 30, 2023, at 23:59, following a termination agreement between its subsidiary, Tianhao, and AUB [4][6]. - Emperor Entertainment Hotel will continue its hotel business, including properties like the Emperor Jockey Club Hotel in Hong Kong, despite the closure of the casino [8]. - The company reported stable income from hotel and rental apartment operations for the fiscal years ending March 31, 2024, and 2025 [8]. Group 2: Financial Performance - Emperor International reported a total revenue of approximately HKD 1.375 billion for the fiscal year ending March 31, 2025, a 41.5% increase from HKD 972.55 million in the previous year [12]. - However, the company also faced significant losses, with a net loss attributable to shareholders increasing from HKD 2.091 billion to HKD 2.321 billion, marking a 10.9% increase [12]. - As of March 31, 2023, Emperor International had HKD 16.6 billion in overdue bank loans, raising concerns about its ongoing viability [12][13]. Group 3: Market Context - The Emperor Palace Casino was once a prominent player in Macau's competitive gaming market, having opened in January 2006 and generating approximately HKD 1.2 billion in revenue for the fiscal year ending March 31, 2007 [8]. - The closure of the casino is part of a broader trend, as AUB had previously announced its decision to cease operations at several satellite casinos, including the Emperor Palace [4][6]. - The financial struggles of Emperor International have led to significant stock price declines, with shares dropping over 15% following the announcement of its financial difficulties [13].

Core Viewpoint - The recent closure of the Emperor Palace Casino in Macau marks a significant shift in the local gaming landscape, with implications for the Emperor Group and its financial health [1][2][9]. Group 1: Company Operations - Emperor Palace Casino ceased operations on October 30, 2023, at 23:59, following a termination agreement between its subsidiary, Tianhao, and AUB [2][9]. - The Emperor Entertainment Hotel will continue its hotel business, including properties like the Emperor Scenic Hotel in Hong Kong, despite the casino closure [10]. - The casino was known for its lavish opening in 2006, featuring a lobby adorned with 78 kilograms of gold, and had generated approximately HKD 1.2 billion in revenue for the fiscal year ending March 31, 2007 [10]. Group 2: Financial Performance - Emperor International reported a total revenue of HKD 1.375 billion for the fiscal year ending March 31, 2025, a 41.5% increase from the previous year, but the net loss increased from HKD 20.28 billion to HKD 48.4 billion, a 138% rise [13][15]. - As of March 31, 2023, Emperor International had HKD 16.6 billion in overdue bank loans, raising concerns about its ongoing viability [15]. - The company has been actively selling assets to improve its financial situation, including properties in Hong Kong and London, with significant price reductions [16][18]. Group 3: Industry Context - The closure of the Emperor Palace Casino is part of a broader trend, as other operators like AUB and Melco International have also announced the cessation of operations at satellite casinos [5][6]. - The gaming industry in Macau is facing increased competition and regulatory scrutiny, impacting the profitability of existing casinos [10].

Core Viewpoint - The recent closure of the Emperor Palace Casino in Macau marks a significant shift in the local gaming industry, reflecting ongoing challenges faced by the Emperor Group and its subsidiaries [1][3][6]. Group 1: Company Operations - Emperor Entertainment Hotel announced the termination of its gaming operations at the Emperor Palace Casino, effective October 30, 2023, following an agreement with its subsidiary, Tianhao, and Aoyou [1][6]. - The Emperor Palace Casino, which opened on January 20, 2006, was once a prominent player in Macau's gaming sector, generating approximately HKD 1.2 billion in revenue for the fiscal year ending March 31, 2007 [9]. - Despite the closure of the casino, Emperor Entertainment Hotel plans to continue its hotel operations, maintaining stable income from its hotel and rental apartment businesses [9]. Group 2: Financial Challenges - Emperor International reported a significant increase in losses, with the loss rising from HKD 20.28 billion to HKD 48.4 billion year-on-year, marking a 138% increase [13]. - The company faces a severe debt crisis, with HKD 16.6 billion in bank loans overdue or in violation of terms, raising concerns about its ongoing viability [14]. - To address its financial situation, the Emperor Group has been actively selling properties, including residential projects in Hong Kong and properties in Macau, to improve liquidity [16][17]. Group 3: Market Impact - Following the announcement of the casino's closure and the financial difficulties faced by Emperor International, the stock prices of Emperor Group and its subsidiaries experienced a significant decline [16]. - The company's recent financial struggles can be traced back to previous operational failures, including the closure of its cinema business in 2022, which had accumulated substantial debts [17].

FF301 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: 2025年10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: Emperor Entertainment Hotel Limited 英皇娛樂酒店有限公司 (於百慕達註冊成立之有限公司) 呈交日期: 2025年11月4日 I. 法定/註冊股本變動 | 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) | 00296 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 2,000,000,000,000 | HKD | | 0.0001 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | 0 | | 本月底結存 | | 2,000,000,000,000 | HKD | ...

格隆汇10月27日丨英皇娱乐酒店(00296.HK)公布，于2025年10月27日，天豪(为公司的全资附属公司)与 澳娱双方订立终止协议，据此，该协议将自2025年10月31日(「终止日期」)起提前终止。自终止日期 起，天豪不再提供该等服务予澳娱，于澳门的英皇娱乐酒店的博彩区将终止营运。 集团早已积极规划其他娱乐及消遣设施，以提升英皇娱乐酒店的酒店服务体验，从而拓宽收入基础。集 团对澳门旅游业的前景仍保持乐观态度，并将继续提升其产品及服务以把握商机。董事会将寻求合适机 会，利用其财务资源，旨在扩大其酒店业务。倘有任何投资得以落实，公司将通知股东，并于适当时候 根据上市规则作出公告。 集团将继续从事酒店业务，包括位于香港的 (i) 英皇骏景酒店、(ii) The Unit MorrisonHill、(iii) The Unit Happy Valley 及 (iv) The Unit Soho 租赁公寓，以及位于澳门的 (v) 英皇娱乐酒店及 (vi) 盛世酒店。集团 来自酒店及租赁公寓的收入于截至2024年及2025年3月31日止的财政年度大致保持稳定。此外，于截至 2025年3月31日止，集团维持稳健的财务 ...

Core Viewpoint - Emperor Entertainment Hotel (00296) announced the termination of its agreement with 澳娱, effective October 31, 2025, leading to the cessation of gaming operations at its Macau location [1] Group 1: Business Operations - The company will continue its hotel operations, which include properties in Hong Kong such as Emperor Jockey Club Hotel, The Unit Morrison Hill, The Unit Happy Valley, and The Unit Soho, as well as Emperor Entertainment Hotel and 盛世酒店 in Macau [1] - Revenue from hotel and rental apartment operations is expected to remain stable for the fiscal years ending March 31, 2024, and March 31, 2025 [1] Group 2: Financial Position - As of March 31, 2025, the company maintains a strong financial position with bank balances and cash amounting to approximately HKD 526 million, with no bank borrowings [1] Group 3: Future Outlook - The company is actively planning additional entertainment and recreational facilities to enhance the hotel service experience and broaden its revenue base [1] - The company remains optimistic about the prospects of the Macau tourism industry and will continue to improve its products and services to seize business opportunities [1] - The board will seek suitable opportunities to utilize its financial resources to expand its hotel business [1]

集团早已积极规划其他娱乐及消遣设施，以提升英皇娱乐酒店的酒店服务体验，从而拓宽收入基础。集 团对澳门旅游业的前景仍保持乐观态度，并将继续提升其产品及服务以把握商机。董事会将寻求合适机 会，利用其财务资源，旨在扩大其酒店业务。 智通财经APP讯，英皇娱乐酒店(00296)发布公告，于 2025年10月27日(交易时段后)，天豪(为公司全资 附属公司)与澳娱双方订立终止协议，据此，该协议将自2025年10月31日起提前终止。自终止日期起， 天豪不再提供该等服务予澳娱，于澳门的英皇娱乐酒店的博彩区将终止营运。 集团将继续从事酒店业务，包括位于香港的 (i) 英皇骏景酒店、(ii) The Unit Morrison Hill、(iii) The Unit Happy Valley 及 (iv) The Unit Soho 租赁公寓，以及位于澳门的 (v) 英皇娱乐酒店及 (vi) 盛世酒店。集团 来自酒店及租赁公寓的收入于截至2024年及2025年3月 31日止的财政年度大致保持稳定。此外，于截至 2025年3月31日止，集团维持稳健的财务状况，银行结余及现金约为5.26亿港元，并无任何银行借款。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而 引致的任何損失承擔任何責任。 ( 於百慕達註冊成立之有限公司 ) (股份代號：296) 終止博彩營運 茲提述本公司日期為2022年12月30日、2023年2月21日、2024年1月25日及2025年6月9日 之公告（「該等公告」），內容有關（其中包括）根據該協議向澳娛綜合度假股份有限 公司（「澳娛」）於澳門之英皇娛樂酒店提供管理及推廣服務，該協議原定於2025年12 月31日屆滿並終止。除文義另有所指外，本公告所用詞彙與該等公告內所界定者具有相 同涵義。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及其潛在投資者，於 2025年10月27日（交易時段後），天豪（為本公司之全資附屬公司）與澳娛雙方訂立終 止協議（「終止協議」），據此，該協議將自2025年10月31日（「終止日期」）起提前 終止。自終止日期起，天豪不再提供該等服務予澳娛，於澳門的英皇娛樂酒店的博彩區 將終止營運。 本集團將繼續從事酒店業務，包括位於香港的 ...