Group 1 - The core viewpoint of the article indicates a general decline in gaming stocks, with specific companies experiencing notable drops in share prices [1] - According to HSBC Global Research, Macau's total gaming revenue (GGR) for the first 12 days of October was 9.65 billion MOP, with an average daily revenue of 593 million MOP in the second week, reflecting a year-on-year decline of 8% and a week-on-week decline of 46%, which is higher than the historical average decline of 39% [1] - Citigroup has revised its forecast for October's total gaming revenue down from 23 billion MOP to 22 billion MOP, which is approximately 83% of October 2019 levels and represents a year-on-year increase of 6% [1] Group 2 - The slowdown in overall gaming revenue growth in Macau suggests limited short-term upside potential for gaming stocks, despite potential support from a low base in December for Q4 revenue growth [1] - Specific declines in stock prices include Melco International Development down 3.21% to 4.53 HKD, Suncity Group Holdings down 2.56% to 0.76 HKD, Sands China down 1.65% to 17.93 HKD, and Wynn Macau down 1.56% to 6.3 HKD [1]

Core Viewpoint - The gaming stocks in Macau are experiencing a decline, with significant drops in share prices for major companies, attributed to a slowdown in gaming revenue growth [1] Group 1: Stock Performance - New World Development (00200) decreased by 3.21%, trading at HKD 4.53 [1] - Suncity Group Holdings (01180) fell by 2.56%, trading at HKD 0.76 [1] - Sands China (01928) dropped by 1.65%, trading at HKD 17.93 [1] - Wynn Macau (01128) declined by 1.56%, trading at HKD 6.3 [1] Group 2: Revenue Insights - The total gaming revenue (GGR) for Macau in the first 12 days of October was MOP 9.65 billion, with an average daily revenue of MOP 593 million for the second week of October [1] - Year-on-year, the daily revenue decreased by 8%, and week-on-week, it fell by 46%, which is slightly above the historical average decline of 39% [1] Group 3: Future Projections - HSBC Global Research suggests that despite a low base in December, the short-term upside for gaming stocks is limited due to the slowdown in total gaming revenue growth [1] - Citigroup revised its estimate for total gaming revenue in October from MOP 23 billion to MOP 22 billion, which is approximately 83% of the revenue from October 2019, reflecting a year-on-year increase of 6% [1]

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9月30日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | 滙彩控股有限公司 | | | | | | 呈交日期: | 2025年10月2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) | 01180 | 說明 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000,000 | HKD | 0.001 | HKD | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | ...

Group 1 - The core viewpoint of the article highlights a positive outlook for Macau's gaming stocks, driven by an expected increase in tourist arrivals during the upcoming National Day holiday, with daily visitor numbers projected to reach 150,000 [1] - The Macau tourism director expressed optimism regarding hotel occupancy rates during the holiday period, indicating a favorable environment for the gaming industry [1] - Analysts emphasize that the volume of tourists is a critical driver for Macau's gaming sector, predicting that the anticipated daily visitor flow will significantly boost casino traffic and revenue, particularly from mass market gaming [1] Group 2 - Key gaming stocks such as Wynn Macau, Melco International Development, and Sands China have shown notable price increases, with Wynn Macau rising by 4.6% and Sands China by 3.58% [1] - The article suggests focusing on leading companies with balanced business layouts and strong non-gaming capabilities, such as Sands China, Galaxy Entertainment, and Melco International Development, for potential investment opportunities [1] - There is a cautionary note regarding the need to monitor the sustainability of consumer recovery and changes in the competitive landscape of the industry in the medium to long term [1]

於本公司網站刊發公司通訊的通知 PARADISE ENTERTAINMENT LIMITED 滙彩控股有限公司* （於百慕達註冊成立之有限公司） （股份代號：1180） 致本公司的非註冊股東(1)： • 2025中期報告 請於本公司網站內的「投資者關係」一欄內按「財務報告」以閱覽本次公司通訊。本次公司通訊亦已載於「披露易」 網站www.hkexnews.hk。如 閣下早前已要求接收公司通訊之印刷本，則隨函附上本次公司通訊之印刷本。 為了可透過電郵進行電子通訊，本公司建議非註冊股東向代 閣下持有股份的銀行、經紀、託管人或代理人（統 稱「中介機構」）提供有效的電郵地址，以便可透過電郵向 閣下發送有關所有日後公司通訊的網站版本的通知信 函。 倘 閣下擬收取本次公司通訊之印刷本及╱或日後公司通訊之印刷本，請填妥隨附之非註冊股東申請表格（「申請 表格」），然後簽署及以郵寄方式交回本公司的香港股份登記分處（「香港股份登記分處」）卓佳證券登記有限公司 （地址為香港夏慤道16號遠東金融中心17樓）（申請表格下方附有已預付郵費的郵寄標籤）或電郵方式發送至 is-ecom@vistra.com。在收到 閣下之要求後，本公司將免費 ...

PARADISE ENTERTAINMENT LIMITED 滙彩控股有限公司* （於百慕達註冊成立之有限公司） （股份代號：1180） 各位註冊股東： 於本公司網站刊登公司通訊之通知 謹此通知 閣下，滙彩控股有限公司（「本公司」）之下述公司通訊附註（「本次公司通訊」）之英文及中文版本，現已 於本公司網站www.hk1180.com及香港聯合交易所有限公司（「聯交所」）網站www.hkexnews.hk刊載；或本次公司 通訊之印刷本已隨件附上（如適用）： • 2025中期報告 請於本公司網站內的「投資者關係」一欄內按「財務報告」以閱覽本次公司通訊（「網站版本」）。本次公司通訊亦已 載於「披露易」網站www.hkexnews.hk。 倘 閣下因任何原因於瀏覽本公司網站刊載的本次公司通訊時出現任何困難，本公司在接獲 閣下要求後，將儘 快免費發送本次公司通訊的印刷本予 閣下。請於附奉之變更申請表格（「變更申請表格」）甲部適當空格內劃上 「✓」號。倘 閣下欲更改所有本公司日後公司通訊之收取方式之選擇，請於附奉之變更申請表格乙部適當空格內 劃上「✓」號。於填妥後，請簽署及以郵寄方式交回本公司的香港股份登記分處（「香港股 ...

2025 中期報告 2025 INTERIM REPORT (Incorporated in Bermuda with limited liability) (Stock Code : 1180) INTERIM REPORT 2025 中期報告 目 錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 管理層討論及分析 | 3 | | 企業管治及其他資料 | 14 | | 簡明綜合財務報表審閱報告 | 19 | | 簡明綜合損益表 | 20 | | 簡明綜合損益及其他全面收益表 | 21 | | 簡明綜合財務狀況表 | 22 | | 簡明綜合權益變動表 | 24 | | 簡明綜合現金流量表 | 25 | | 簡明綜合財務報表附註 | 26 | | 釋義 | 43 | 公司資料 註冊成立地點 百慕達 董事會 執行董事 陳捷博士（主席兼董事總經理） （亦為單世勇先生的替任董事） 單世勇先生 張建軍先生 （於二零二五年三月二十七日辭任） 獨立非執行董事 李宗揚先生 鄧喬心女士 廖家瑩博士 審核委員會 李宗揚先生 （主席） 鄧喬心女士 廖家瑩博士 薪酬委員會 李宗揚先生 （主席） 陳捷博士 ...

Core Viewpoint - The report from CICC gives a "Outperform" rating to Huicai Holdings (01180) with a target price of HKD 1.3, highlighting the company's strong position in the multi-live game (LMG) terminal sales to Macau gaming operators [1] Group 1 - CICC visited Huicai Holdings' R&D center in Zhuhai on September 23, indicating a proactive approach in understanding the company's operations [1] - The company maintains a solid advantage in selling LMG terminals to Macau gaming operators, with new potential suppliers unlikely to significantly erode its market share starting from Q4 2026 [1] - Huicai Holdings is making progress in game development, showing promising early signs, although it requires time to fully catch up [1]

Core Viewpoint - Credit Lyonnais has issued a report rating Huicai Holdings (01180) as "Outperform" with a target price of HKD 1.3 [1] Group 1: Company Insights - The report highlights that Credit Lyonnais visited Huicai Holdings' R&D center in Zhuhai on September 23 [1] - The company maintains a strong advantage in selling Multi-Player Live Game (LMG) terminals to Macau gaming operators [1] - From Q4 2026 onwards, new potential suppliers are unlikely to significantly erode Huicai's market share [1] Group 2: Development and Future Outlook - Huicai Holdings is making progress in game development, showing promising early signs [1] - However, the company requires time to fully catch up in this area [1]

Group 1 - The core viewpoint of the article highlights the strong performance of Macau gaming stocks, driven by various factors including events, wealth effects from the stock market, relaxed visa policies, and ongoing security concerns in Thailand and the Philippines, leading to increased mainland tourist visits to Hong Kong and Macau [1] - According to Goldman Sachs, the gaming companies in Macau expect strong demand during the upcoming Golden Week, supported by nearly full hotel bookings and positive customer communications, with the National Games not significantly impacting gaming revenue [1] - The overall industry anticipates sustained strong growth momentum for the remainder of the year, with Goldman Sachs projecting a 9% year-on-year increase in Macau's total gaming revenue (GGR) for 2025, translating to a 14% year-on-year growth from September to December this year, and a 7% growth in 2026 [1] Group 2 - Specific stock performances include Wynn Macau rising nearly 3%, Galaxy Entertainment up 2%, Melco International Development increasing by 1.5%, Sands China and Suncity Group both gaining over 1%, and MGM China following suit [1] - The latest stock prices and changes are as follows: Wynn Macau at 6.830 (+2.71%), Galaxy Entertainment at 41.540 (+1.96%), Melco International Development at 5.380 (+1.51%), Sands China at 20.600 (+1.28%), Suncity Group at 0.890 (+1.14%), and MGM China at 15.610 (+0.13%) [1]