Core Viewpoint - Wynn Macau (01128) announced the granting of share options to five selected employees under its employee share ownership plan, involving a total of 971,300 ordinary shares with a par value of HKD 0.001 each, representing approximately 0.018% of the company's issued share capital as of the announcement date, pending acceptance by the selected participants [1] Group 1 - The company will grant share options to five employees as part of its employee share ownership plan [1] - A total of 971,300 ordinary shares will be issued, with each share having a par value of HKD 0.001 [1] - The shares represent about 0.018% of the company's issued share capital as of the announcement date [1]

格隆汇12月4日丨永利澳门(01128.HK)宣布，于2025年12月4日，公司根据其雇员股份拥有计划向集团的 五名雇员(「选定参与者」)授出奖励，以认购公司股本中合共971,308股每股面值0.001港元的普通股， 占本公告日期公司已发行股本约0.018%，惟须待选定参与者接纳后，方可作实。 ...

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。 認購價 （於開曼群島註冊成立之有限公司） （股份代號：1128及債務股份代號：5280、40102、40357、5754、5877） 授出購股權 根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第17.06A條，永利 澳門有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，於2025年12月4日，本 公司根據其於2023年5月25日採納的購股權計劃（「購股權計劃」）向五名獨立非執行董事 （「獲授人」）授出4,856,000份購股權（「購股權」），以認購本公司股本中合共4,856,000股每 股面值0.001港元的普通股（「股份」），惟須待獲授人接納後，方可作實。 有關所授出購股權的詳情如下： (iii) 每股股份面值0.001港元。 行使期（視乎購股權的 歸屬情況而定） ： 2026年12月4日至2035年12月3日（包括首尾兩日）。 * 僅供識別 1 授出日期 ： 202 ...

（於開曼群島註冊成立之有限公司） （股份代號：1128及債務股份代號：5280、40102、40357、5754、5877） 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。 於授出日期每股股份 ： 6.45港元 根據僱員股份擁有計劃，任何所授出獎勵的歸屬期自授 出有關獎勵之日起計不得少於12個月，惟僱員股份擁有 計劃所載的特定情況的較短歸屬期除外。雖然董事會所 釐定向各五名選定參與者所授出的首次歸屬較12個月 短，但授予各五名選定參與者的整體獎勵具有混合的歸 屬時間表，歸屬期自授出日期起至2028年或2029年。董 事會及本公司薪酬委員會認為，該等安排(a)屬適當的， 並於商業上具競爭力且合理，原因為大多數獎勵的歸屬 期較長，可確保承授人與本公司的長期利益保持一致， 並將可激勵承授人為本公司的發展作出貢獻；及(b)是僱 員股份擁有計劃條款所允許的。 授出獎勵 茲提述永利澳門有限公司（「本公司」，連同其附屬公司統稱「本集團」）於2023年5月25日 採納 ...

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11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: 永利澳門有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年12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) | 01128 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.001 HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.001 HKD | | 20,000,000 | 本 ...

Core Viewpoint - The Hong Kong gaming stocks are experiencing a rebound, with significant increases in share prices for major companies in the sector [1] Company Performance - Wynn Macau (01128.HK) has risen by 4.31%, reaching HKD 6.53 [1] - MGM China (02282.HK) has increased by 3.96%, now priced at HKD 15.74 [1] - Melco International Development (00200.HK) has seen a rise of 3.68%, trading at HKD 4.79 [1] - Galaxy Entertainment (00027.HK) has grown by 2.71%, with a current price of HKD 39.44 [1]

Group 1 - The Hong Kong gaming stocks experienced a collective decline, with specific companies like Galaxy Entertainment and Sands China seeing drops of over 5% [1][2] - The Macau government anticipates that the tourism industry will continue to develop in the next fiscal year (2026), estimating the total gaming revenue for next year to be 236 billion MOP [1] - Earlier, the government had revised its gaming revenue forecast for 2025 from 240 billion MOP down to 228 billion MOP [1] Group 2 - Morgan Stanley's report indicates that the growth rate for November may slow down to between 8% and 10% compared to October due to a more challenging base [1]

Core Viewpoint - Goldman Sachs has adjusted its EBITDA forecasts for Wynn Macau (01128) for 2025 to 2027, with a decrease of 4% to an increase of 1%, and has slightly lowered the target price from HKD 7.5 to HKD 7.4, maintaining a "Neutral" rating [1] Financial Performance - Wynn Macau's Q3 property EBITDA was USD 308 million, benefiting from an increase in VIP win rate to 4.26%, compared to 2.97% in the previous quarter [1] - If the VIP win rate is adjusted to the theoretical value of 3.4%, the property EBITDA would be USD 285 million, representing a quarter-on-quarter growth of 7% and a year-on-year growth of 9%, aligning with market expectations [1] - The market share of gaming revenue increased by 1.1 percentage points quarter-on-quarter to 13.1% [1] Management Outlook - The management of Wynn Macau remains optimistic about the prospects of the Macau gaming industry and the company's business, highlighting strong performance in the high-end market, which supported a double-digit year-on-year growth in gaming volume for October [1] - However, due to the low actual win rate in the mass market, the total gaming revenue growth for October may lag behind industry levels, with an estimated market share of approximately 12% for the month [1] Future Projections - Goldman Sachs assumes a market share of 12.6% for Wynn Macau, and anticipates additional costs due to more events being held at the end of the year, projecting Q4 property EBITDA to be USD 280 million and total property EBITDA for the year to be USD 1.1 billion [1] - The expected decline in market share for October and higher costs in Q4 are likely to limit EBITDA and stock price upside potential [1]

Core Viewpoint - Goldman Sachs reports that Wynn Macau's Q3 property EBITDA is $308 million, benefiting from an increase in VIP win rate to 4.26% compared to 2.97% in the previous quarter [1] Group 1: Financial Performance - The adjusted property EBITDA, assuming a theoretical VIP win rate of 3.4%, would be $285 million, reflecting a quarterly growth of 7% and an annual growth of 9%, aligning with market expectations [1] - The market share of gaming revenue increased by 1.1 percentage points to 13.1% quarter-over-quarter [1] Group 2: Management Outlook - Management remains optimistic about the Macau gaming industry and the company's business prospects, highlighting strong performance in the high-end market, which supports a double-digit year-on-year growth in gaming volume for October [1] Group 3: Future Projections - Goldman Sachs assumes a market share of 12.6% and anticipates additional costs due to more events at year-end, projecting Q4 property EBITDA to be $280 million, with an annual EBITDA forecast of $1.1 billion [1] - The firm has adjusted EBITDA forecasts for 2025 to 2027 down by 4% to an increase of 1%, with a slight decrease in target price from HKD 7.5 to HKD 7.4, maintaining a "Neutral" rating due to expected market share decline in October and higher costs in Q4 limiting EBITDA and stock price upside [1]

Core Viewpoint - The report from CICC indicates that the performance of Wynn Macau (01128) is primarily attributed to a low base effect, with the market share of total gaming revenue increasing from 11.8% in Q2 2025 to 13% in Q3 2025 [1] Financial Performance - Wynn Macau reported a net income of $1.001 billion for Q3 2025, representing a 15% increase year-on-year and a 13% increase quarter-on-quarter, recovering to 93% of the level seen in Q3 2019 [1] - Adjusted property EBITDA reached $308 million, up 17% year-on-year and 22% quarter-on-quarter, recovering to 102% of the Q3 2019 level, slightly exceeding market expectations of $301 million [1] Valuation and Ratings - CICC maintains its forecast for adjusted EBITDA for 2025 and 2026, with the stock currently trading at a 2026 expected EV/EBITDA multiple of 7.6 times [1] - The target price has been raised by 4% to HKD 7.9, implying a 2025 expected EV/EBITDA of 8.4 times, with a rating of "outperform" relative to the industry [1]