Core Viewpoint - The company is experiencing a significant decline in revenue and an increase in losses due to a drop in gaming-related operational income and a major impairment loss related to its assets [1] Financial Performance - For the six months ending June 30, 2025, the company's total revenue is expected to decrease by approximately 12% compared to the same period last year [1] - The anticipated loss for this period is around 1.421 billion HKD, a substantial increase from a loss of approximately 110 million HKD in the same period last year [1] Impairment Loss - The major reason for the increased loss is a significant impairment loss of approximately 1.288 billion HKD related to the company's holdings in the Macau Fisherman's Wharf, due to the non-renewal of a third-party service agreement [1] Adjusted EBITDA - Excluding the impairment loss and its tax impact, the expected loss is projected to increase by about 23 million HKD compared to the previous year, primarily due to a reduction of approximately 30 million HKD in adjusted EBITDA from gaming-related operations [1]