Financial Performance - GEG's Q1 Net Revenue reached $11.2 billion, a 6% increase year-on-year but a 1% decrease quarter-on-quarter[3] - Adjusted EBITDA for Q1 was $3.3 billion, up 16% year-on-year and 2% quarter-on-quarter[3] - Galaxy Macau's Q1 Net Revenue was $9.1 billion, up 10% year-on-year, while Adjusted EBITDA was $3.0 billion, up 15% year-on-year[16] - StarWorld Macau's Q1 Net Revenue was $1.2 billion, down 9% year-on-year, and Adjusted EBITDA was $350 million, down 20% year-on-year[19] Balance Sheet and Dividends - The Group's cash and liquid investments increased to $33.0 billion, with a net position of $29.0 billion after deducting debt of $4.0 billion[6] - A final dividend of $0.50 per share was recommended, payable in June 2025[6] Operational Highlights - Galaxy Macau experienced a 64% year-on-year increase in foot traffic, attributed to diverse non-gaming amenities and entertainment offerings[7] - Hotel occupancy for Q1 across Galaxy Macau's seven hotels was 99%[16] - Hotel occupancy for Q1 at StarWorld Macau was 100%[19] Development and Expansion - Capella at Galaxy Macau soft launched in early May, adding a new ultra-luxury hotel brand to GEG's portfolio[11, 59] - Construction of Phase 4 is progressing, focusing on non-gaming amenities, entertainment, and family facilities, with completion scheduled for 2027[11, 65]

Core Viewpoint - President Trump praised Saudi Arabia for its efforts to diversify its economy and reduce dependence on oil [1] Group 1 - Saudi Arabia is actively working on economic diversification strategies to lessen its reliance on oil revenues [1] - The diversification efforts are part of a broader vision to transform the Saudi economy and enhance its sustainability [1]

Group 1 - The forum "China (Beijing) - Saudi Agricultural Industry and Sustainable Development Forum" attracted over 600 participants and more than 60 Saudi companies, resulting in over 70 signed projects totaling over $4 billion [1][2] - Beijing aims to create a collaborative innovation ecosystem in agriculture through policy guidance, technological breakthroughs, platform building, and international cooperation, providing a "Beijing model" for global agricultural high-quality development [1] - Saudi Arabia is diversifying its economy away from oil dependency, focusing on several key industries including agriculture, food, energy, pharmaceuticals, logistics, and high-tech sectors [2] Group 2 - The forum featured a high-level roundtable discussion that highlighted the complementary nature of Chinese and Saudi enterprises in agriculture and investment, establishing a cooperation framework based on "technology-scenario-capital-policy" [2] - A Saudi delegation visited various agricultural technology sites in Beijing, showcasing the city's business environment and laying the groundwork for practical cooperation [3] - The signed projects cover areas such as green technology application, smart equipment output, biobreeding research, and cross-border supply chains [2]