Core Viewpoint - Kwan Cheung Holdings (03918) experienced a significant stock price increase of nearly 15%, driven by strong financial performance and positive market sentiment [1] Financial Performance - For the nine months ending September 30, 2025, the total gaming revenue reached $532 million, representing a year-on-year increase of 29.6% [1] - The net gaming revenue was $466 million, showing a year-on-year growth of 30% [1] Market Analysis - UBS's research indicates that the growth in total gaming revenue (GGR) is accelerating, supported by an increase in business travelers to Phnom Penh, Cambodia, and rising local demand [1] - Due to better-than-expected performance in the first half of the year, UBS plans to revise its total gaming revenue forecasts for 2025 to 2026 upwards by 21% to 29% [1] - Overall, the total gaming revenue is expected to grow by 32% this year and by 10% next year [1]

消息面上，金界控股发布公告称，截至2025年9月30日止9个月，博彩总收入5.32亿美元，同比增加 29.6%；博彩净收入4.66亿美元，同比增加30%。瑞银此前研报指出，受惠柬埔寨金边商务旅客数量和 本地需求增长所推动，金界控股博彩总收入(GGR)势头正在加速。该行指，由于上半年业绩高于预期， 将在2025年至2026年博彩总收入预测上调21%至29%，同时料今年和明年整体博彩总收入将分别同比增 长32%和10%。 智通财经APP获悉，金界控股(03918)高开近15%，截至发稿，涨14.85%，报6.73港元，成交额219.4万港 元。 ...

格隆汇10月2日丨金界控股(03918.HK)发布公告，截至2025年9月30日止九个月，博彩总收入达到5.32亿 美元，同比增长29.6%；博彩净收入达到4.66亿美元，同比增长30.0%。 ...

Core Points - The "Sunday Closure" policy in the Federation of Bosnia and Herzegovina has been in effect for nearly a year, leading to mixed reactions within society [1] - The government is monitoring the policy's implementation and is open to potential modifications based on feedback from stakeholders [1] Positive Aspects - Employees benefiting from the policy have more time for rest [1] - There has been a slight increase in the turnover of the trade sector since the policy was enacted [1] Negative Aspects - Employment in the trade sector has decreased, with the number of employees dropping from 62,400 in November last year to 60,500 in March this year, resulting in 2,000 job losses attributed to the policy [1] - Workers in sectors not covered by the Sunday closure, such as gas stations, gambling establishments, and bakeries, have experienced increased workloads [1] - The policy has led to overcrowding in supermarkets on Saturdays, making shopping more difficult for consumers [1] - There are currently no indications that the government will alter the Sunday closure policy, which is expected to continue [1]

Core Insights - In September, Macau's gross gaming revenue reached MOP 18.289 billion, marking a year-on-year increase of 6% [1] - For the first nine months of the year, the total gross gaming revenue in Macau amounted to MOP 181.341 billion, reflecting a year-on-year growth of 7.1% [1] Monthly Revenue Summary - January: MOP 18.254 billion in 2025, down 5.6% from 2024 [2] - February: MOP 19.744 billion in 2025, up 6.8% from 2024 [2] - March: MOP 19.659 billion in 2025, up 0.8% from 2024 [2] - April: MOP 18.858 billion in 2025, up 1.7% from 2024 [2] - May: MOP 21.193 billion in 2025, up 5.0% from 2024 [2] - June: MOP 21.064 billion in 2025, up 19.0% from 2024 [2] - July: MOP 22.125 billion in 2025, up 19.0% from 2024 [2] - August: MOP 22.156 billion in 2025, up 12.2% from 2024 [2] - September: MOP 18.289 billion in 2025, up 6.0% from 2024 [2]

Core Viewpoint - The company announced that its service agreement with 澳娱综合度假股份有限公司 will not be renewed after its expiration on December 31, 2025, and there is a possibility of early termination of the agreement depending on operational data and performance of the gaming business [1] Group 1 - The service agreement was established on December 30, 2022, and includes sales, promotion, advertising, customer development, introduction, event coordination, and other related services [1] - The board has informed shareholders and potential investors about the possibility of considering early termination of the service agreement before the expiration date [1] - Any decision regarding early termination is subject to the operational performance of the company's gaming business and approval from relevant authorities [1]

Core Viewpoint - The company announced that its service agreement with 澳娱综合度假股份有限公司 will not be renewed after its expiration on December 31, 2025, and there is a possibility of early termination of the agreement before this date, subject to operational data and regulatory approval [1] Group 1 - The service agreement was established on December 30, 2022, and includes provisions for sales, promotion, advertising, customer development, event coordination, and other related services [1] - The board has informed shareholders and potential investors about the possibility of early termination of the service agreement, contingent on the company's gaming business performance and regulatory approval [1] - As of the date of the announcement, no final decision has been made regarding the early termination of the service agreement [1]

Group 1 - The US stock market showed positive performance with the Dow Jones Industrial Average rising by 0.15%, the S&P 500 increasing by 0.26%, and the Nasdaq gaining 0.48% [3] - Chinese and Hong Kong stock markets performed well, with the Shanghai Composite Index closing at 3,862 points, up 34 points or 0.9%, and the Shenzhen Component Index rising by 2.1% to 13,479 points [4] - The Hang Seng Index opened high at 26,600 points, eventually closing at 26,622 points, up 494 points or 1.9%, supported by strong technology stocks [4][5] Group 2 - The Hang Seng Index is expected to continue testing higher levels, with technical indicators showing stability above the 20-day moving average at 26,135 points and the 10-day moving average at 26,469 points [5] - The overall trading volume in the two markets reached 2.16 billion RMB for A-shares and 309.1 billion HKD for Hong Kong stocks, indicating active market participation [4] - Notable stock performances included New Oriental rising nearly 8%, and other stocks like Zijin and Alibaba Health increasing over 5%, while Xiaomi saw a decline of over 2% [4]

博彩股延续近期涨势，截至发稿，澳博控股(00880)涨7.03%，报3.35港元；新濠国际发展(00200)涨 6.63%，报5.95港元；金沙中国(01928)涨4.81%，报22.24港元；永利澳门(01128)涨4.6%，报7.27港元。 高盛此前发布研报称，对于十一黄金周，基于酒店预订几乎"爆满"，以及与客户沟通的情况，博彩企业 普遍预期需求强劲，而全国运动会则不会对博彩收入有显著影响。中泰国际分析亦指出，若9月与国庆 期间的游客数量与赌场收入较好，对龙头博彩股将受益。 消息面上，国庆黄金周长假即将展开。澳门旅游局长文绮华受访表示，去年数据显示国庆假期日均访客 量达到十四万人次，今年估算约十五万人次，平均每日较去年多一万人次。酒店预订方面，她指从年初 到现在整体平均入住率基本接近九成，旺季八月酒店入住率甚至超过九成，故预测国庆假期入住率理 想。 ...

博彩股午后涨幅扩大，截至发稿，新濠国际发展(00200)涨5.03%，报5.64港元；银河娱乐(00027)涨 3.08%，报42.9港元；澳博控股(00880)涨2.59%，报3.17港元；美高梅中国(02282)涨1.72%，报16.01港 元。 高盛此前发布研报称，对于十一黄金周，基于酒店预订几乎"爆满"，以及与客户沟通的情况，博彩企业 普遍预期需求强劲，而全国运动会则不会对博彩收入有显著影响。中泰国际分析亦指出，若9月与国庆 期间的游客数量与赌场收入较好，对龙头博彩股将受益。 消息面上，为防范超强台风"桦加沙"，澳门特区政府于9月23日下午5时关闭赌场，至9月25日凌晨2时重 开，历时33小时。汇丰表示，赌场停业或进一步抑制国庆黄金周前的淡季需求。但分析人士表示，中秋 国庆"超级黄金周"已然临近，旅游业的强劲复苏也为博彩股带来长期信心。 ...