澳门9月博彩毛收同比升6%至183亿澳门元，低于市场预期增长9%。上月受超强台风影响令赌场临时关 闭，且出现广泛航班及列车班次取消，估算台风导致月度博彩毛收减少5%至10%，意味澳门上月博彩 毛收在没有台风影响下应录得双位数同比增长。 智通财经APP获悉，摩根大通发布研报称，在澳门博彩股偏好银河娱乐(00027)及金沙中国(01928)，均 予"增持"评级，分别予目标价24.5港元及54港元。 该行预测澳门在"十一黄金周"首五天日均博彩毛收逾11亿澳门元，对比去年10.8亿澳门元，且或可能追 上疫前水平的11.6亿澳门元。该行料今年尾端需求或较持久与强劲，推动十月第二周澳门博彩毛收日均 7.5亿至7.6亿澳门元，对比去年6.43亿澳门元。首两周澳门博彩毛收料达日均9.3亿澳门元，对比去年 8.46亿澳门元，全月博彩毛收料同比升11%至13%至逾230亿澳门元，创六年高。 ...

Core Viewpoint - The stock of Kwan Cheuk Holdings (03918) has dropped over 4% following a previous increase of over 9%, with concerns regarding the uncertainty surrounding the scale of the Naga 3 project [1] Financial Performance - Kwan Cheuk Holdings reported total gaming revenue of $532 million for the nine months ending September 30, 2025, representing a year-on-year increase of 29.6% [1] - The net gaming revenue for the same period was $466 million, reflecting a year-on-year increase of 30% [1] - In the third quarter, total gaming revenue reached $200 million, exceeding Citigroup's forecast of $152.4 million [1] Analyst Insights - Citigroup has raised its earnings forecast for Kwan Cheuk Holdings for the fiscal years 2025 to 2027 by 20% to 24% based on the company's revenue data [1] - The target price for the stock has been adjusted from HKD 4.4 to HKD 5.4, although Citigroup maintains a "sell" rating [1] - Despite strong growth in gaming revenue over the past three quarters, there are still uncertainties regarding the scale of the Naga 3 project [1]

Group 1 - The core viewpoint of the article highlights the volatility in the stock price of Goldin Financial Holdings, which dropped over 4% after a previous increase of over 9% [1] - As of the latest report, Goldin Financial Holdings' stock is trading at HKD 6.12, with a trading volume of HKD 69.27 million [1] - The company reported a total gaming revenue of USD 532 million for the nine months ending September 30, 2025, representing a year-on-year increase of 29.6% [1] Group 2 - The net gaming revenue for the same period was USD 466 million, reflecting a year-on-year increase of 30% [1] - Citigroup's research indicated that Goldin Financial's total gaming revenue for the third quarter was USD 200 million, exceeding their forecast of USD 152.4 million [1] - Based on the revenue data, Citigroup raised its earnings forecast for the fiscal years 2025 to 2027 by 20% to 24%, adjusting the target price from HKD 4.4 to HKD 5.4, while maintaining a "sell" rating [1] Group 3 - Despite the strong growth in gaming revenue over the past three quarters, there are uncertainties regarding the scale of the Naga3 project [1]

花旗指出，澳门9月博彩总收入同比增长6%至182.89亿澳门元，相当于每日平均收入6.1亿澳门元，达 2019年同期水平的83%。数字大致符合该行预期的185亿澳门元，但较市场共识的188亿澳门元低3%。 展望10月，花旗预计博彩总收入将达230亿澳门元，同比增长11%，相当于每日平均收入7.42亿澳门 元。当中，国庆黄金周8天期间的每日收入料达10.5亿澳门元，与今年五一黄金周水平相若；10月9日至 12日期间料达每日8亿澳门元，其余时间则为每日6.33亿澳门元。 智通财经APP获悉，博彩股集体走软，截至发稿，新濠国际发展(00200)跌5.1%，报5.77港元；永利澳门 (01128)跌2.68%，报6.9港元；美高梅中国(02282)跌2.22%，报16.31港元；银河娱乐(00027)跌2.05%，报 42.04港元。 消息面上，10月1日，澳门博彩监察协调局公布，9月份澳门幸运博彩毛收入为182.89亿澳门元，同比增 长6%。今年前9个月澳门博彩毛收入累计达1813.41亿澳门元，同比升7.1%。大摩发布研报称，澳门9月 博彩总收入为183亿澳门元(下同)，同比增长6%，逊于市场及该行预期的9%，主 ...

Group 1 - Morgan Stanley has issued "overweight" ratings for Sands China (01928), MGM China (02282), and Wynn Macau (01128), with target prices set at HKD 21, HKD 18, and HKD 7.8 respectively [1] - Despite facing cost pressures, the Macau gaming industry is expected to see a year-on-year EBITDA growth of over 10% in Q3 [1] - In September, Macau's total gaming revenue reached MOP 18.3 billion, reflecting a 6% year-on-year increase, which fell short of market expectations of 9% due to a 33-hour casino shutdown caused by a typhoon [1] Group 2 - The total gaming revenue for Macau in Q3 amounted to MOP 62.6 billion, representing a year-on-year growth of 12.5% and a quarter-on-quarter increase of 2.4% [1] - The strong quarterly performance is anticipated to support the profit margins of gaming companies and lead to upward revisions in earnings forecasts [1] - For October, Macau's gaming revenue is projected to grow by 8% year-on-year, driven by strong demand during the National Day Golden Week, although it faces a high comparison base [1]

该行目前预期，10月迎来国庆黄金周长假，将是另一个强劲月份，因此仍将全年博彩收入预测上调1% 至2,450亿澳门元，即同比增长8%，达至2019年水平的约84%，对濠赌板块亦维持"增持"评级。 智通财经APP获悉，大华继显发布研报称，今年9月份澳门博彩收入录183亿澳门元，环比下跌17%，但 同比比较升6%，达到2019年同期水平的约83%，较市场预期低3%，相信是超强台风吹袭，导致澳门所 有娱乐场暂停营业33小时及入境交通中断的影响。 ...

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]