Core Viewpoint - 澳博控股 reported a significant increase in losses for the first half of the year, leading to a decline in stock price and the decision not to distribute an interim dividend [1] Financial Performance - Total revenue from gaming, hotel, dining, retail, leasing, and related services reached HKD 14.639 billion, an increase of 6.07% year-on-year [1] - Shareholders' attributable loss amounted to HKD 1.82 billion, representing a year-on-year increase of 12.19% [1] - Basic loss per share was HKD 0.026 [1] - Adjusted EBITDA decreased by 5.1% to HKD 1.646 billion, with an adjusted EBITDA margin dropping by 1.4 percentage points to 11.2% [1] Strategic Developments - 澳博控股 announced the acquisition of part of the Lisboa Hotel from its controlling shareholder for HKD 5.29 billion [1] - The company anticipates that this property will allow for the expansion of existing business at the Lisboa Casino, including the addition of new facilities and gaming areas [1] - 澳博控股 plans to support the gaming operations at this property with certain gaming tables and slot machines from a satellite casino expected to cease operations by the end of 2025 [1]

隔夜美股高开高走！道指、标普500指数再创收盘新高，中概指数涨0.14%。连跌3日的港股三大指数集 体高开，恒指涨0.39%，国指涨0.46%，恒生科技指数涨0.8%。 另一方面，昨日大幅上涨的半导体股多数走低，华虹半导体跌3.58%，中芯国际飘绿，濠赌股个别走 低，上半年股东应占亏损扩大至1.82亿港元，澳博控股大跌9.58%，快递股、海运股、乳制品股普遍下 跌。(格隆汇) 盘面上，大型科技股集体上涨，快手涨2%，京东涨1.65%，百度、网易涨超1%，阿里巴巴、美团、腾 讯均有涨幅；保险股普遍上涨，其中，新华保险绩后涨超6%领衔，中国人寿涨超1%；中资券商股多数 活跃，正式在香港推出加密货币交易服务，国泰君安国际涨近6%，重型机械股、建材水泥股、家电 股、汽车股齐涨。 ...

Core Insights - Red Rock Resorts reported strong Q2 2025 earnings, with both earnings and revenues exceeding estimates, indicating positive financial performance [2][3] Financial Performance - Adjusted EPS for Q2 2025 was 95 cents, surpassing the Zacks Consensus Estimate of 40 cents, and up from 59 cents in the prior-year quarter [3] - Quarterly revenues reached $526.3 million, beating the Zacks Consensus Estimate of $485 million, and grew 8.2% year over year from $486.4 million [3] - Net income increased to $108.3 million from $69.8 million in the prior-year quarter [5] - Adjusted EBITDA was $229.4 million, a 13.7% increase from $201.7 million year over year, with an adjusted EBITDA margin expanding to 43.6% from 41.5% [5] Segment Performance - Las Vegas Operations generated revenues of $513.3 million, up 6.2% from $483.2 million in the prior-year quarter, with adjusted EBITDA of $239.4 million, up 7.3% from $223.1 million [4] - Native American Management reported revenues and adjusted EBITDA of $10 million, reflecting cumulative development fee recognition [4] Financial Position - As of June 30, 2025, cash and cash equivalents were $145.2 million, up from $122.8 million as of March 31, 2025, while outstanding debt remained at $3.4 billion [6] - The board declared a cash dividend of $0.25 per share, payable on September 30, 2025, demonstrating commitment to shareholder returns [6] Market Outlook - There has been an upward trend in estimates for Red Rock Resorts, with the consensus estimate shifting by 11.72% recently [7] - The stock has a Growth Score of B and a Momentum Score of B, with an aggregate VGM Score of B, indicating a balanced investment profile [9] Industry Context - Red Rock Resorts operates within the Zacks Gaming industry, where Las Vegas Sands reported revenues of $3.18 billion for the last quarter, reflecting a year-over-year increase of 15% [11] - Las Vegas Sands is expected to post earnings of $0.61 per share for the current quarter, indicating a change of 38.6% from the year-ago quarter [12]

神话世界(00582)发布2025年中期业绩，收益4.10亿港元，同比下降21.8%;净亏损2.44亿港元，同比扩大 5.6%。 于本期间的综合亏损净额增加主要归因于本期间房价压力及顾客支出削弱，导致综合收益(尤其是来自 集团综合度假区及博彩业务的收益)下降;及投资物业的公平价值较2024年同期下降。 ...

智通财经APP讯，神话世界(00582)发布2025年中期业绩，收益4.10亿港元，同比下降21.8%;净亏损2.44 亿港元，同比扩大5.6%。 于本期间的综合亏损净额增加主要归因于本期间房价压力及顾客支出削弱，导致综合收益(尤其是来自 集团综合度假区及博彩业务的收益)下降;及投资物业的公平价值较2024年同期下降。 ...

Core Viewpoint - The company reported a strong recovery in its business segments for the first half of 2025, with significant growth in net income and EBITDA, driven by robust performance in the mid-market gaming sector [1][2]. Financial Performance - In H1 2025, the company achieved net revenue of $292 million, a year-on-year increase of 19.9% [1] - EBITDA, excluding the impact of the Vladivostok project impairment, was $200 million, reflecting a year-on-year growth of 38.5% [1] - The overall gross gaming revenue (GGR) reached $332 million, up 17.2% year-on-year [1] - The mid-market gaming table GGR was $162 million, increasing by 24.0% year-on-year [1] - The company’s comprehensive gross margin improved to 80.7%, a 1.8% increase year-on-year, primarily due to faster growth in the mid-market gaming table segment [2] Business Segment Analysis - The mid-market gaming table segment showed a gross margin of 91.9%, up 0.3 percentage points year-on-year [2] - High-end VIP business GGR recovered to 138.8% of the same period in 2019, with a year-on-year increase of 89.0% [1][2] - The company’s administrative expenses were reduced by 35.6% year-on-year, contributing to improved EBITDA and net profit margins [2] Competitive Advantage - The company holds exclusive operating rights in the Phnom Penh area until 2045, enhancing its competitive position in Southeast Asia [3] - Cambodia's gaming tax rates are competitive, at 7% for mid-market GGR and 4% for non-mid-market GGR, allowing the company to offer attractive commission policies to high-end clients [3] Growth Outlook - The company is expected to maintain steady growth in the medium to long term, supported by ongoing foreign direct investment and increased tourism demand [3] - Projections for EBITDA from 2025 to 2027 are $401 million, $445 million, and $487 million, respectively [3] - The company is rated as a strong buy due to its exclusive operating rights and sustainable growth potential, with a 2025 EV/EBITDA of 7.4x and a P/E of 11.4x [3]

Group 1 - MGM China (02282) announced a share buyback plan, intending to repurchase 1 million shares at a cost of HKD 15.953 million [1] - The buyback is scheduled to take place on August 28, 2025 [1] - This move reflects the company's strategy to enhance shareholder value through capital management [1]

智通财经APP讯，美高梅中国(02282)发布公告，于2025年8月28日斥资1595.3万港元回购100万股。 ...

澳博控股(00880)发布截至2025年6月30日止六个月中期业绩，博彩、酒店、餐饮、零售、租赁及相关服 务收益146.39亿港元，同比增加6.07%;股东应占亏损1.82亿港元，同比扩大12.19%;每股基本亏损2.6港 仙。 公告称，收益增幅主要是由博彩收益所致。 公司的附属公司澳娱综合度假股份有限公司(澳娱综合)于2025年上半年的博彩净收益为136.28亿港元， 2024年上半年则为128.97亿港元。 澳娱综合占澳门博彩毛收益的12.9%，当中包括占中场赌枱博彩毛收益的16.1%及占贵宾博彩毛收益的 3.7%。 上葡京综合度假村的毛收益为36.26亿港元，包括博彩毛收益29.36亿港元及非博彩收益6.90亿港元，而 2024年上半年则取得博彩毛收益23.25亿港元及非博彩收益6.31亿港元。上葡京综合度假村的经调整物业 EBITDA为8,200万港元，而2024年上半年则为1.92亿港元。 新葡京的毛收益为37.60亿港元，包括博彩毛收益35.82亿港元及非博彩收益1.78亿港元，而2024年上半 年则取得博彩毛收益36.60亿港元及非博彩收益1.40亿港元。新葡京的经调整物业EBITDA为8.63 ...

证券时报·数据宝统计，美高梅中国在港交所公告显示，8月27日以每股15.920港元至16.130港元的价格 回购100.00万股，回购金额达1601.80万港元。该股当日收盘价16.080港元，平盘报收，全天成交额 9865.60万港元。 自8月26日以来公司已连续2日进行回购，合计回购200.00万股，累计回购金额3215.72万港元。 其间该 股累计上涨0.82%。 美高梅中国回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.08.27 | 100.00 | 16.130 | 15.920 | 1601.80 | | 2025.08.26 | 100.00 | 16.290 | 15.950 | 1613.91 | | 2025.08.14 | 100.00 | 16.250 | 16.100 | 1618.07 | | 2025.08.13 | 100.00 | 16.070 | 15.870 | 1598.46 | | 2025.08.12 | 100.00 ...