格隆汇7月31日丨永利澳门(01128.HK)公布，于2025年7月31日，根据融通协议的条款，公司、WM Cayman II与中国银行股份有限公司澳门分行(作为贷款方代理)及WM Cayman II选定的若干贷款人("弹性 增额贷款方")已订立文件，据此，弹性增额贷款方将根据融通协议项下优先无抵押循环信贷融通向WM Cayman II额外提供总额为等值10亿美元的额外资金。因此，融通协议项下优先无抵押循环信贷融通的 承诺总额已增至25亿美元等值。就融通协议应付予弹性增额贷款方的惯常弹性增额费用，将由WM Cayman Holdings Limited II支付。 ...

Group 1 - Gaming stocks are rising against the trend, with MGM China up 6.67% to HKD 16.64, Melco International Development up 4.02% to HKD 5.44, Sands China up 1.82% to HKD 19.06, and Galaxy Entertainment up 1.32% to HKD 38.45 [1] - MGM China reported total revenue of HKD 8.667 billion for Q2, a year-on-year increase of 8.89%, and total revenue of HKD 16.661 billion for the first half of the year, up 2.73% year-on-year [1] - The adjusted EBITDA for Q2 reached HKD 2.511 billion, marking a year-on-year growth of 2.79%, setting a new record [1] Group 2 - Citigroup raised the target price for MGM from HKD 17.1 to HKD 18 while maintaining a "Buy" rating [1] - Citigroup maintains a forecast for July 2025 GGR at MOP 21 billion, which is approximately 86% of the July 2019 level, with a year-on-year growth of 13% [1] - Macquarie recently increased its forecast for total gaming revenue in Macau for 2025 by 5% to MOP 235.7 billion, representing a year-on-year growth of 4% [1]

Group 1 - The gaming stocks are rising against the trend, with MGM China increasing by 6.67% to HKD 16.64, Melco International Development up by 4.02% to HKD 5.44, Sands China rising by 1.82% to HKD 19.06, and Galaxy Entertainment up by 1.32% to HKD 38.45 [1] - MGM China reported total revenue of HKD 8.667 billion for Q2, a year-on-year increase of 8.89%, and total revenue of HKD 16.661 billion for the first half of the year, up 2.73% year-on-year [1] - The adjusted EBITDA for Q2 reached HKD 2.511 billion, marking a year-on-year growth of 2.79%, setting a new record [1] Group 2 - Citigroup raised the target price for MGM from HKD 17.1 to HKD 18 while maintaining a "Buy" rating [1] - Citigroup maintains the forecast for July 2025 gross gaming revenue (GGR) at MOP 21 billion, which is approximately 86% of the July 2019 level, with a year-on-year growth of 13% [1] - Macquarie recently increased its forecast for total gaming revenue in Macau for 2025 by 5% to MOP 235.7 billion, representing a year-on-year growth of 4% [1]

Core Viewpoint - Citigroup's research report indicates that MGM China achieved a record high EBITDA of HKD 25.11 billion in Q2 2025, with a market share of 16.6% and an EBITDA margin of 29%, aligning with management's guidance [1] Group 1: Financial Performance - MGM China's EBITDA reached HKD 25.11 billion in Q2 2025, marking a historical high [1] - The EBITDA margin stood at 29%, consistent with management's expectations [1] - The company maintained a market share of 16.6% during this period [1] Group 2: Competitive Position - Citigroup believes MGM China's performance reflects its competitiveness and prudent spending, particularly in player reinvestment [1] - Despite new product launches from competitors like Sands China's Londoner and Galaxy's Capella hotel, MGM China continues to show strong business momentum [1] Group 3: Future Outlook - Management indicated that business momentum remained strong as of July 2025, with all business segments recording robust transaction volumes [1] - Citigroup anticipates that new suites and villas opening from July 2025 to mid-2026 will help MGM China maintain its market share [1] Group 4: Stock Valuation - Citigroup raised MGM China's target price from HKD 17.1 to HKD 18 while maintaining a "Buy" rating [1] - Despite recent stock price increases, Citigroup considers the stock's valuation attractive, with a 2026 fiscal year EBITDA multiple of 8.3 times, which is more than one standard deviation below the average [1] - The stock offers an approximate 4% dividend yield based on a 50% payout ratio [1]

澳娱综合早前发新闻稿指，因应整体业务规划及商业考量，君怡娱乐场提前终止营运。所有由澳娱综合 聘用的本地雇员将继续受雇，并按营运需要调派至公司旗下其他娱乐场从事博彩相关工作；至于非澳娱 综合聘用的本地雇员亦将获邀申请公司内部相关空缺岗位，并在相同条件下优先聘用。 澳门11间赌场"卫星场"须于年底前结束营业，其中澳娱综合旗下澳门卫星赌场君怡娱乐场今日凌晨结束 营运。澳门卫星赌场本身没有赌牌，但与持牌博彩公司合作经营，类似特许经营模式。澳门政府较早前 于2022年修改相关法例，规定"卫星场"在三年过渡期届满后，要结束经营或改为持牌博企直营。 据报道，君怡娱乐场今日(31日)凌晨零时拉下卷闸，场所招牌由红布遮挡。门外摆放的告示指出，若持 有未兑换筹码、未取回积存现金回赠等，可到另一娱乐场账房处理。 ...

Core Viewpoint - MGM China Holdings Limited (02282) experienced a stock price increase of over 5%, reaching HKD 16.44 with a trading volume of HKD 81.31 million [1] Financial Performance - For the second quarter ending June 30, total revenue was HKD 8.667 billion, representing a year-on-year growth of 8.89% [1] - For the first half of the year, total revenue reached HKD 16.661 billion, showing a year-on-year increase of 2.73% [1] - The adjusted EBITDA for the second quarter was HKD 2.511 billion, marking a year-on-year increase of 2.79%, achieving a record high [1] - For the first half of the year, adjusted EBITDA was HKD 4.879 billion, reflecting a year-on-year decline of 1.39% [1]

Core Viewpoint - MGM China Holdings Limited reported an increase in total revenue and adjusted EBITDA for the three months ending June 30, 2025, compared to the same period last year, indicating a positive growth trend in the company's financial performance [1] Financial Performance Summary - For the three months ending June 30, 2025, total revenue reached HKD 8.667 billion, representing an 8.89% year-on-year increase [1] - Adjusted EBITDA for the same period was HKD 2.511 billion, showing a 2.79% year-on-year increase [1] - For the six months ending June 30, 2025, total revenue was HKD 16.661 billion, which is a 2.73% year-on-year increase [1] - Adjusted EBITDA for the six-month period was HKD 4.879 billion, reflecting a 1.39% year-on-year decrease [1]

Group 1 - The core viewpoint of the article is that MGM China Holdings Limited reported an increase in total revenue and adjusted EBITDA for the three months ending June 30, 2025, compared to the same period last year [1] - For the three months ending June 30, 2025, total revenue reached HKD 8.667 billion, representing an increase of 8.89% year-on-year [1] - The adjusted EBITDA for the same period was HKD 2.511 billion, showing a year-on-year increase of 2.79% [1] Group 2 - For the six months ending June 30, 2025, total revenue amounted to HKD 16.661 billion, which is a year-on-year increase of 2.73% [1] - The adjusted EBITDA for the six-month period was HKD 4.879 billion, reflecting a year-on-year decrease of 1.39% [1]

据悉，该物业为该项目中位于珠海市横琴新区吉临路59号办公大楼21楼至29楼及31楼至33楼12层楼的分 层办公单位(总建筑面积约为19,651平方米)，以及位于珠海市横琴新区信德街28号现时标记为126号铺的 一个零售单位(总建筑面积约为130平方米)。 本文源自：智通财经网 智通财经获悉，澳博控股(00880)跌近5%，截至发稿，跌4.91%，报3.1港元，成交额6700.35万港元。 消息面上，澳博控股发布公告，于2025年7月28日，买方SJM投资(公司一间附属公司)与卖方珠海横琴信 德房地产开发有限公司(信德集团附属)订立收购协议。根据收购协议，卖方已有条件同意出售且买方已 有条件同意收购该物业，且不附带任何产权负担。该物业的代价已协定为人民币7.2420亿元(相当于约 8.0321亿港元，不含税)，将以现金分七个阶段结付。 ...

消息面上，澳博控股发布公告，于2025年7月28日，买方SJM投资(公司一间附属公司)与卖方珠海横琴信 德房地产开发有限公司(信德集团附属)订立收购协议。根据收购协议，卖方已有条件同意出售且买方已 有条件同意收购该物业，且不附带任何产权负担。该物业的代价已协定为人民币7.2420亿元(相当于约 8.0321亿港元，不含税)，将以现金分七个阶段结付。 据悉，该物业为该项目中位于珠海市横琴新区吉临路59号办公大楼21楼至29楼及31楼至33楼12层楼的分 层办公单位(总建筑面积约为19,651平方米)，以及位于珠海市横琴新区信德街28号现时标记为126号铺的 一个零售单位(总建筑面积约为130平方米)。 澳博控股(00880)跌近5%，截至发稿，跌4.91%，报3.1港元，成交额6700.35万港元。 ...