Core Viewpoint - 澳博控股 has announced the acquisition of the company owning the renowned Grand Lisboa Hotel, enhancing its position in Macau's entertainment and hotel sector [1][6]. Group 1: Acquisition Details - On November 20, 2025, 澳博控股 announced an agreement with SJM Investments to acquire the Grand Lisboa Development Company, which owns the Grand Lisboa Hotel [1][6]. - The Grand Lisboa Hotel has a total construction area of approximately 86,438 square meters, including hotel rooms, dining facilities, retail space, and the Grand Lisboa Casino [1][6]. - The acquisition was completed on December 17, 2025, and the target group companies became wholly-owned subsidiaries of 澳娱综合 [1][6]. Group 2: Operational Changes - Following the completion of the acquisition and approval from the gaming authority, 澳娱综合 will directly manage and operate the Grand Lisboa Casino starting from December 30, 2025 [1][6]. - 澳娱综合 has taken over the hotel services, dining facilities, retail, and gaming operations at the Grand Lisboa Hotel [1][6]. Group 3: Strategic Implications - The acquisition allows 澳娱综合 to strengthen its position in a high-density commercial entertainment hub, maintaining core customer sources in the Macau Peninsula [1][6]. - The company aims to enhance synergy with its existing "Pousada" properties, optimizing customer flow and expanding market coverage [1][6]. Group 4: Long-term Vision - 澳娱综合 is focused on the long-term development of Macau, promoting urban renewal, improving tourism service quality and diversity, and supporting Macau's role as a "World Tourism and Leisure Center" [2][7].

Core Viewpoint - The acquisition of the Grand Lisboa Palace by 澳博控股 (00880.HK) enhances its position in the Macau gaming and hospitality market, allowing for better management of operations and customer flow in a high-density area [1][2]. Group 1: Acquisition Details - 澳博控股 announced the acquisition of 凯旋门发展有限公司, which owns the Grand Lisboa Hotel, on November 20, 2025 [1]. - The total construction area of the Grand Lisboa Hotel is approximately 86,438 square meters, including hotel rooms, dining facilities, retail space, and the Grand Lisboa Casino [1]. - The acquisition was completed on December 17, 2025, and the company became a wholly-owned subsidiary of 澳博控股 [1]. Group 2: Operational Changes - Following the completion of the acquisition, 澳博控股 received approval from the gaming authority to manage and operate the Grand Lisboa Casino starting from December 30, 2025 [1]. - 澳博控股 has taken over the hotel services, dining facilities, retail, and gaming operations at the Grand Lisboa Hotel [1]. Group 3: Strategic Goals - 澳博控股 aims to enhance the tourism service quality and diversity in Macau, contributing to the city's sustainable development and long-term prosperity [2]. - The company focuses on urban renewal in Macau Peninsula to strengthen its position as a "World Tourism and Leisure Center" [2].