格隆汇10月27日丨英皇娱乐酒店(00296.HK)公布，于2025年10月27日，天豪(为公司的全资附属公司)与 澳娱双方订立终止协议，据此，该协议将自2025年10月31日(「终止日期」)起提前终止。自终止日期 起，天豪不再提供该等服务予澳娱，于澳门的英皇娱乐酒店的博彩区将终止营运。 集团早已积极规划其他娱乐及消遣设施，以提升英皇娱乐酒店的酒店服务体验，从而拓宽收入基础。集 团对澳门旅游业的前景仍保持乐观态度，并将继续提升其产品及服务以把握商机。董事会将寻求合适机 会，利用其财务资源，旨在扩大其酒店业务。倘有任何投资得以落实，公司将通知股东，并于适当时候 根据上市规则作出公告。 集团将继续从事酒店业务，包括位于香港的 (i) 英皇骏景酒店、(ii) The Unit MorrisonHill、(iii) The Unit Happy Valley 及 (iv) The Unit Soho 租赁公寓，以及位于澳门的 (v) 英皇娱乐酒店及 (vi) 盛世酒店。集团 来自酒店及租赁公寓的收入于截至2024年及2025年3月31日止的财政年度大致保持稳定。此外，于截至 2025年3月31日止，集团维持稳健的财务 ...

Core Viewpoint - Emperor Entertainment Hotel (00296) announced the termination of its agreement with 澳娱, effective October 31, 2025, leading to the cessation of gaming operations at its Macau location [1] Group 1: Business Operations - The company will continue its hotel operations, which include properties in Hong Kong such as Emperor Jockey Club Hotel, The Unit Morrison Hill, The Unit Happy Valley, and The Unit Soho, as well as Emperor Entertainment Hotel and 盛世酒店 in Macau [1] - Revenue from hotel and rental apartment operations is expected to remain stable for the fiscal years ending March 31, 2024, and March 31, 2025 [1] Group 2: Financial Position - As of March 31, 2025, the company maintains a strong financial position with bank balances and cash amounting to approximately HKD 526 million, with no bank borrowings [1] Group 3: Future Outlook - The company is actively planning additional entertainment and recreational facilities to enhance the hotel service experience and broaden its revenue base [1] - The company remains optimistic about the prospects of the Macau tourism industry and will continue to improve its products and services to seize business opportunities [1] - The board will seek suitable opportunities to utilize its financial resources to expand its hotel business [1]

集团早已积极规划其他娱乐及消遣设施，以提升英皇娱乐酒店的酒店服务体验，从而拓宽收入基础。集 团对澳门旅游业的前景仍保持乐观态度，并将继续提升其产品及服务以把握商机。董事会将寻求合适机 会，利用其财务资源，旨在扩大其酒店业务。 智通财经APP讯，英皇娱乐酒店(00296)发布公告，于 2025年10月27日(交易时段后)，天豪(为公司全资 附属公司)与澳娱双方订立终止协议，据此，该协议将自2025年10月31日起提前终止。自终止日期起， 天豪不再提供该等服务予澳娱，于澳门的英皇娱乐酒店的博彩区将终止营运。 集团将继续从事酒店业务，包括位于香港的 (i) 英皇骏景酒店、(ii) The Unit Morrison Hill、(iii) The Unit Happy Valley 及 (iv) The Unit Soho 租赁公寓，以及位于澳门的 (v) 英皇娱乐酒店及 (vi) 盛世酒店。集团 来自酒店及租赁公寓的收入于截至2024年及2025年3月 31日止的财政年度大致保持稳定。此外，于截至 2025年3月31日止，集团维持稳健的财务状况，银行结余及现金约为5.26亿港元，并无任何银行借款。 ...

Core Insights - UR (Urban Renaissance Agency) is a significant player in Japan's rental housing market, owning 730,000 rental units across the country, which represents only 3%-4% of the total rental population in Japan [1][2][3] - UR operates as a government-backed entity, providing stable cash flow through its extensive property management and urban renewal initiatives [3][13][14] - The agency's unique position allows it to leverage government support and a stable operational model, differentiating it from private rental companies [17][24][25] Group 1: UR's Business Model - UR is a semi-official organization under the supervision of the Ministry of Land, Infrastructure, Transport and Tourism, focusing on urban renewal and rental housing [13][10] - The properties managed by UR are primarily apartments, with a significant cost advantage of 20%-30% lower than private rentals in the same area, and no additional fees such as key money or renewal fees [12][30] - UR's operational strategy includes regular renovations every 15-25 years, ensuring the quality and longevity of its housing stock [11][27] Group 2: Market Position and Competition - UR's ability to acquire land and manage properties gives it a competitive edge over private developers, as it can undertake urban renewal projects without the same financial pressures [18][21] - The agency's focus on long-term stability and community integration allows it to maintain a low vacancy rate of approximately 3%-4%, significantly lower than the private rental market [30][25] - UR's role in the housing market is comparable to major real estate companies in China, such as Wanda and Vanke, highlighting its importance in Japanese society [5][6][17] Group 3: Societal Impact - UR plays a crucial role in addressing Japan's aging population and housing needs, offering affordable housing options that cater to various demographics, including families and elderly residents [11][45][59] - The agency's initiatives, such as the "near living" discount for families, promote intergenerational living and community cohesion [45][60] - UR's influence extends beyond housing, contributing to urban planning and social stability in Japan, which is increasingly relevant as the country faces demographic challenges [58][62][64]