另外，缆车维护也存在漏洞。自2019年以来，负责缆车维护的承包商一直在缺乏该公司和专业工程人员的监督下开展工作，维 护记录与实际执行情况多有出入。 缆车是里斯本居民的重要交通方式，也是地标性景点，吸引大批游客前来体验。出事缆车线路建于1885年，缆车沿山坡运行。9 月3日，该线路上的缆车发生钢缆断裂事故，造成16人丧生、20余人受伤。 航空和铁路事故预防与调查办公室说，初步调查报告不涉及责任认定，钢缆断裂的具体原因、缆车制动系统是否需要改进等问 题需继续调查。最终报告预计明年发布。 葡萄牙20日公布9月里斯本缆车坠毁事故初步调查报告，认定事故由多项"严重过失"导致，包括制动系统失灵、存在违规和造假 行为。 根据葡萄牙航空和铁路事故预防与调查办公室的报告，事故缆车的钢缆强度不足，存在质量缺陷。钢缆断裂后，缆车安全系统 切断电源，导致气动制动系统失效。操作员虽改用手动制动，但不足以阻止轿厢下滑。 报告还说，运营事故缆车的里斯本市公共交通公司2022年仓促采买不符合标准的钢缆，且未按制造商说明安装。2024年，该公 司继续延用同款钢缆，事故发生时钢缆使用时间不到一年。 ...

9月28日一大早，71岁的重庆长寿区市民郭绍华挎上菜篮子，赶最早的一趟缆车，去"上半城"的菜场买 菜。 长寿老城区依山而建，当地人依地势高度将其分为"上半城"与"下半城"。缆车（见图，本报记者常碧罗 摄）从山中穿过，为百姓来往上下半城节省了不少时间，是最便捷的交通工具。缆车道长282.1米，垂 直高度110米，平均运行坡度约30度。 记者来到长寿区凤城街道缆车站，看到门口已经排起队，有背着背篓的菜农，有去赶早市的群众，还有 从新城区专程来打卡的年轻人……这趟从1964年就开始运行的缆车，是国内运行最久的鱼腹式轨道地面 缆车，也是陪伴长寿区市民的生活记忆。 "你不知道，之前缆车停运的时候，去上半城要多绕半个小时。"郭绍华说。 2023年，缆车一度"停摆"，是因为底盘锈蚀、制动系统老化等问题，不得不整修。重庆市委巡视组和长 寿区委巡察组在实地走访时，听到了群众的心声，"停下的缆车什么时候能修好呢？"区委巡察组充分发 挥巡视巡察上下联动优势，将群众关切的缆车停运问题列为重点监督事项。调查发现，缆车技改推进迟 缓的背后，存在跨部门管辖、协调机制不畅等问题。 怎么办？先解决分工问题。 部门协调会上，一名工作人员道出困难 ...

Core Viewpoint - Wynn Macau's parent company, Wynn Resorts, reported weak performance in its Macau segment for Q2 2025, leading to a 7.4% drop in stock price. The company plans to invest approximately $750 million in enhancing its non-gaming competitiveness and high-end offerings from 2025 to 2026 [1][2][3] Financial Performance - Wynn Macau's Q2 2025 net revenue was $880 million, flat year-on-year and up 2% quarter-on-quarter. Adjusted EBITDA was $250 million, down 10% year-on-year and flat quarter-on-quarter, impacted by low VIP win rates [1] - Total Gross Gaming Revenue (GGR) reached $900 million, recovering to 66% of Q2 2019 levels, compared to the industry average of 83%. VIP gross revenue was $150 million, recovering to 21% of Q2 2019 levels, while mass market gross revenue was $690 million, recovering to 120% of Q2 2019 levels [1][2] - EBITDA margin (EM) for Wynn Palace was 29.1%, down 4.5 percentage points year-on-year and 1.1 percentage points quarter-on-quarter. The overall EBITDA margin for Wynn Macau was 28.1%, down 0.4 percentage points year-on-year but up 0.7 percentage points quarter-on-quarter [1] Competitive Landscape - The non-gaming offerings of Wynn are considered weak compared to competitors, with outdated attractions and limited appeal to the mainstream Chinese consumer. Competitors like Galaxy and Sands are enhancing their entertainment offerings to attract high-end customers [2] - Wynn has announced plans to invest $750 million to develop a new club, renovate hotel rooms, and build a convention and entertainment center, with completion expected by 2028 [2] Market Outlook - The Macau gaming sector is expected to continue its upward trend in the second half of 2025, supported by favorable policies and increased visitor numbers. The introduction of new entertainment events is anticipated to benefit the overall market [2] - The company has revised its GGR and adjusted EBITDA forecasts downward for 2025-2027, reflecting the challenges in both mass and VIP segments [3] Rating and Target Price - The rating for Wynn has been downgraded to "Hold," with a target price adjusted to HKD 6.7, reflecting a valuation based on an 8.0x EV/EBITDA for 2026 [3]

Group 1 - The core viewpoint of the news is that new regulations in Xi'an aim to manage the pricing of monopolistic transportation services in scenic areas, such as shuttle buses and cable cars, to prevent forced charges on tourists [1][2] - The regulations have received positive feedback, with many hoping that other scenic areas will follow suit to address the chaotic situation surrounding shuttle services [1][2] - A survey indicated that from January to July 2024, there were over 30,000 consumer complaints related to shuttle services in scenic areas, highlighting the widespread issue of forced charges [1][2] Group 2 - The regulations specifically prohibit mandatory use of shuttle services for the route from parking lots to scenic area entrances, which is a clear guideline, but the complexity of many scenic areas' practices complicates enforcement [1][2] - Some scenic areas have been reported to artificially extend the distance from the entrance to core attractions, making it difficult for consumers to discern legitimate needs from exploitative practices [2] - The issue of shuttle services is characterized by a lack of transparency, where tourists appear to have a choice but are often compelled to pay, raising concerns about the industry's reputation if not addressed [2][3] Group 3 - The problems stem from systematic design flaws in scenic area planning, where shuttle services have become an invisible consumption trap, leading to dissatisfaction among tourists [3] - Effective governance of these issues requires not only assessing price fairness and demand but also scrutinizing the planning details of scenic areas to eliminate unnecessary demands and prevent forced consumption [3]