银河娱乐非博彩引流优势及优质物业培育有望持续拉动份额向好

中信建投
Nov 10, 2025

核心观点公司发布25Q3经营业绩,25Q3实现收入122亿港元,同比+14%。实现经调整EBITDA为33亿港元,同比+14%。公司中场博彩在较高基数下,恢复度仍实现同环比亮眼提升。前三季度公司举办约260场娱乐、体育、艺术与文化等活动。持续投资优质新项目和科技能力,25Q4多项重磅演艺和体育项目推出,预计公司将凭借优质现金状况、突出的非博彩综合竞争力、中场业务成长,获取市占率持续向好。事件公司...

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