Summary by Futu AI
AMBO Holdings announced that in light of the strong growth in fees for services from the beginning of 2023, the company proposes to revise the annual caps for FY2024 and FY2025. The amendment relates to the ongoing connected transaction of the Triumphal Gate service provided by Triumph Gate Entertainment to Macau Entertainment and the use of the Triumph Gate Hotel space to operate the casino. AMBO HOLDINGS SAID IN AN ANNOUNCEMENT ON 31 MAY 2024 THAT DUE TO THE RECOVERY OF THE MACAU GAMBLING INDUSTRY AND THE INCREASE IN VISITORS TO MACAU, RESULTING IN AN INCREASE IN TOTAL GAMBLING REVENUE AT TRIUMPHAL GATE CASINO, IT IS PROPOSED TO REVISE THE ANNUAL CAP. The revised FY2024 ceiling was increased from HK$351.7 million to HK$908.3 million and the...Show More