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瑞信:中國擬修改賭博刑法 濠賭股有下行風險
格隆匯 10-14 15:49

瑞信發表研究報告指,由於跨境賭博令大量資金外流,以及嚴重損害中國形象及金融安全,中國人大常委會計劃修改賭博刑法,濠賭股股價存在下跌風險。

根據報道,中國人大常委會提出調整在中國經營賭場的刑期,同時增加“境外賭場人員組織、招攬公民出境賭博為刑事罪。瑞信認為,新措施將打擊濠賭市場情緒,亦對貴賓廳、高端中場及需求營運造成影響。

該行指,自9月中下調澳門博彩業評級以來,已一直強調嚴格的監管風險已損害需求,然而投資者仍期望這是一次性,隨着時間過去會有所紓緩。實際上,今次事件表明監管逐步收緊,而非放鬆。該行相信行動會打擊大賭客的需求、影響博彩中介人追債,以及阻塞了融資渠道。

該行又指,雖然全中國的個人遊簽證已恢復,但總博彩收入持續遜預期,認為濠賭股股價短期有下跌風險。由於貴賓廳業務疲弱,且復甦之路曲折,繼續建議投資者避開財務槓桿高、貴賓廳業務多,以及資產基礎不靈活的營運商。

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