《大行報告》摩通:澳門賭業VIP中介收入在未來數週可能減少30%至50%
對於太陽城集團(01383.HK)主席周焯華涉嫌經營跨境賭博活動而被溫州人民檢察院批準逮捕,摩根大通發表研究報告指出,市場對上述消息可能不感到驚訝,但有關文件提及太陽城在澳門的活動,意味「跨境賭博宣傳禁令」範圍包括澳門在內,出乎市場預期,併爲首次高調打壓中介高層。此外,發出逮捕令的時間亦令人擔憂,因爲在澳門賭牌續期期間,可能會影響對中介人制度的看法。
該行相信,上述事件對博彩中介業務或貴賓廳(VIP)業務帶來負面影響,因周焯華爲着名的中介業者,而太陽城於澳門中介市場的市佔率約40%至45%,及約佔澳門總賭收約15%。該行預期澳門賭業VIP中介收入未來數週可能較現時減少30%至50%。雖然VIP收入於2019年的澳門賭收及EBITDA佔比分別不到40%及15%,但有關消息或會打擊市場情緒,部分投資者憂慮當局將更廣泛地打擊賭業,摩通對此觀點並不同意,但亦無法反駁。
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