Credit Suisse reported that in the mainland to curb cross-border gambling, even if the impact of the future epidemic recedes, it is expected that restrictions on regular gamblers, especially outside Guangdong, will still exist. Gross gaming revenues (GGR) in Macau are expected to return to 80 per cent of pre-epidemic levels in 2024 (previously 98 per cent). The bank cut its GGR forecast and target prices for gaming stocks by 10-59 per cent to reflect weak demand. Measures are expected to be relaxed in the first quarter of 2023, and betting duty is likely to be raised by 1%. Due to the high marketing expenses of leisure gamblers, the initial midfield gross margin may be lower.

The order of stock selection of the bank is$Sands China Ltd. (01928.HK) $、$Galaxy Entertainment (00027.HK) $、$Melco International Development (00200.HK) $. The bank's latest target price and rating for betting stocks are as follows: