Goldman Sachs released a research report that continued to believe that bookmaker stocks are good value at current levels and do not yet reflect the potential upside from visa policy easing and more rational competition. THE BANK ASSUMES QUARTERLY BETTING RECEIPTS FOR THE SECOND QUARTER OF THIS YEAR WILL BE FLAT, WITH THE MARKET SHARE OF BETTING (00027.HK) AND NEW YORK-BASED BOA (MLCO.US) INCREASING, WHILE WYNLEY MACAU (01128.HK) AND MGM CHINA (02282.HK) COULD FALL, WHILE SANDS CHINA (01928.HK) AND OMBO (00880.HK) COULD FALL. HK) is relatively stable.

The bank believes that after rebounding from lows in early May, it has yet to fully reflect the potential continued 20% stake in the gambling market, reasserting banking as the industry's top choice and maintaining a “buy” rating on Sands China, AMBO and Nova Scoobao.