Glonghui, August 5 | Goldman Sachs Research Report shows that as the negative impact of the European Cup came to an end in mid-July, Macau's gambling revenue rose moderately to MOP 18.6 billion per month in July, equivalent to 76% of pre-pandemic levels. During the summer vacation, more travelers, mainly leisure and family travelers, visited Macau. Gambling revenue also recorded an average of MOP 0.586 billion per day in the past two weeks. According to the bank, assuming that VIP club gambling revenue accounts for about 30% of pre-pandemic gambling revenue, it is estimated that midfield gambling revenue is about 110%. Although outbound travel to other countries such as Japan and South Korea and the issue of cracking down on illegal “money exchange parties” continues to receive attention, midfield gambling revenue has maintained a steady trend. The bank also mentioned that the average number of daily visitors to Macau rebounded to 0.096 million between July 1 and 25, up from 0.085 million in June. Goldman Sachs also said that it is rumored that Thailand is about to pass a bill to build a casino. Las Vegas Sands Group and MGM Resorts have expressed interest in bidding for gambling, but the details have not yet been announced. The bank will keep a close eye on the progress of the incident, as it will affect the capital return and allocation decisions of Hao Gaming shares. According to the bank, the performance of Macau Gaming shares is still weak, but based on current stock prices, the valuation is attractive. The bank maintained a “buy” rating for Galaxy Entertainment, Sands China, Melco and Expo.