According to a research report released by Goldman Sachs on the Smart Finance App, assuming typical seasonal factors, it is expected that Macau's total gambling revenue (GGR) in the second quarter of 2024 will remain flat quarter by quarter, with Galaxy Entertainment (00027) and Melco Resorts and Entertainment's shares increasing, while MGM China (02282) and Wynn Macau (01128) will decrease. Sands China (01928) and SJM Holdings (00880) will remain relatively stable, but Goldman Sachs believes that Galaxy Entertainment has not yet fully reflected the sustainable 20% market share of potential gaming revenue after its 20% rebound from the bottom in early May.

The bank reiterated that Galaxy Entertainment is its top stock pick in the casino sector and rated Sands China, SJM and Melco Resorts and Entertainment as "buy", and said that during the corporate day event, they received multiple casino companies, and most investors' questions focused on the potential impact of expanding the Individual Visit Scheme (IVS) policy for Hong Kong and Macau, cracking down on illegal currency exchange, reducing free food or drink supply, and dividend or capital return policies. The bank continued to believe that Macau stocks have good value at their current levels and have not yet reflected the potential upside from relaxed visa policies and more rational competition.