《大行報告》瑞信:澳門博彩法修改諮詢有五項負面解讀 長遠加強監管
瑞信發表報告,澳門博彩法修改將進行公眾諮詢,目前未有立法和招標的時間表,該行認為當中有五項負面解讀。
該行指,第一是由於澳門特區政府提出額外的注資和持股要求,存在股權稀釋風險;第二是派息需要預先批准,損害股東回報;第三是隨著政府代表進入公司監督日常運營,賭場可能需要在未來將社會責任作為更優先的事項,從因減低投資回報率。
瑞信指第四是諮詢文本建議新增非法接受現金或其他款項的存放罪,縮減澳門的貴賓廳或高端中場資金池。第五是在目前行業需求疲軟的基礎上,監管風險增加,該行料拖累濠賭股的估值倍數。
該行表示,今年以來中央政府已經在互聯網和房地產等行業加大了監管和執法力度。澳門政府似乎也可能採取同樣的方向加強監管。
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