继2019 年下降3%后，我们预计澳门总博彩收入今年上半年仍将表现疲软，但下半年有望重拾增长。我们预计澳门2020 年总博彩收入同比增长3%，其中中场博彩总收入持续表现强劲，同比有望增长8%；贵宾业务博彩总收入预计同比下降5%，贵宾业务有望于2020 下半年恢复增长。

在发布 《5G 风起，在线教育正当时——在线教育深度系列二》之后，我们近期对疫情期间在线教育行业变化进行深度跟踪，本篇报告突出贡献以下：1）对在线行业近期流量数据进行跟踪&分析；2）设计一手问卷调查（获得800 份全国样本），从实际反馈进一步分析行业及验证行业大逻辑。

板块业绩预告分化明显。24 家上市公司中有12 家公司盈利和12 家公司亏损，且受上市公司亏损规模较大影响，板块整体净利润预告区间为亏损119.65 亿至亏损80.75 亿元。自2018 年12 月审批重启以来，游戏版号在总量控制中有序下发，推动游戏产业规模稳定增长；在市场新游增加、行业景气回升的整体趋势下，游戏公司经营回归正常节奏，新游陆续上线后对公司业绩有明显的提振作用。完美世界、三七互娱、掌趣科技、昆仑万维等公司受益于自研及发行产品的良好表现，业绩实现同比增长。

SAVE tourism is the concept of tourism where a group of tourists visit to a destination in order to engage in learning, research, or volunteer travel. In SAVE tourism travelers tend to be interested in various activities such as building homes, educating poor children, generating employment and more that contributes to the development of local lives. The global SAVE tourism market is analyzed based on its prospect and future growth rate. The report highlights numerous factors that influence the growth of the SAVE tourism market. These include market forecast, drivers, restraints, opportunities, and role of different key players operating in the market. The report is analyzed for SAVE tourism by type such scientist, academics, volunteer and education. Moreover, it focuses on the sales channel segment, which includes travel agent and online .Furthermore, it includes the revenue generated from the sales of SAVE tourism across North America, Europe, Asia-Pacific, and LAMEA.