Malaysia-listed conglomerate Genting Malaysia BHD may see its profits rise in 2018 on the back of stabilizing VIP win rates and gaming volumes, according to analysts.

Citing a recent Maybank research, The Star Online reported that Resorts World Genting’s (RWG) VIP gross gaming revenue (GGR) may grow 24 percent this year while its mass market GGR may grow 14 percent.

The growth of both VIP and mass market GGRs depends on RWG’s win rate and gaming volume, which Maybank expects to “normalize” this year.

Genting Singapore, meanwhile, will also enjoy a robust earnings this year as the casino operator shifts from cost rationalization in 2017 to VIP market recovery in 2018, according to Maybank.