International credit-debt watcher Fitch Ratings is managing its expectation on Macau gaming industry, despite the signs of life that the former Portuguese enclave shows in the past few months.

Fitch analysts Alex Bumazhny, Colin Mansfield, and Vicky Melbourne predict in its recent report that Macau will see a turnaround in terms of it gross gaming revenues after experiencing a lackluster 2016.

They said that Macau’s growth will be fueled by the continued recovery of its VIP player and premium mass segments, the stabilization in China’s economic growth, and the opening of new casino resorts.

The US$4.2 billion Wynn Palace on the Cotai Strip and the US$3 billion The Parisian Macau provided the needed boost for Macau’s GGR last year, ending more than 20 consecutive months of gambling slump.