The City of Dreams Manila remains to be one of the financial nutrients that could sustain Melco Crown Entertainment as its Macau gambling arm continues to recover.

In its last Wednesday’s note, Japan-based credit analyst Nomura expressed its optimism on City of Dream’s Manila due to the country’s resilient junket and VIP demand. The firms expects a better, fourth quarter 2016 data coming from the City of Dreams, it said.

Nomura Analysts Harry C. Curtis, Daniel Adam and Brian H. Dobson all predicted that the overall demand in the Manila gaming market “may continue to increase more than the supply growth”

“Despite political pressure on Chinese nationals and increased violence related to the Philippine government’s crackdown on drug traffickers, we estimate market revenues grew in excess of 40 percent in fourth quarter 2016,” the credit-debt watcher pointed out.