International credit watcher Fitch Ratings raised its outlook on Macau’s gross gaming revenue (GGR) for 2018 on the back of a robust mass market segment.

In a statement, Fitch revised its earlier conservative forecast of 11 percent GGR growth rate to 13 percent as it forecast higher gaming and hotel room inventory from some of the city state’s Cotai casino resorts.

However, Macau’s GGR growth for 2018 will be slower than the 19 percent growth it posted in 2017.

The brokerage firm cited the openings of MGM Cotai this month, the Morpheus tower at City of Dreams this spring and the conversion of rooms to suites at the Parisian throughout 2018.