A number of industry insiders anticipated that a collapse in the Australian casino space would result from the slowing of China’s economic growth. They argued that Asian high-rollers would stop coming to casinos, causing a drop like what has been seen in Macau. Now, however, industry analysts are indicating that those fears are exaggerated and “overplayed.”

Shares in Macau casinos dropped by around 15% over the past couple of weeks as Chinese high-rollers have not been opening their wallets as much. The slide comes as the trade tensions between the US and China increase, which has resulted in greater uncertainty and a softer Macau economy.

Crown Resorts, The Star, SkyCity and other Australian casinos have been closely monitoring Macau to see if the same trend would take place in their venues. China’s deep-pocket gamblers have been a steady source of revenue that they’re certainly not willing to give up.

However, Morgan Stanley analysts point out that, while the concerns are valid, there is no indication that the casinos are going to suffer the same way as Macau. Recent discussions have resulted in the determination that current trading will remain solid for a number of Australia’s foreign VIP programs.