Looks like the party will soon be over even before things heat up in Macau.

Analysts are bracing themselves for a slower VIP gambling in Macau in the following months as the Chinese economy cools down.

Japanese credit debt watcher Nomura sounded alarm bells that Macau’s VIP gambling may be heading for a slowdown in the remaining six months of the year as China’s total social financing dropped 24 percent in May to RMB 1.06 trillion (US$155.2 billion).

The Chinese government uses the total social financing as an economic barometer while most brokerages consider it as a proxy for the performance of the Macau VIP gambling segment.