Malaysian officials hinted last week at possibly raising taxes in an effort to reverse a shrinking government bank account. The last time gaming taxes changed in the country was in 1998 when they increased from 22% to 25%, so a 20-year update is not out of the question. However, any increase, if it comes, won’t be a problem for at least one casino in the country, according to market analysts.

Two analysis firms, Maybank Kim Eng Research and Nomura International, said in research notes this week that Genting Malaysia is in a strong enough position that an increase won’t seriously impact its bottom line. They both alluded to the fact the markets typically factor in price increases as they prepare their forecasts.

After word started circulating that taxes might increase, Genting, which operates Resorts World Genting in Malaysia, almost immediately saw a negative impact. Markets showed that the company’s stock dipped by 9% since the beginning of this month.

Nomura indicated in its note that the company’s earnings will more than likely continue to grow, even if a new tax structure is introduced to the gaming industry by the government. It added that the recent price dip was a response only to the rumor of a possible tax increase and didn’t consider the revenue growth potential of the company.