Sands China, a Chinese subsidiary, has seen growth in bulk market gaming sales, which many see as a springboard for a return to growth.

The company also confirmed its second-quarter results missed estimates from game analysts, after posting earnings before interest, taxes, depreciation and amortization.

Sheldon Adelson, chairman of Las Vegas Sands Corporation and Sands China, believes Macau’s casino industry is finally starting to recover, according to Bloomberg, adding on a call with investors, “It looks like stabilization has come. We are very happy that we have a month that has bottomed out and there is no reason to believe that it will not continue.”

The market responded well to Adelson’s positive outlook, with Las Vegas Sands shares in New York up 4.1% to $49.75 and Sands China shares also up 6% to hit a four-month high in Hong Kong. Shares of Galaxy Entertainment Group, Win Macau, and Win Resort also rose.

Macau’s casino industry has looked bad for the past 24 months as the government continues to tighten regulations on the casino industry with the aim of changing its image from a gambling paradise to a welcoming place for families and tourists. This recent shift in the Macau casino industry may also be partly due to the fact that numerous billion-dollar resorts are set to open in the Kotai region this year. Paris Macao, worth $2.7 billion, will open and Win Palace, worth $4.1 billion.파워볼게임

Rob Goldstein, president of Sands China, also reiterated Adelson’s view of Macau’s economic turnaround, saying that good things happened in June, especially on weekends, with game venues crowded. Goldstein believes Macau is slowly turning into the largest mass market for gamblers in the world and maintains hopes that the trend will continue throughout the summer.

Analysts at Sanford C. Bernstein & Co. believe that among all casino operators in Macau, Sands China is best positioned to benefit from the turnaround, as it has a great portfolio of retail, hotel, and conference facilities that can attract mass market and entertainment gamblers who have been the primary drivers of the market turnaround