After months of having a bearish outlook, analysts are suddenly feeling optimistic about Macau’s casino stocks over the near term.

Financial news website Barron’s Asia reported that analysts are expecting Macau casino stocks to see a summer rally after its prices have fallen 17 percent from their spring highs.

In June, Macau’s gross gaming revenue plunges 8.5% to MOP15.88 billion (US$1.99 billion) – the lowest monthly tally of China’s premier gaming hub since September 2010, when the aggregate for such revenue was MOP15.30 billion [US$ 1.91 billion].

But the story of Macau’s casino will be different and more positive this month compared in June, according to the analysts.