Things are looking up for Macau in 2017.

Macau’s gaming revenues are forecasted to end the multi-year losing streak this year, although experts still warn that Beijing’s ongoing crackdown is still a threat to the recovery of the world’s largest gambling hub.

January, in particular, is expected to bring the city state’s highest year-on-year growth rate since its recovery trend started in the second half of 2016, according to Union Gaming Securities Asia.

“January is likely to be a big growth month,” Union Gaming analyst Grant Govertsen said in a note. “Even though the January calendar is unfavorable with one fewer Saturday, we expect the growth rate could be the highest yet during the recovery period.”