MGM Resorts International is planning a $1.25 billion share buyback after last week’s sharp dip in the stock market.

The casino operator had originally announced plans to repurchase shares Feb. 13. But the company released a statement Saturday saying it had lowered the price it would offer. This creates an opportunity for MGM to buy more stock than expected and could lead to a favorable return for the casino operator, analysts say.

Gaming companies’ stock took a hit last week as investors grew concerned about the likelihood of the new coronavirus spreading across the United States, potentially posing a risk to travel and tourism.