Casino operator Eldorado Resorts says its “100% focused” on completing its acquisition of rival Caesars Entertainment, which could explain why its operating income fell nearly one-third in Q4.

On Wednesday, the Reno-based Eldorado reported that its revenue in the final three months of 2019 fell nearly 12% year-on-year to $592m, while operating income dipped 32% to $59m and the company booked a net loss of $13.2m for the quarter. All five of the company’s geographic regions were in negative growth mode in Q4, with the biggest declines in the East and South.

On a same-store basis, which ignores Eldorado’s constantly shifting asset portfolio, Q4 revenue was down 4.4%, adjusted earnings improved 0.4% to $146.2m and operating income slumped 32.2%.

Full-year revenue was up 23% to $2.52b, operating income rose 32.2% to $410m, adjusted earnings gained 35% to $697.5m but net income fell 15% to $81m.