On March 17, Gamesys Group reported gaming revenue for 2019 rose by 34.7% over the previous year. That was the good news. The bad news was that the company still experienced a decline in net income, due to higher spending and foreign exchange fluctuations.

In a financial statement released by the company, Gamesys reported that gaming revenue for the 12-month period amounted to £415.1 million. That was a significant increase of nearly £107 million over 2018.

The U.K. continued to prove to be the company’s main source of revenue, as the country provided £214.6 million of the total revenue, a 30.9% increase over the previous year. There were positive results in Asia as well, which saw a 137.2% increase over the previous year, or about £122.4 million.

The news was not good everywhere, however. Across Europe, gaming revenues fell by 13.5% to a total of £68.6 million, while the revenue for the rest of the world slipped by 29.1% to £9.5 million.