Casino operator Genting Singapore has narrowed its net loss by 38 percent in the second quarter as weaker VIP segment continues to drag its revenues down.

Genting Singapore, which operates Resorts World Sentosa casino resort in Singapore, reported in a filing to the Singapore Stock Exchange that it incurred S$10.5 million (US$7.8 million) net loss for the three months to June due to a substantial drop in gaming revenue from its integrated resort.

The 2016 second quarter net loss of Genting Singapore was narrower than the S$16.9 million (US$12.6 million) net loss recorded in the year-ago period.

“The Asian gaming market continues to face challenges. RWS has been able to maintain good earnings in the mass and premium mass market despite a weak environment. However, our premium market has been significantly impacted by a low win percentage,” Genting Singapore said.