Philippine-listed Leisure and Resorts World Corp. (LRWC) consolidated revenue for 2015 was up by almost 40 percent at PHP9.5 billion (US$206 million) year-on-year, despite a drop in income from its casino operations.

In a filing with the Philippine Stock Exchange, the company—which has several interests related to land-based and online gambling—said its earnings last year reached PHP1.03 billion, a 37 percent increase from the PHP750 million in 2014.

LRWC’s online gaming business at the Cagayan Freeport accounted for about half of the company’s full-year profit. First Cagayan Leisure and Resorts Corp., the master licensor for online gambling at Cagayan Freeport, reported a 19 percent increase from PHP432 million in 2014 to PHP516 million last year.

LWRC owns 69.68 percent of First Cagayan Leisure and Resorts Corp. The company also manages bingo halls and outlets via a subsidiary.