MGM China Holdings has released its fourth-quarter financial report today and things are looking good. The company reported revenue for the quarter of $685.1 million, an increase of 33.2% over the same period last year. One of the main drivers behind the success was the company’s second property in Macau, the MGM Cotai.

EBITDA (earnings before interest, taxes, depreciation and amortization) for the quarter increased by 9.1% year-on-year to reach $179.67 million. For the fourth quarter of 2017, it was $164.38 million.

Aggregate revenue for the entire year jumped 32.6% year-on-year to $2.44 billion. The full-year EBITDA was round $616.75 million, a considerable increase above the $584.91 million seen in the year prior.

The MGM Cotai opened in February of last year, helping the company find a considerable boost in revenue. Prior to that, only the MGM Macau on the Macau peninsula had been in operation.