Penn National Gaming (PNG) managed to close out 2020 on a positive note, reporting a net income for the fourth quarter. That’s an improvement on 2019’s Q4 net loss, but still feel behind analyst expectations.

PNG’s net income came in at $12.7 million, or 7 cents a share. That resulted off of revenue of $1.027 billion, and improved on the $92.9 million loss of Q4 2019.

While total revenue was down from the $1.341 billion of 2019, cost cutting helped result in black at the bottom of the report.

The company’s West segment, which consists of the Tropicana and M Resort in Southern Nevada, Cactus Pete’s and Horseshu in Jackpot on the Nevada-Idaho border, Ameristar Black Hawk in Colorado and the Zia Park Casino in New Mexico, reported $79.5 million in revenue, down from $158.1 million for 2019. For the year, West segment revenue was $302.5 million, down from $642.5 million.