The financial bleeding of Philippine-listed casino operator Travellers International Hotel Group Inc. (TIHGI) has extended in the third quarter of the year as the deadly arson attack continues to hound Resorts World Manila.

From a PHP1.18 billion (US$24.0 million) profit in 2016, TIHGI came crashing back to earth with a loss of PHP408.9 million (US$8.0 million) in the three months ended September 30, 2017.

Gross gaming revenues for the three months ended September 30, 2017, on the other hand, amounted to PHP3.55 billion (US$69.24 million) from PHP6.2 billion (US$120.92 million) for same period of 2016. Casino revenues were 81.5 percent of total revenues.

The company’s earnings before interest, taxation, depreciation and amortization (EBITDA) for the three months ended September 30 amounted to PHP401.3 million (US$7.83 million), a decline of 78.5 percent in year-on-year terms.