Philippine-listed gambling firm Leisure & Resorts World Corp. (LRWC) see its consolidated net income slide by 17 percent during the third quarter of 2016.

In a regulatory filing, LRWC announced that it posted a consolidated net income of P288.6 million (US$5.77 million) in the July to September 2016 period, much lower than last year’s third quarter consolidated net income of P347.6 million (US$6.96 million).

The decline, according to the company, is mainly due to last year’s significantly higher share in TPI for nonrecurring revenues partially offset by growth of BCGLC from four newly acquired sites, FCLRC from growing revenue of locators, and ABLGI as last year’s revenues were reduced by abatements.

Still, LRWC pointed out that its consolidated net income grew by 11 percent to P888.9 million (US$17.79 million) in the first nine months of 2016 compared to the January to September 2015 consolidated income of P800.6 million (US$16.02 million).