Profits of Hong Kong-listed casino investor Landing International grew more than four-fold in the first six half of 2018, as the company’s bet on the casino industry paid off.

Financial records showed that Landing International’s profit rose to HKD280.57 million ($35.7 million) in the first six months of 2018 from HKD48.58 million ($6.19 million) in the same period in 2017.

The company also registered a significant jump in its consolidated revenue in H1 2018, rising by as much as 360 percent to HKD1.75 billion ($222.95 million) from HKD381 million ($48.54 million) year-on-year.

Adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) from the group’s operating segments reached HKD764.7 million in the first half of the year. From a HKD45 million ($5.73 million) EBITDA loss in H1 2017, Landing announced that it managed to post an adjusted EBITDA of around HKD764.7 million ($97.42 million) in the six months to June 30, 2018.