Macau casino operator Galaxy Entertainment Group (GEG) saw fewer VIP gamblers in the final quarter, and even playing extra lucky couldn’t save the company from a full-year revenue and earnings decline.

Figures released this week show the Hong Kong-listed GEG generated gaming revenue of HK$10.74b (US$1.34b) in the final three months of 2019, an 11.4% decline from Q4 2018. Non-gaming revenue was essentially flat and the construction materials unit did what it could, but adjusted earnings fell 6.5% to HK$4.05b ($519.6m).

Like most Macau casino operators, GEG’s VIP turnover was on the decline in Q4, falling 35% year-on-year to HK$169b. VIP win rose 0.3 points to 3.8%, but VIP revenue still fell 28.4% to HK$6.46b. Similarly, mass table drop fell while the win rate rose, leaving mass table revenue flat at HK$7.3b. Electronic gaming volume and win were largely flat, as was revenue at HK$659m.

GEG’s flagship Galaxy Macau property bore the brunt of these declines, pushing the property’s revenue down 10% to HK$9.33b and earnings down 6.4% to HK$3.2b. On the plus side, the property’s five hotels enjoyed “virtually 100%” occupancy.