High rollers in Macau fail to lift the first quarter earnings of casino services firm Macau Legend Development Ltd, which has dipped by as much as 3.7 percent to HK$350.6 million (US$ 45.15 million).

Macau Legend’s total revenue was dragged down by a 52.2 percent, year-on-year decline in adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) to HKD35.8 million (US$4.6 million).

Reflecting the negative sentiment in the region, Macau gross gaming revenue for the first three months of 2016 declined by 13.3% year-on-year.

Gross gaming revenue of Macau Legend’s self-run VIP operation, New Legend rose by 58.3 percent, year-on-year to HK$80.6 (US$ 10.38 million), despite facing a challenging gaming landscape.