Casino operator Melco Crown Entertainment (MCE) is mulling a $1b buyout of its hedge fund partners in the new Studio City resort in Macau.

MCE delivered its Q4 and FY15 earnings report on Thursday, which showed Q4 revenue falling 6% to $1.06b while earnings fell 15% to $236.4m, resulting in a net loss of $12.3m compared to a $93m profit in Q4 2014. For the year as a whole, MCE’s revenue fell one-sixth to $4b while profits fell to $105.7m from $608.3m in 2014.

MCE CEO Lawrence Ho (pictured) praised his company’s ability to withstand the “still challenging” environment in Macau and while MCE didn’t declare a dividend in Q4, Ho announced a special dividend of $350m as a way of demonstrating the company’s “impressive cash flow generation” and “strong balance sheet.”

MCE’s new Studio City resort, which opened in Macau at the end of October, reported revenue of $123.2m and earnings of $12.6m. The property famously opened with no VIP tables, but boasted mass market table drop of $385.3m, gaming machine handle of $265m and non-gaming revenue of $37.8m.