Hong Kong-listed casino operator Melco Resorts & Entertainment Ltd. posted better-than-expected earnings in the first three months of 2018, but its revenue marginally missed most financial analysts’ estimates.

In a regulatory filing, the Asian casino operator announced that its net revenue grew by 3 percent to US$1.31 billion in the three months to March 2018 from the recorded US$1.27 billion during the comparable period in 2017.

The growth was fueled by higher group-wide gross gaming revenue (GGR) in all gaming segments, according to Melco. The casino operator’s revenue, however, slightly missed the $1.32 billion estimates of financial analysts.

Melco’s earnings is a different story, growing to US$156.6 million or US$0.32 per ADS (American Depository Share) from last year’s US$113.4 million or US$0.23 per ADS. The earnings beat analysts’ estimates of US$0.28 per ADS. The dividend will be paid on May 23, according to Melco.