Casino operator Melco Resorts & Entertainment (MRE) was firing on all cylinders in the first quarter of 2017, with strong results in both Macau and Manila.

Figures released Thursday show MRE (formerly known as Melco Crown Entertainment) generating revenue of $1.277b in the three months ending March 31, a 16% rise over the same period last year. Adjusted earnings were up 42% to $353.3m and profit nearly tripled to $113.4m.

The gains were down to a number of factors, including a fully ramped up Studio City, which was still finding its feet in Q1 2016 after opening in Macau the previous October, a market-wide rebound in Macau’s VIP gaming sector and another record performance by City of Dreams Manila.

The original City of Dreams in Macau remains MRE’s flagship property, although its revenue was up only a modest 2% to $693m and earnings rose 4% to $213.5m. VIP turnover rose more than one quarter, although this gain was blunted as VIP win fell half a point to 2.7%. The property’s mass table drop and gaming machine handle both suffered modest declines.