Paradise Co. Ltd. is on a roller coaster – whether or not it is enjoying the ride is a different story. The operator of a foreigner-only casino in South Korea saw its revenue decline in March – the first time in months – before rebounding in April to the positive side. The ups and downs didn’t do much for the company’s bottom line and it has now revealed its first-quarter earnings, showing mostly red.

According to a filing with the Korea Exchange from Tuesday, Paradise Co. showed a net loss attributable to shareholders of around $6.35 million for the quarter. In the same period last year, the company had been able to report a net profit of almost $2.6 million.

The reason for the net loss was due, in part, to a change in how Paradise handles its accounting. The company indicates that it adopted new accounting standards and that this ultimately led to more financial expenses in the quarter.

Paradise pointed out that its revenue increased for the quarter, jumping 12.4% year-on-year to just over $169.24 million. In the first quarter of 2018, that figure was just $150.61 million. The revenue included a 6.4% year-on-year drop in casino sales, which came in at just $72.72 million.