Genting Malaysia BHD investors are in for a celebration despite seeing a drop in the casino operator’s 2017 profit.

In a disclosure to Bursa Malaysia on Tuesday, Genting Malaysia announced that its fourth quarter profit plunged 74.5 percent to MYR449.4 million (US$114.47 million) from MYR1.69 billion ($430.49 million) in 2016.

The company attributed the lower fourth quarter revenue to the casino operator’s higher impairment losses.

Adjusted earnings before interest, taxation, depreciation, and amortization (EBITDA) of its UK and Egypt operations climbed more than 100 percent to MYR63.8 million ($16.25 million) in the fourth quarter.