Philippine casino operator Bloomberry Resorts Corp.’s net profit jumped to PHP2.15 billion (US$43.27 million) in the first quarter on the back of a record VIP volume.

Bloomberry announced that the company managed to reverse the PHP1.16 billion (US$23.35 million) net loss it incurred in the same period last year, thanks to a robust gross gaming revenue, which grew 39.7 percent to PHP10.66 billion (US$214.6 million) in January to March 31, 2017 period.

The operator of Solaire Resort & Casino and Jeju Sun Hotel and Casino said in a regulatory filing before the Philippine Stock Exchange on Monday that its revenues from the VIP segment grew 60 percent to PHP5.13 billion (US$103.25 million) during the first three quarters of the year.

Mass tables and slots machines remain vibrant, according to Bloomberry, as both grew 27.1% and 22.4% to PHP2.77 billion (US$55.8 million) and PHP2.75 billion (US$55.3 million), respectively. Earnings before interest, taxes, depreciation, and amortization (EBITDA), meanwhile, grew 161% to P3.157 billion (US$63.54 million).