Australian casino operator The Star Entertainment Group is celebrating its fiscal year results despite taking a beating from VIP gamblers on a hot streak.

On Thursday, The Star delivered its preliminary final report on its performance in the 12 months ending June 30, which saw revenue rise 6% year-on-year to a record AU$2.6b (US$1.9b), while earnings slipped 19.2% to AU$484.4m and net profit after tax (NPAT) tumbled 44% to AU$148.1m.

In addition to their statutory figures, Aussie gaming firms utilize a metric known as ‘normalized’ results, which assumes a constant VIP gambling win rate, on the assertion that this provides a more accurate picture of the situation. Applying this filter, The Star’s revenue was up 15.3%, earnings gained 14.3% and NPAT rose 20.3%.

The Star also noted that its statutory NPAT suffered from AU$37m in significant items, including debt restructuring and expenses related to the launch of its refurbished Gold Coast property.