Casino operator Genting Malaysia suffered an impairment loss of MYR1.83 billion ($439.9 million) related to its investment in a Massachusetts tribal casino, making for a net loss of MYR1.5 billion ($362.6 million) for the third quarter.

In contrast, the company had posted a profit of MYR172.7 million ($41.4 million) for the third quarter of 2017.

According to its filing at the Malaysian Stock Exchange, third-quarter revenue rose 14.5% year on year, to MYR2.6 billion ($623.2 million). Of this, MYR2.6 billion ($614.2 million) came from the leisure and hospitality segment, where Malaysian operations contributed MYR1.7 billion ($408.8 million). The increase, the company said, was “mainly driven by higher volume of business in the mass market segment following the opening of new facilities and attractions under the Genting Integrated Tourism Plan (GITP) which have been well received.”

Gross profit for the third quarter jumped 54% to MYR761.1 million ($182.3 million).