Macau-based casino services firm Macau Legend Development Ltd. reported a HKD175.3 million (US$22.6 million) net loss for the first half of 2016, more than double the HKD68.4 million (US$8.82 million) in the same period last year.

In a filing to the HongKong Stock Exchange on Thursday, the firm attributed its dismal first half performance to a drop in interest income coming from fixed deposits as well as slowing revenue from mass market tables and outsourced VIP tables.

Macau Legend, which operates Babylon Casino at Macau Fisherman’s Wharf and Pharaoh’s Palace Casino at the Landmark Macau on Macau Peninsula, saw its total revenue drop by 4.6 percent to HKD666 million (US$85.9 million) in the first six months of 2016.

Gaming revenue at Macau Legend slid by 6.8 percent to HKD419.4 million (US$54.09 million) in January to June period of 2016 while non-gaming revenue decreased by 0.7% to HK$246.6 million year-on-year.