Net profit of South Korea’s second largest foreigners-only casino operator Grand Korea Leisure (GKL) plunged by 29.7 percent in 2017 as the Chinese restrictions on package tours to South Korea remain in place.

In a filing to the Korea Exchange, GKL announced that its net profit dropped to KRW80.54 billion ($74.1 million) in 2017 compared to the KRW114.34 billion ($105.19 million) profit in 2016.

GKL, which operates three foreigners-only Seven Luck gaming venues, has been battered by Beijing’s decision in early 2017 to restrict Chinese group tours to Korea as protest to the deployment of a U.S. missile system on Korean soil.

Travel agencies hoped that the icy relationship between Beijing and Seoul would thaw following the election of Moon and the scrapping of further missile deployment plans in the country. In December, the Chinese government reportedly changed its mind about loosening restrictions on package tours to South Korea and rejected applications for group tour visas. The move came after the state visit of South Korean President Moon Jae-in to Beijing.