Kangwon Land Inc. released its financial statement for the second quarter of the year last week and the numbers weren’t that great. The company indicated that the net profit for the quarter was just under $84.1 million, down 14% over the same period last year. Kangwon Land, about 93 miles from Seoul, is the only casino in South Korea that is open to local gamblers.

Sales revenue in Q2 dropped 9.2% to $299.7 million. For Q2 2017, it had picked up a little more than $330 million. The casino also stated that its operating income slid downward 15.1% to about $101.7 million.

Gaming sales were $275.47 million, a decline of 9.1%. All gaming segments at the casino saw drops, with the largest coming from its “Membership Club.” The club reported a 18.1% decline with $24.25 million brought in. Its mass gaming segment fell to $134.1 million, a drop of 9.4%. Non-gaming revenue also fell, down 9.5% to $24.24 million.

According to JP Morgan Securities analysts DS Kim and Sean Zhuang, “Kangwon reported an earnings miss (-5 percent versus consensus) with poor details, though it was not a complete surprise,” said brokerage JP Morgan Securities (Asia Pacific) Ltd. “On the bright(er) side, we think the trend is unlikely to get much worse from here. The poor results reflect regulatory headwinds, such as the revenue cap [policy], reduction in tables count and operating hours, tighter VIP membership criteria, and shortage of dealers (Kangwon had to lay off 200+ staff amid HR scandal).”

On the heels of several new lottery contracts in the country, China’s AGTech Holdings has seen an upswing in its profits. The company reported that its numbers had improved for the first half of the year and that it had taken in a profit of $20 million over the period.

In addition to the successful deals, AGTech also indicated that the improvement stemmed from a number of non-cash and non-operating items tied to convertible bonds and payables as part of the Score Value Transaction. The total revenue for the company climbed by 14% to $7.8 million, driven by increases in revenue from its lottery operations.

AGTech’s lottery hardware business skyrocketed by 43.5% and lottery games and systems-related operations jumped 40.8%. Over the prior-year period, a 190.1% increase was seen for the company’s distribution and ancillary services. Despite the jumps, AGTech’s board didn’t recommend paying an interim dividend.

Given the company’s recent expansion in China with new contracts, AGTech feels that it is in a great position to participate in both mobile and online lotteries in the country, pending the removal of a ban on online lottery ticket distribution. Until that happens, the company hopes to continue its overseas expansion plans through acquisitions.

Scientific Games (SG) was ordered to hand over $315 million to four different companies as a result of litigation stemming from a patent dispute. A jury last week determined that the US-based company had bullied a smaller company to keep it from introducing a competing automatic card-shuffling device, resulting in the sizeable financial penalty. SG isn’t giving in just yet, though, and will more than likely fight the settlement.

Shuffle Tech International, along with three other plaintiffs, argued that SG kept them out of the market using “sham patent litigation against any competitor that dared to market competitive card shufflers.” The jury agreed and awarded the companies $105 million. The judge presiding over the case apparently felt that the amount was too little and subsequently tripled it. The amount ordered is equal to around 10% of SG’s market capitalization.

Following the announcement of the verdict, SG filed a statement with the US Securities and Exchange Commission (SEC), in which it said that the jury had incorrectly decided the case, and that it plans on seeking a review.

Union Gaming expects that the appeal could help the company’s situation. SG analyst John DeCree believes that an appeal could result in either the company not having to pay for at least another 18 months, or that it could reduce the monetary award. Additionally, suggests DeCree, it could result in the verdict being thrown out completely.