South Korean casino operator Grand Korea Leisure (GKL) has spent most of 2017 getting beat up by Chinese politicians and domestic competitors.

GKL’s second quarter earnings report was released this week, and it made for grim reading. Revenue in the three months ending June 30 was down 15% to KRW 109.7b (US $97.2m), operating income fell nearly 44% to KRW 17.6b and net income sank nearly 40% to KRW 15.4b.

GKL’s downward trajectory mirrors its Q1 figures, which saw net income fall over one-third. For the year to date, GKL’s revenue is down 11.5% while profits are 37% lower than at the same point last year. Despite the fiscal carnage, GKL announced it would issue an interim dividend this month of KRW 130 per share, for a total payout of KRW 8b.

Like most Korean casino operators, GKL, which operates three foreigner-only Seven Luck gaming venues – two in Seoul and one in Busan – has been battered by Beijing’s decision earlier this year to restrict Chinese group tours to Korea to protest the deployment of a US missile system on Korean soil.