Grand Korea Leisure (GKL) doesn’t want to gamble on a casino in case its VIP segment ends up being squeezed by Beijing’s corruption crackdown.

South Korea’s state-run casino operator Grand Korea Leisure Co. has abandoned its plan to apply for a casino license on Yeongjong Island due to shrinking demand from mainland Chinese customers and failed attempts to form a consortium, a senior official told The Korea Herald.

But the company is not completely closing the door, saying that “there is still room for another try if there are opportunities down the road.”

Daiwa Securities Capital analyst Thomas Kwon confirmed the news, noting that GKL had officially scuttled its bid to build a casino resort near Incheon International Airport due to the unfavorable business environment.