Macau casino junket investor Iao Kun Group Holding Ltd (IKGH) began 2016 the way it finished 2015: in the dumps.

On Wednesday, IKGH announced that rolling chip turnover at its Macau VIP gaming room operations came to $330m in January. That’s a 59% decline from the same month last year, only slightly better than the 61% decline IKGH reported in its annual turnover last year.

Making matters worse, IKGH’s win rate in January was 2.31%, well below the theoretical win range of 2.7% to 3%. So IKGH’s share of a dramatically shrinking pie also shrunk dramatically last month.

IKGH has a stake in five VIP rooms in Macau, as well as more recent ties to two Crown Resorts casinos in Australia. IKGH has yet to incorporate data from its Australian operations into its monthly reports.