Saipan casino operator Imperial Pacific International (IPI) is once again warning investors that turning a profit is beyond its capacity at present.

On Friday, the Hong Kong-listed IPI issued a profit warning, saying that it expects to record a net loss when it hands in its 2018 financial report card on March 31. The company attributed the expected loss to falling revenue and the impairment of trade receivables, aka uncollectable gambling debts from high rollers either unwilling or unable to honor their markers.

IPI’s last profit warning came in August, ahead of the company’s H1 2018 report, which eventually revealed a 91.3% decline in profits to just HK$79m (US$10m). That report also featured the company writing off the staggering sum of $733m in uncollectable VIP gambling debts, nearly half of which was owed by just 10 clients.

As the saying goes, if it wasn’t for bad luck, IPI wouldn’t have any luck at all. The past year saw significant turnover in the company’s senior management ranks, labor unrest that contributed to missed deadlines for completion of its permanent resort (pictured), payroll hiccups and even a typhoon-related halt in operations. By November, IPI was forced to publicly refute rumors that the company was teetering on the brink of bankruptcy.