Vietnam’s decision to lift the ban on locals’ gambling in casinos has sparked hope that the local industry will soon witness a boom.

The country’s casino industry has long been touted as “lucrative,” and reports indicate that it will benefit more once the long-running ban on gambling has been lifted. But are Vietnam’s casinos really as profitable as what they say?

Apparently, that’s not the case.

Local casino owners revealed to news outlet VNExpress that “they either losing money or making very little because foreigners, especially those from China and Taiwan, are becoming less inclined to gamble in Vietnam.”