Jun 05, 2014 Newsdesk Latest News, Macau, Top of the deck  
Macau VIP room promoter Iao Kun Group Holding Co Ltd’s rolling chip turnover was US$1.59 billion in May, down 4 percent from US$1.66 billion a year earlier.
In a statement on Wednesday, Iao Kun announced that the May win rate was 2.32 percent.
The company attributed the fall in rolling chip turnover “to severe rainstorms for nearly 10 days in mid-May” in Macau, Hong Kong and Guangdong province.
In the first five months of this year, Iao Kun’s rolling chip turnover was US$8.08 billion, an average of US$1.62 billion per month, up 12 percent year-on-year, the Nasdaq-listed company said.
Iao Kun runs five VIP gaming rooms in Macau, namely at the StarWorld Hotel and Casino, the Galaxy Macau, Sands Cotai Central, the City of Dreams Macau and Le Royal Arc Casino.
VIP baccarat accounted for 63.7 percent of total gaming revenue in the first quarter of this year, according to the latest official data available.
The company announced last month that profit for the first quarter was down by 54 percent to US$3.2 million. It also said it still plans to complete its Hong Kong dual listing by the end of the third quarter of this year.
May 11, 2022
May 11, 2022
May 25, 2022
May 25, 2022
May 25, 2022
Travellers International Hotel Group Inc, the owner and operator of the Resorts World Manila casino resort (pictured), reported first-quarter gross gaming revenue (GGR) of PHP6.5 billion (US$124.4...
(Click here for more)
”If China’s travel easing gets delayed to the second half of 2023 [Macau operator’s aggregate net debt] could rise another US$2 billion, to US$27 billion by end-2023"
Praveen Choudhary, Gareth Leung and Thomas Allen
Analysts at Morgan Stanley banking group