• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Iao Kun rolling chip volume plunges 71 pct in April

May 06, 2015 Newsdesk Latest News, Macau, Top of the deck  


Iao Kun rolling chip volume plunges 71 pct in April

Nasdaq-listed Macau VIP gaming room investor Iao Kun Group Holding Co Ltd announced unaudited rolling chip turnover of US$0.5 billion for April, down by 71 percent from a year earlier and a drop of 34 percent from the previous month.

Its win rate for April was 3.48 percent, the firm said in a statement on Tuesday. The company’s quarterly win rates have ranged from 2.2 percent to 4.0 percent from 2011 to 2014.

Iao Kun did not provide any reasons for the slump.

The firm is a mid-sized investor in Macau’s government-licensed VIP gaming promoters. The latter are commonly known as “junket operators”. Iao Kun benefits from the economic activity of five VIP rooms located in several Macau casino resorts.

Rolling chip turnover is a measure used by casinos to judge the aggregate amount of player bets and overall volume of VIP gaming room business.

The Macau market as a whole has registered year-on-year declines in gross gaming revenue (GGR) since June last year – driven by declines both in VIP and mass-market play.

Casino GGR fell 39 percent year-on-year in April, to MOP19.17 billion (US$2.40 billion), extending to 11 months the losing streak in Macau revenue.

For the first four months of 2015, Iao Kun’s rolling chip turnover was US$2.70 billion, an average of US$0.68 billion per month, down 58 percent year-over-year.

The company on May 1 announced an executive reshuffle, including the appointment of a new chief executive, chief operating officer and chief financial officer.

Last month, the firm said it had entered into a memorandum of understanding to expand its operations to Crown Perth Casino and Crown Melbourne Casino, in Australia.


  • tweet
Related articles
  • Macau-based junket at Galaxy Macau VIP gaming zone
    Macau-based junket at Galaxy Macau VIP...

    Jun 23, 2023  

  • Crown Resorts, AUSTRAC agree on US$294mln fine over AML
    Crown Resorts, AUSTRAC agree on...

    May 30, 2023  

More news
  • GEN Malaysia stable outlook, rebound taking its time: Fitch
    GEN Malaysia stable outlook, rebound...

    Sep 21, 2023  

  • Golden Week Macau GGR to be 17pct up on rest of Oct: MS
    Golden Week Macau GGR to be 17pct up on...

    Sep 21, 2023  


Latest News

GEN Malaysia stable outlook, rebound taking its time: Fitch

GEN Malaysia stable outlook, rebound taking its time: Fitch

Sep 21, 2023  

Fitch Ratings Inc has affirmed the long-term issuer default rating of casino operator Genting Malaysia Bhd at ‘BBB’, an investment grade, according to a memo published on Wednesday. The ratings...
Read More
Golden Week Macau GGR to be 17pct up on rest of Oct: MS

Golden Week Macau GGR to be 17pct up on rest of Oct: MS

Sep 21, 2023  

Philippine Senate committee supports ban on POGOs

Philippine Senate committee supports ban on POGOs

Sep 21, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Genting Malaysia’s revenue rebound has been slower than our expectations, and the impact on leverage has been compounded by Empire’s weak metrics”

Akash Gupta, Shiv Kapoor and Hasira De Silva

Analysts at Fitch Ratings



Most Popular

  • No swift resumption of dividends for most Macau ops: GSNo swift resumption of dividends for most Macau ops: GS September 19, 2023
  • Macau logs 3.2mln visitors in Aug, only 4pct from overseasMacau logs 3.2mln visitors in Aug, only 4pct from… September 20, 2023
  • Sept daily Macau GGR rebounds after storms: brokerageSept daily Macau GGR rebounds after storms: brokerage September 18, 2023
  • Hengqin-Macau tour reboot for mainland consumers: MGTOHengqin-Macau tour reboot for mainland consumers: MGTO September 19, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us