Sep 23, 2014 Newsdesk Latest News, Macau, Top of the deck  
Macau casino junket promoter Iao Kun Group Holding Co Ltd says it will pay an interim dividend of US$0.026 per share on October 14. The record date for the 2014 six-month dividend will be October 3, the company said in a statement on Monday.
Nasdaq-listed Iao Kun said last month that the board of directors had approved a regular dividend each year after the release of the company’s financial results for the six months ending June 30. The interim divided this year was reduced from US$0.08 per share paid a year earlier.
The company promotes five VIP rooms in Macau.
Iao Kun recently reported a year-on-year 22-percent drop in revenue, to US$49.7 million, for the three months to June 30. The company said the decrease was due to a win rate of 2.18 percent for the period, below the expected range of 2.7 percent to 3.0 percent.
Since then the win rate has improved. Iao Kun’s win rate for August was 2.50 percent.
Total rolling chip turnover – a metric used by casinos to measure the aggregate amount of player bets and overall volume of VIP gaming room business – for August was US$1.53 billion, the firm said in a statement earlier this month.
May 30, 2023
May 22, 2023
Jun 02, 2023
Jun 02, 2023
Jun 02, 2023
Genting Singapore Ltd says Lam Yi Young has resigned from his role as deputy chief executive of Resorts World at Sentosa Pte Ltd. The latter firm is an indirect wholly owned subsidiary of Genting...Jun 01, 2023
Alfastreet, a manufacturer of electronic gaming machines,...Jun 01, 2023
Casino equipment maker Sega Sammy Creation Inc is tweaking...Jun 01, 2023
The iGaming segment in Asia “has grown rapidly” since...May 31, 2023
Showing slot machine players – via animations on the...May 31, 2023
Macau stocks in likelihood “have been punished too much...May 31, 2023
There are foreign companies still interested in investing...May 31, 2023
Thailand could pass the necessary enabling legislation for...May 30, 2023
China will remain a key market for Asian gaming...May 30, 2023
Alejandro Tengco (pictured in a file photo), chairman and...May 30, 2023
There are “plenty of reasons” for the global gaming...May 30, 2023
Gaming equipment provider International Game Technology Plc...May 30, 2023
The Global Gaming Expo (G2E) Asia 2023 Special Edition:...May 29, 2023
Austria-based gaming equipment maker and operator Novomatic...May 25, 2023
Sports betting and online casino operating platform...May 24, 2023
The business performance in Asia of gaming content and...May 18, 2023
The organisers of Global Gaming Expo (G2E) Asia 2023...May 17, 2023
Gaming content and equipment supplier Light & Wonder...May 16, 2023
Casino equipment maker Sega Sammy Creation Inc is to...May 09, 2023
Casino slot machine and digital gaming content provider...May 05, 2023
The Global Gaming Expo (G2E) Asia event in Singapore is the...May 04, 2023
An adviser to a Thailand parliamentary committee mulling...(Click here for more)
US$8.1 billion
Macau’s casino gross gaming revenue in the five months to May 31