Iao Kun to pay interim dividend in October
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.
Latest News
G2E Asia 2023: Singapore
-
Alfastreet’s new Verso cabinet heading to Asian markets Alfastreet, a manufacturer of electronic gaming machines,... -
Sega Sammy Creation growing land-based, eyes online Casino equipment maker Sega Sammy Creation Inc is tweaking... -
iGaming growing in Asia, ops tackling challenges: Uplatform The iGaming segment in Asia “has grown rapidly” since... -
‘See before you play’ slot marketing tool, say tech... Showing slot machine players – via animations on the... -
Macau stocks tied to China outlook: Bloomberg analyst Macau stocks in likelihood “have been punished too much... -
Investors still eye possible fresh IR locations in Japan:... There are foreign companies still interested in investing... -
Thai casino law possible in 2024, IR in 2030: govt adviser Thailand could pass the necessary enabling legislation for... -
China still ‘critical’ to Asian markets: G2E Asia panel China will remain a key market for Asian gaming... -
Much interest in state casinos sale, says Pagcor boss Alejandro Tengco (pictured in a file photo), chairman and... -
Gaming industry in for a very exciting period: Bill Miller There are “plenty of reasons” for the global gaming... -
IGT flags route to high-performing games for Asia Gaming equipment provider International Game Technology Plc... -
G2E Singapore trade show, conference begins today The Global Gaming Expo (G2E) Asia 2023 Special Edition:... -
Novomatic’s Black Edition II cabinets at G2E in Singapore Austria-based gaming equipment maker and operator Novomatic... -
Uplatform to show latest iGaming products at G2E Singapore Sports betting and online casino operating platform... -
L&W ambition to be No1 in Asia well on its way: SVP... The business performance in Asia of gaming content and... -
G2E Singapore expecting 6k visitors, 100+ exhibitors The organisers of Global Gaming Expo (G2E) Asia 2023... -
‘Dragon Unleashed’ slot link by L&W at G2E in... Gaming content and equipment supplier Light & Wonder... -
Sega Sammy Creation new multi-ETG at G2E in Singapore Casino equipment maker Sega Sammy Creation Inc is to... -
Aristocrat at G2E Asia in Singapore previews Year of Dragon Casino slot machine and digital gaming content provider... -
IGT ‘Prosperity’ link in Asia show debut G2E in... The Global Gaming Expo (G2E) Asia event in Singapore is the... -
Thai parliament adviser on casinos attending G2E Singapore An adviser to a Thailand parliamentary committee mulling...
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Lam Yi Young resigns as deputy CEO Resorts World Sentosa June 2, 2023 
MBS en route to US$500mln quarterly EBITDA: LVS boss June 1, 2023 
China stimulus package could benefit Macau stocks: CBRE June 2, 2023
