Nasdaq-listed Macau casino junket promoter Iao Kun Group Holding Company Ltd – which on June 26 said it had formally applied for a dual listing in Hong Kong – has announced rolling chip turnover for June up 2 percent year-on-year, at US$1.35 billion.
Union Gaming Research Macau Ltd said in a note on Tuesday that market-wide in Macau, VIP revenue – a different measure for the high roller segment – was down approximately 20 percent in June.
Iao Kun stated on Thursday that for the first six months of 2014, the group’s rolling chip turnover from VIP operations was US$9.43 billion – an average of US$1.57 billion per month – up 10 percent year-on-year, compared to US$8.54 billion for the first six months of 2013.
Since September 1, 2012, all Iao Kun VIP rooms have been on a revenue sharing remuneration model, the company reiterated in its latest results statement.
Iao Kun’s VIP room gaming promoters currently operate in five VIP rooms in Macau.
Jul 16, 2018Casino gross gaming revenue (GGR) in Macau’s VIP segment expanded by 14.4 percent year-on-year in the second quarter of 2018, to MOP41.04 billion (US$5.13 billion), according to data released on...
Jul 16, 2018
"The President [Rodrigo Duterte] had already decided and announced that no construction of a casino on Boracay will be allowed”
Secretary Eduardo Año
Officer-in-charge at the Philippine Department of Local and Interior Government