Jul 04, 2014 Newsdesk Latest News, Macau  
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, 2024
Jul 09, 2024
Jul 26, 2024
Jul 26, 2024
Jul 26, 2024
Border-casino operator Donaco International Ltd has achieved a 164.17-percent year-on-year increase in its latest quarterly group earnings before interest, taxation, depreciation and amortisation...(Click here for more)
”We’ve got more traction outside of Macau at the moment. But Macau’s going be a bigger focus for us”
David Punter
Regional representative at Konami Australia