• 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

Junket firm Iao Kun announces 2014 annual dividend

May 25, 2015 Newsdesk Industry Talk, Latest News, Top of the deck  


Junket firm Iao Kun announces 2014 annual dividend

Nasdaq-listed Macau VIP gaming room investor Iao Kun Group Holding Co Ltd has declared an annual cash dividend of US$0.0169 per share.

The dividend will be payable on June 22, 2015, to those recorded as shareholders as of the close of business on June 5, 2015, the firm said on Friday.

The company had previously announced a total “semi-annual dividend” equal to 15 percent of the firm’s net income for the six months ended June 30, 2014.

For the whole of 2014, Iao Kun had a net loss of US$60.1 million, compared to net income of US$5.4 million for 2013.

Iao Kun is a mid-sized investor in Macau’s government-licensed VIP gaming promoters, also commonly known as ‘junket operators’. It benefits from the economic activity of five VIP rooms in several Macau casino resorts

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 15 said it had completed a deal allowing it to expand its casino junket operations to Crown Perth Casino and to Crown Melbourne Casino, in Australia.


  • tweet
Related articles
  • Macau has 37 junkets still in market: regulator
    Macau has 37 junkets still in market:...

    Mar 31, 2022  

  • Macau Golden Group ends all VIP ops on March 30
    Macau Golden Group ends all VIP ops on...

    Mar 29, 2022  

More news
  • Success Universe 1H loss to double, Ponte 16 ops improving
    Success Universe 1H loss to double,...

    Aug 15, 2022  

  • Casino op NagaCorp repurchases fraction 2024 senior notes
    Casino op NagaCorp repurchases fraction...

    Aug 15, 2022  


Latest News

Success Universe 1H loss to double, Ponte 16 ops improving

Success Universe 1H loss to double, Ponte 16 ops improving

Aug 15, 2022  

Success Universe Group Ltd, an investor in Macau casino hotel Ponte 16 (pictured in a file photo), says it expects the firm’s consolidated loss for the first half to be at least double – and...
Read More
Casino op NagaCorp repurchases fraction 2024 senior notes

Casino op NagaCorp repurchases fraction 2024 senior notes

Aug 15, 2022  

Gaming tech specialist Asia Pioneer 1H loss up 4pct y-o-y

Gaming tech specialist Asia Pioneer 1H loss up 4pct y-o-y

Aug 15, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


US$9.3 million

Second-quarter gaming sales at Jeju Dream Tower casino resort in South Korea



Most Popular

  • Wenzhou court hears bet crime cases said tied to Alvin ChauWenzhou court hears bet crime cases said tied to Alvin Chau August 12, 2022
  • No-interest play deposits ok for casinos says Macau billNo-interest play deposits ok for casinos says Macau bill August 12, 2022
  • GEN Singapore 1H profit down, sales costs rise 34pctGEN Singapore 1H profit down, sales costs rise 34pct August 12, 2022
  • No criminal action on claims Okada falsified TRLEI docsNo criminal action on claims Okada falsified TRLEI docs August 12, 2022
  • Number of workers in Macau gaming down 4pct q-o-q in 2QNumber of workers in Macau gaming down 4pct q-o-q in 2Q August 12, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us