Junket Iao Kun posts 7-pct jump in rolling chip for July
Nasdaq-listed Macau casino junket promoter Iao Kun Group Holding Company Ltd posted rolling chip turnover of US$1.60 billion for July, up 7 percent in year-on-year terms. The win rate for the month was 2.32 percent, the company said in a statement issued on Monday.
Market-wide, casino gross gaming revenue in Macau dropped 3.6 percent in July from one year before, the city’s gaming regulator announced last week. Several analysts blamed the decrease on a decline in VIP play.
For the first seven months of 2014, Iao Kun’s rolling chip turnover was US$11.03 billion, an average of US$1.58 billion per month and up 10 percent in year-on-year terms, the company said.
Iao Kun operates five VIP rooms in Macau, located at StarWorld, Galaxy Macau, Sands Cotai Central, City of Dreams and Le Royal Arc.
The company in June made a formal application to list in Hong Kong.
Related articles
Sponsored Feature
Latest News
Features
-
Macau Peninsula to become 2nd-tier casino hub: analyst Macau’s traditional gaming zone on downtown peninsula... -
Manila casino attack gives sector pause Management at two major casino venues in the Philippine... -
Virtual sports, next big thing in Macau casino market? Hong Kong-listed casino equipment supplier Paradise... -
Still room for improvement at Studio City: pundits As Studio City – the US$3.2-billion, 2015 addition to... -
Fantan to baccarat: a new book on Macau gaming law Macau’s pacapio Chinese lottery game will celebrate its...
Sign up to our FREE Newsletter
(Click here for more)
Most Popular
Philippine casino demand outstrips supply: MS August 17, 2017 
Junket investor Suncity launches player history app August 17, 2017 
New Manila casino resort open in 2020: Genting HK August 18, 2017