GGRAsia – Junket Iao Kun posts 7-pct jump in rolling chip for July

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()

Junket Iao Kun posts 7-pct jump in rolling chip for July

Aug 05, 2014 Newsdesk Latest News, Macau, Top of the deck

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

EGM contribution growing steadily in...
Nov 15, 2018
Interblock multi-games in Macau likely...
Nov 14, 2018

More news

No news on licence refreshment in Macau...
Nov 15, 2018
Macau ops not to force staff into...
Nov 15, 2018

E-Sports and potential to bring millennials to casinos
Sep 19, 2018

Nowadays, millennials, people who were born in the 1980s or...
Food and drink major non-gaming push: Macau casino ops
Aug 16, 2018

Food and drink have been heavily marketed as part of Macau...
Macau law needs revamp to allow more concessions: experts
Jun 27, 2018

Macau’s gaming law needs to be amended in order to...

No news on licence refreshment in Macau policy address

No news on licence refreshment in Macau policy address

Nov 15, 2018

Macau’s Chief Executive, Fernando Chui Sai On (pictured), delivered on Thursday the local government’s policy address for 2019, but the city’s leader provided no guidance regarding what...

EGM contribution growing steadily in Macau: MGS panel

EGM contribution growing steadily in Macau: MGS panel

Nov 15, 2018

Macau ops not to force staff into public holiday plan: govt

Macau ops not to force staff into public holiday plan: govt

Nov 15, 2018

AGEM Index down mth-o-mth, ends 36 mths of yr-o-yr ups

AGEM Index down mth-o-mth, ends 36 mths of yr-o-yr ups

Nov 15, 2018