Sunday, August 14, 2022

Iao Kun Group Jan. rolling chip turnover plunges 37 percent

Macau junket operator Iao Kun Group Holding said rolling chip turnover plunged 37 percent in January, significantly underperforming the market as a whole.

The company said turnover was $0.81 billion, compared to $1.29 billion for the same month last year. The win rate for the month of January 2015 was 3.76 percent.

The decline is an improvement from the 48 percent drop the group recorded in December, but was worse than the 17.4 percent drop in overall gross gambling revenue in Macau during the month.

Nasdaq-listed Iao Kun is in the process of re-applying for a secondary listing on the Hong Kong Stock Exchange.


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