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.

 

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

3rd party / Cookies
Show settings
Contact us

ASIA GAMING BRIEF
PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief