Iao Kun rolling chip turnover down 72 percent in July

Iao Kun Group Holding, a VIP room gaming promoter, announced its unaudited rolling chip turnover at its Macau rooms for July was $0.44 billion, down 72 percent year-on-year.

The figure compares to rolling chip turnover of $1.60 billion for July 2014. Win rate for the month of July 2015 was 4.52 percent.

For the first seven months of 2015, IKGH’s rolling chip turnover was $4.36 billion, an average of $0.62 billion per month, down 61 percent YoY. The figure compares to $11.03 billion, an average of $1.58 billion per month, for the first seven months of 2014.

The company’s VIP rooms are primarily focused on high stakes baccarat. Baccarat accounts for approximately 88 percent of total Macau casino winnings according to the Macau Gaming Inspection and Coordination Bureau.

 

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