IKGH rolling chip down 49 percent in March

VIP room operator Iao Kun Group says rolling chip turnover for the month of March declined 49 percent year on year.

Rolling chip turnover, which represents the amount of non-negotiable chips purchased by players was reported at $390 million in March 2016, compared to $760 million in the same period in 2015.

For the first three months of 2016, IKGH’s rolling chip turnover was $1.2 billion, down 45 percent year on year, compared to $2.2 billion for the first three months of 2015.

IKGH is a holding company with VIP rooms primarily focused on high stakes baccarat. IKGH operates VIP rooms at several locations including StarWorld Hotel & Casino, Galaxy Macau, Sands Cotai Central, City of Dreams Macau, Le Royal Arc Casino.

In January, IKGH announced it was to start trial operations in Australian casinos to gain a greater understanding of the preferences of its junket agents and VIP players and the logistics of the market.

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