Iao Kun Group Holding

    Website: http://ir.ikghcl.com/index.cfm

    IKGH is a holding company which operates through its subsidiaries and related promotion entities that act as VIP room gaming promoters and a collaborator, and is entitled to receive all of the profits of the VIP gaming promoters and a collaborator from VIP gaming rooms. IKGH’s VIP room gaming promoters and collaborator currently participate in the promotion of five major luxury VIP gaming facilities in Macau, China, the largest gaming market in the world. One VIP gaming room is located at the top-tier 5-star hotel, the StarWorld Hotel & Casino in downtown Macau, and another is located in the luxury 5-star hotel, the Galaxy Macau Resort in Cotai, each of which is operated by Galaxy Casino, S.A. Additional VIP gaming rooms are located at the Sands Cotai Central and City of Dreams Macau, both in Cotai, and Le Royal Arc Casino, located in NAPE, Downtown Macau. IKGH recently started trial operations to the Australian casinos (Crown Perth Casino in Perth, Australia and the Crown Melbourne Casino in Melbourne, Australia) to gain a greater understanding of the preferences of its junket agents and VIP players and the logistics of the market.

    Related Articles

    IKGH changes name to LiNiu Technology Group

    Iao Kun Group Holding Company Ltd has announced it is changing its name to LiNiu Technology Group. The name change, effective Thursday, April 27 is believed to further represent the company’s diversification away from the VIP gaming market, and its move into the Chinese agricultural industry. From Thursday, the company will commence trading on NASDAQ […]

    IKGH diversification shakes up management

    Macau junket investor Iao Kun Group Holding Company Ltd. on Thursday announced the resignation of its chairman Lam Man Pou and chief executive officer Vong Hon Kun. Earlier this month, the company noted it was no longer looking to expand its VIP gaming portfolio, instead focusing on investments outside the gaming sector. The management changes […]

    IKGH diversifies out of gaming sector

    Macau junket investor Iao Kun Group Holding Company says it will no longer look to expand its VIP gaming portfolio, instead focusing on investments outside the gaming sector. “Over the last few months, we have conducted an extensive review of our operations and our business strategy in order to right-size IKGH and find a path […]

    Bloomberry sees rise in Chinese visitors; shelves Jeju sale

    Philippine casino operator Bloomberry Resorts saw an increase in Chinese visitors last month, suggesting President Rodrigo Duterte’s lean towards Beijing has started to benefit business, local media reports. According to Bloomberry chairman Enrique Razon, Chinese arrivals at its Solaire casino in Manila rose nearly 140 percent in November and 80 percent in October compared with […]

    Bloomberry to re-operate Jeju Sun, posts record results

    Philippines-listed Bloomberry Resorts Corp posted an all-time record in gross gaming and non-gaming revenues as well as EBITDA for the first nine months of 2016, helped by cost controls and a jump in Q3 VIP revenue.  According to the company’s filing to the Philippine Stock Exchange on Monday, gross gaming revenues grew 14 percent to […]

    Iao Kun revises Q2 loss figure due to bad debt provision

    Iao Kun Group Holding Company, an operator of VIP rooms in Macau, said it expects its Q2 loss to be wider than previously forecast after a review of operations showed about $21.5 million in markers receivable may be at risk. As a result, the company said it will take a non-cash provision for doubtful debts […]

    Iao Kun closes VIP room, says Jeju Sun accord lapses

    Iao Kun Group Holding said it has closed its VIP gaming room at Le Royal Arc Casino as part of a strategic review of its activities in Macau. The company also said that an accord to buy the Jeju Sun Hotel & Casino in South Korea from Bloomberry Resorts has expired. Iao Kun said the […]

    Bloomberry denies extension of Jeju deal closing date

    Casino operator Bloomberry Resorts Corporation has denied agreeing to extend the required closing date for the acquisition of Jeju Sun Hotel & Casino. In its second quarter report published on Monday, Iao Kun Group Holding Company Ltd said “In the interim, the Company and the seller [Bloomberry Resorts Corporation] have agreed to extend the required […]

    IKGH reports widened loss in 16Q2

    VIP gaming promoter and casino operator Iao Kun Group Holding Company Ltd has reported a 51 percent decrease in rolling chip turnover for the second quarter of 2016. According to a press release from the company on Thursday, the operator said rolling chip was $0.9 billion for the second quarter ended June 30, 2016, down […]

    IKGH didn’t close their VIP rooms, we did: Galaxy

    Galaxy Entertainment Group says it was the one to terminate the VIP rooms run by Iao Kun Group Holdings Ltd, after the junket operator breached agreements made with the casino operator. Last week, IKGH announced it has closed its VIP gaming rooms at the Galaxy Macau and StarWorld, effective September 10. In a press release […]

    IKGH receives NASDAQ notification of non-compliance

    Iao Kun Group Holding Company Ltd has announced it is no longer in compliance with the minimum bid price requirement of $1.00 per share set forth by Nasdaq. The junket operator on Tuesday said it has received a written notice from the Listing Qualifications department of The Nasdaq Stock Market, which states that listed securities […]

    IKGH axes another two VIP gaming rooms

    VIP gaming promoter Iao Kun Group Holding Company Ltd on Wednesday announced it has closed its VIP gaming rooms at the Galaxy Macau and StarWorld, effective September 10. The company has terminated its agreements with Sang Heng and Sang Lung Gaming Promotion Ltd. relating to those facilities. In a press release from the junket sent […]

    Iao Kun Group Holding rolling chip down in August

    Junket operator Ian Kun Group Holding Company has announced rolling chip turnover for the month of August was $110 million, down 75 percent year-on-year from $440 million in August 2015. Win rate for the month was 0.63 percent, said the company in its filing. For the first eight months of 2016, IKGH’s rolling chip turnover […]

    IKGH closes Sands VIP room

    Junket operator Iao Kun Group Holding Company Ltd has closed its VIP gaming room at Sands Cotai Central Casino in Macau, effective from the end of August. In a press release, the company said it was “undertaking a comprehensive strategic review of its VIP gaming room operations in Macau due to the ongoing challenging VIP […]

    Junkets headed for further consolidation: Union Gaming

    Gaming-focused brokerage Union Gaming says its long term outlook on Macau’s VIP segment remains negative, forecasting further GGR declines in 2017 even as the mass segment has turned positive. In a note from the brokerage on Wednesday, Union Gaming analysts say real VIP GGR growth rate was notably worse in 16Q2, at a 21.3 percent […]

    IKGH rolling chip down 44 percent in July 2016

    Iao Kun Group Holding Company Ltd has announced unaudited rolling chip turnover for the month of July 2016 was US$250 million, down 44 percent year-on-year compared to US$440 million in July 2015. Win rate for the month of July 2016 was 3.2 percent, said the company in its filing. The results brought IKGH’s rolling chip […]

    Iao Kun Group rolling chip down 45 percent in 16Q1

    VIP room gaming promoter Iao Kun Group Holding Limited has announced rolling chip turnover for 16Q1 was $1.2 billion, down 45 percent year-on-year compared to $2.2 billion in 15Q1. According to the filing, IKGH saw a net loss for the first quarter of 2016 of $3.5 million, compared to a net income of $17.1 million […]

    Iao Kun rolling chip turnover down 68 percent in November

    Iao Kun Group Holding Company Limited announced a 68 percent year-over-year drop on rolling chip turnover for November compared to US$1.05 billion for the same month last year.  The company’s unaudited reports put win rate for last month at 3.62 percent.  Rolling chip turnover for the first 11 months of 2015 reached $6 billion, representing […]

    Iao Kun October rolling chip turnover drops 57 percent

    Iao Kun Group Holding said its rolling chip turnover in October dropped 57 percent year-on-year, but improved from the prior month. Total turnover at the group’s VIP rooms in Macau was $0.47 billion, compared to $1.1 billion the same month last year. The win rate this year was 3.21 percent. However, the year-on-year drop is […]

    Iao Kun semi-annual dividend to be paid on October 19

    Iao Kun Group Holding. a junket room operator, declared that a semi-annual dividend of $0.014 per share will be paid on October 19. The company said that the record date for the 2015 six-month dividend will be October 7, following an announcement that the company’s board of directors had authorized a regular dividend each year […]

    Iao Kun rolling chip turnover down 72 percent in August

    Iao Kun Group Holding, a VIP gaming promoter, announced its rolling chip turnover was $0.44 billion from the company’s VIP rooms in Macau in August, down 72 percent year-on-year. The figure compares to $1.53 billion for August 2014, with the company’s August 2015 win rate at 4.13 percent. For the first eight months of 2015, […]

    Iao Kun Posts Bigger-Than-Expected Q2 Loss, Guides 2015 Lower

    Iao Kun Group, an operator of VIP rooms in Macau, reported a slightly larger loss than expected in Q2 and warned that its rolling chip turnover will be lower in 2015 than previously anticipated. The VIP room gaming promoter said its non-GAAP loss narrowed to $2.2 million or $0.03 per share from a loss of […]

    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 […]

    Iao Kun rolling chip turnover down 60 percent in June

    Iao Kun Group Holding announced rolling chip turnover of $0.54 billion in June at the company’s VIP rooms in Macau, down 60 percent from the same month a year ago, when it pulled in $1.35 billion. For the first six months of 2015, IKGH’s Rolling Chip Turnover was $3.92 billion, down 58 percent year-over-year compared […]

    VIP market to get more intense says Iao Kun

    Junket operator Iao Kun said it expects Macau’s already highly competitive VIP gaming promotion business to get even more intense as numerous new projects, which are currently under construction or development, are due to open beginning in the second quarter of 2015. In an annual report, the company said its VIP rooms are located at […]

    Iao Kun Group swings to profit in Q4, but issues weak 2015 VIP guidance

    Iao Kun Group Holding, a junket room operator, reported it swung to a Q4 profit as revenue increased and expenses fell. The company posted a net profit of $5.7 million, or $0.09 per share, compared with a year-earlier net loss of $5.5 million, or $0.09 per share. Excluding one-time items, the company earned $0.13 per […]

    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 […]

    Junkets face listing challenges on HK Stock Exchange

    Obstacles are facing Macau-based VIP gaming promoters as they seek to list on the Hong Kong Stock Exchange with falling revenues already forcing many operators to quit the once lucrative market. The efforts of Macau-based VIP gaming promoters Iao Kun Group Holdings Co. Ltd. and Sing Hou Entertainment Group Ltd. to list on the Exchange […]
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