Iao Kun Feb. rolling chip turnover rises 34 percent

    Iao Kun Group Holding Company, which owns VIP room gaming promoters, said February unaudited Rolling Chip Turnover in Macau rose 34 percent to $1.73 billion, Win rate for the month of February 2014 was 3.60%. The company said as of September 1, 2012, all its VIP rooms have been operating on a revenue-sharing remuneration model. Sterne Agee said the results are some 28 percent above its estimate. February RCT benefited from both a strong Macau VIP market, as well as company specific driven increases to its cash agent volume, the firm said.