Iao Kun Group announces $330 million in VIP revenue in Jan

    VIP room operator Iao Kun Group Holding Company Ltd, announced unaudited rolling chip turnover for the month of January was US$330 million, down 59 percent year on year, according to a recent filing.

    The rolling chip turnover of $330 million in Jan. 2016 compares with $810 million in the same month in 2015. Win rate for the month of Jan. 2016 was 2.31 percent.

    The company’s VIP rooms are focused on high stakes baccarat, which have seen declining VIP chip turnover over the last year.

    The group announced rolling chip turnover for 2015, at $6.42 billion, down 61 percent compared to $16.64 billion in 2014.