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, IKGH’s rolling chip turnover was $4.80 billion, an average of $0.60 billion per month, down 62 percent YoY, compared to $12.58 billion and an average of $1.57 billion per month for the first eight 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.