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 turnover for the first seven months of 2016 to US$2.3 billion (an average of $330 million per month), down 47 percent year-on-year, compared to US$4.4 billion for the first seven months of 2015.

Currently, IKGH participates in the promotion of five major luxury VIP gaming facilities in Macau. 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.