Lam Man Pou

    Man Pou Lam Founded Iao Kun Group Holding Company Limited in May 2007. Mr. Lam has been the Chairman, Chief Marketing Officer and a Director of Iao Kun Group Holding Company Limited since Feb. 2010. Mr. Lam is responsible for the overall direction and development of AGRL, its subsidiaries and VIP gaming promoters. He is also responsible for developing AGRL’s and its VIP gaming promoters’ marketing programs. He has been involved in the gaming industry in Macau for over 20 years. He had served as junket agent for various VIP gaming rooms in SJM casinos and Waldo Casino before setting up his own gaming promotion business in May 2006. From May 2006 to early Jul. 2007, he was the sole proprietor of Sang Heng and Spring. From March 1990 to May 2002, Mr. Lam was a junket agent for the Casinos of Sociedade de Turismo e Diversoes de Macau, S.A. From Jun. 2002 to May 2005, Mr. Lam was a junket agent for Casino New Century. From July 2004 to May 2006, Mr. Lam was a junket agent for Waldo Casino. He has been Chairman of Asia Gaming & Resort Limited since May 2007. He is a Member of the Macau Gaming Industry General Association of Administrators and VIP Gaming Promoters.

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    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 […]

    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 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 […]

    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 […]

    Iao Kun Group rolling chip turnover down 36 percent in April

    Macau junket investor Iao Kun Group said rolling chip turnover plunged 36 percent year on year in April. The junket operator reported rolling chip turnover at US$320 million last month, compared to US$500 million in April 2015. Rolling chip turnover for the first four months of 2016 was US$1.52 billion, down 44 percent year on […]

    Iao Kun Group rolling chip turnover decreases 61 percent in 2015

    Macau junket investor Iao Kun Group has announced rolling chip turnover for the year ended Dec. 31, 2015 fell 61 percent, to US$6.4 billion, compared to $16.6 billion in 2014, according to a recent filing to the Hong Kong Stock Exchange. Net income was $5.1 million, or $0.08 net income per share for 2015, compared […]

    Iao Kun seeks overseas expansion as Macau revenue slumps

    Iao Kun Group Holding said it’s looking for further opportunities for overseas expansion after reporting its Q3 revenue halved as VIP revenue from Macau shrivelled. The Hong Kong-listed company reported a net loss for the quarter of $0.3 million, or a $0.01 loss per share, compared to a net loss of $12.7 million, or a […]

    Iao Kun 15Q1 profit, revenue tumble, but not as much as expected

    Iao Kun Group Holding Company (IKGH), a promoter of VIP rooms in Macau, posted a steep drop in Q1 revenue and adjusted income, as China’s anti-corruption drive hit spending by high rollers, though the results were better than expected. On a non-GAAP basis, net income was $8.1 million, or $0.13 per share compared to $17.9 […]

    Iao Kun completes transaction to enter Australia

    Iao Kun Group Holdings said it has completed a transaction that will allow the VIP room gaming promoter to begin operations in Australia in Crown Resorts’ Melbourne and Perth casinos. The Hong Kong-listed company said it has completed the purchase of all the profit interests of Lou Kan Kuong. The seller, who is also linked […]
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