International edition
July 28, 2021

Positive October figures despite dwindling turnover so far this year

Iao Kun’s October earnings rise to us$ 1.51 billion

(Macau).- Macau VIP gaming room investor Iao Kun Group says its rolling chip turnover rose to us$ 1.51 billion in October, 3 percent more than a year earlier. The company announced an October win rate of 2.27 percent. It attributed the higher turnover to its acquisition of 100 percent of the profit interest in a VIP gaming room in Le Royal Arc casino and “a lower-than-normal win rate”.

I

n the first 10 months of this year the company’s rolling chip turnover fell by 9 percent from the equivalent period of last year to US$14.19 billion.

Iao Kun, formerly Asia Entertainment & Resources, is listed at the NASDAQ and is preparing to list in Hong Kong, too.

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