Positive October figures despite dwindling turnover so far this year
Iao Kun’s October earnings rise to us$ 1.51 billion
2013-12-06
Reading time 27 seg
(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”.
In 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.
Leave your comment
RELATED NEWS
To debut this summer
Bally’s Atlantic City to introduce new amenities for 45th anniversary
March madness benefits
Nebraska's Lincoln, Grand Island casinos report record-breaking revenue in March
COMPANIES
Operating income stood at $717 million
Las Vegas Sands beats analyst expectations with $2.96 billion first quarter revenue
23rd - 25th April, Booth C60
1xBet confirms participation at SiGMA Americas event in Sao Paulo
Three verticals part of deal
Pragmatic Play expands Brazilian presence with PixBet integration
6% increase year-over-year
Rank Group sees net gaming revenue reach $226.5M in Q3, in line with expectations
LATEST NEWS
ONLINE GAMING
LEGISLATION
SPORTS BETTING
MAGAZINES
EVENTS
To take place on October 16, Poland
European Gaming Congress 2024 edition to share insights on iGaming and affiliate sector trends
Focus on emerging trends, innovation
SBC Digital Innovation – Casino event to explore key iGaming industry issues and trends on April 17
EVENTS CALENDAR
Highlighted
SBC Summit Rio 2024
Highlighted
SAGSE Latam 2024
Highlighted
Indian Gaming Tradeshow
Highlighted
GAT Expo Cartagena
APR 9th 24 / APR 11th 24
Live Event Centro de Convenciones Las Américas, Cartagena de Indias
Highlighted
DigitalPlay Summit 2024
Highlighted
IGE Italian Gaming Expo & Conference
Highlighted
BIS Brazilian iGaming Summit SiGMA Americas
Highlighted
SBC Summit North America
Highlighted
PGS 2024 Peru Gaming Show
Highlighted
