AERL rolling chip turnover down by 16 percent

2013-5-8

From：Macau Business

Nasdaq-listed VIP room gaming promoter Asia Entertainment & Resources Ltd (AERL) announced on Monday that the rolling chip turnover at its four gaming rooms in Macau declined by 16 percent year-on-year to US$1.47 billion (MOP11.8 billion) last month.

In the first four months of this year, the company’s high-stakes baccarat saw bets reach US$5.5 billion, down by 22 percent year-on-year, the junket said in a statement.

The drop comes as the VIP room promoter decided to tighten credit to middlemen “due to its conservative view on the Chinese economy,” it said in a statement.

Copyright@Macau Business