Iao Kun reports chip turnover increase of 3 pct

2013-11-6

From：Macau Business

More losing gamblers and the Le Royal Arc Casino buyout boosted rolling chip turnover by 3 percent last month, Iao Kun Group Holding Co Ltd says.

The investor in VIP rooms formerly named Asia Entertainment & Resources Ltd, said turnover reached US$1.51 billion (MOP12.06 billion) last month. In October last year, the company said it earned US$1.47 billion.

The increase in turnover was due to June’s buyout of the VIP gaming room at Le Royal Arc Casino and a 2.27-percent win rate.

The company also promotes gaming rooms at StarWorld Macau, Galaxy Macau, The Venetian Macao and City of Dreams.

Iao Kun said revenues were down 9 percent over the first 10 months of the year.

Copyright@Macau Business