Macau junket operator Iao Kun Group Holding Company Ltd. has announced that rolling chip turnover from its VIP rooms in the city dropped 72 percent year-on-year. According to the Macau Business Daily, the junket earned US>Macau junket operator Iao Kun Group Holding Company Ltd. has announced that rolling chip turnover from its VIP rooms in the city dropped 72 percent year-on-year. According to the Macau Business Daily, the junket earned US$0.44 billion, compared to US$0.54 billion in June.<.44 billion, compared to US>Macau junket operator Iao Kun Group Holding Company Ltd. has announced that rolling chip turnover from its VIP rooms in the city dropped 72 percent year-on-year. According to the Macau Business Daily, the junket earned US$0.44 billion, compared to US$0.54 billion in June.<.54 billion in June. The numbers indicate Iao Kun’s business is off compared to the rest of the city, where GGR in July dropped 34.5 percent year-on-year to MOP18.6 billion. That was up almost 7 percent from MOP17.4 billion in June. The win rate for the month was 4.52 per cent.
Iao Kun’s Incredible Shrinking Revenues
The Macau junket operator has announced that rolling chip turnover was down 72 percent year-on-year for the month of July. Turnover of VIP business was about US$0.44 billion compared to US$1.60 billion during the same period last year.
