Junket Operator Jumps to Australia

Sun, May 24, 2015

With VIP rooms in Crown Perth and Crown Melbourne (l.), Macau junket operator Iao Kun Group has officially penetrated the Aussie market. The company plans to import high roller clients who once patronized Macau.

Also in Manila

Macau junket firm Iao Kun Group Holdings is now officially part of two Crown Entertainment properties in Australia: Crown Perth and Crown Melbourne.

“Today marks an important step in beginning to diversify our sources of revenue and expanding our presence internationally,” said Iao Kun Chairman Lam Man Pou. “We’re excited to begin bringing our VIP clients to Australia and remain committed to finding additional opportunities to further expand our presence overseas and ultimately generating long-term value for our shareholders.”

Iao Kun already has VIP rooms in Crown’s City of Dreams in Manila; and StarWorld Hotel and Casino, Galaxy Macau, Sands Cotai Central and Le Royal Arc Casino in Macau.

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