Iao Kun Group Holding Co. Ltd. is a NASDAQ-listed Macau VIP Casino investor.
They announced an unaudited rolling chip turnover loss. Rolling chip turnover is a measure used by casinos to determine the total amount of "player bets" as well as the total amount of VIP rooms. The result was $5.5 billion in sales last month, down 71% and down 34% from March.
he quarterly winning rate was 2.2% to 4%, compared to 3.48% in April. However, it is probably because it is effective to do economic activities in five VIP rooms located in Macau casinos. It's probably because of the crackdown on junket operators.
Last month, the company announced it had signed non-binding memorandums of understanding with Crown Perth and Crown Melbourne casinos to provide VIP players to Australian casinos.