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Stock Market & Financial Investment News

News Breaks
January 3, 2014
08:04 EDTIKGHIao Kun Group announces Rolling Chip Turnover of $1.36B for December
Iao Kun Group Holding Company Limited announced unaudited Rolling Chip Turnover for the month of December 2013 at the company’s VIP rooms in Macau was $1.36B, up 5% year-over-year, compared to $1.3B for the month of December 2012. Win rate for the month of December 2013 was 3.42%. For 2013, IKGH’s Rolling Chip Turnover was $17.04B down 7% year-over-year, compared to $18.23B for 2012.
News For IKGH From The Last 14 Days
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April 20, 2015
08:06 EDTIKGHIao Kun Group enters into MOU for junket operator arrangements
Iao Kun Group Holding Company announced that it has entered into a non-binding memorandum of understanding whereby it will acquire all of the profit interests of Lou Kan Kuong for acting as a junket operator for the Crown Perth Casino in Perth, Australia and for the Crown Melbourne Casino in Melbourne, Australia. The Seller, who is currently an officer of IKGH, recently entered into agreements to act as a junket operator for the Casinos on behalf of IKGH. IKGH expects to close the transaction by mid-May 2015 and to begin generating initial revenues under this agreement shortly thereafter. IKGH is purchasing the interests for nominal value.

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