Iao Kun Group (IKGH) Posts Lighter Q4 Results
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Iao Kun Group (NASDAQ: IKGH) reported Q4 EPS of $0.01, versus $0.13 reported last year. Revenue for the quarter came in at $19.04 million, versus $52.27 million reported last year.
Rolling Chip Turnover (a metric used by casinos to measure the aggregate amount of players’ bets and overall volume of VIP gaming room business transacted, which is further defined below) for the three months ended December 31, 2015 was $1.2 billion, a decrease of 57%, compared to $2.9 billion for the three months ended December 31, 2014.
Outlook for 2016
For the first two months of 2016, IKGH’s Rolling Chip Turnover was US$0.81 billion (an average of $0.41 billion per month), down 44% year-over-year, compared to US$1.44 billion (an average of $0.72 billion per month) for the first two months of 2015.
The Company is providing 2016 Rolling Chip Turnover guidance for its five existing VIP rooms in Macau of between US$3.5 billion and US$4.5 billion.
For earnings history and earnings-related data on Iao Kun Group (IKGH) click here.
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