Iao Kun Group (IKGH) Closes VIP Gaming Rooms in Galaxy Macau and StarWorld
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Iao Kun Group Holding Company Limited Announces Closure of VIP Gaming Rooms at Galaxy Macau and StarWorld
September 13, 2016 8:00 AM EDTExpects to Generate Total Annual Savings of US$4.0 Million
HONG KONG--(BUSINESS WIRE)-- Iao Kun Group Holding Company Limited (IKGH) (NASDAQ: IKGH), which operates through its subsidiaries and related promotion entities that act as VIP room gaming promoters and a collaborator, today announced that as part of its comprehensive strategic review of its VIP gaming room operations in Macau, it has closed its VIP gaming rooms at the Galaxy Macau and StarWorld, effective September 10, and terminated its agreements with Sang Heng and Sang Lung Gaming Promotion Ltd. relating to those... More