Iao Kun Group (IKGH) Posts Lighter Q4 Results

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Iao Kun Group Holding Company Limited Announces Fourth Quarter and Full Year 2015 Financial Results

March 4, 2016 7:00 AM EST

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 unaudited financial results for the fourth quarter and year ended December 31, 2015. All currency amounts are stated in United States dollars. Please refer to the Annual Report on Form 20-F that will be filed with the Securities and Exchange Commission in March 2016 for the full audited financial statements and related disclosures for the year ended December 31, 2015.

Fourth Quarter 2015 Highlights

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Iao Kun Group Holding Company Limited Announces Rolling Chip Turnover of US$0.48 Billion for February 2016

March 2, 2016 8:00 AM EST

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 unaudited Rolling Chip Turnover (as defined below) for the month of February 2016 at the companys VIP rooms in Macau was US$0.48 billion, down 24% year-over-year, compared to US$0.63 billion for the month of February 2015. Win rate for the month of February 2016 was 2.76%.

For the first two months of 2016, IKGHs Rolling Chip Turnover was US$0.81 billion (an average of $0.41 billion per month),... More