Iao Kun Group Holding Company Limited Announces Rolling Chip Turnover of US$1.75 Billion for March 2014
03 April 2014 | ![]() ![]() ![]() |
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 collaborator, today announced unaudited Rolling Chip Turnover (as defined below) for the month of March 2014 at the companys VIP rooms in Macau was US$1.75 billion, up 14% year-over-year, compared to US$1.53 billion for the month of March 2013. Win rate for the month of March 2014 was 3.27%.
For the first three months of 2014, IKGHs Rolling Chip Turnover was US$4.77 billion (an average of $1.59 billion per month), up 17% year-over-year, compared to US$4.08 billion (an average of $1.36 billion per month) for the first three months of 2013.
The Companys VIP rooms are primarily focused on high stakes baccarat. Baccarat accounts for approximately 88% of total Macau casino winnings according to the Macau Gaming Inspection and Coordination Bureau (DICJ). In Macau, two remuneration methods are used to compensate VIP room gaming promoters. On a fixed commission basis, VIP room gaming promoter revenues are based on an agreed percentage of Rolling Chip Turnover. On a win/loss split basis, the VIP room gaming promoter receives an agreed percentage of the win in the VIP gaming room (plus certain incentive allowances), and is required to also bear the same percentage of losses that might be incurred. Compared to the fixed commission basis, the win/loss split basis subjects the VIP room gaming promoter to the risk of losses from the gaming patrons activity and greater volatility.
As of September 1, 2012, all IKGH VIP rooms are on a revenue sharing remuneration model.
Definition of Rolling Chip Turnover
Rolling Chip Turnover is used by casinos to measure the volume of VIP business transacted and represents the aggregate amount of non-negotiable chips players purchased. Bets are wagered with non-negotiable chips and winning bets are paid out by casinos in so-called cash chips. Non-negotiable chips are specifically designed for VIP players to allow casinos to calculate the commission payable to VIP room gaming promoters. Commissions are paid based on the total amount of non-negotiable chips purchased by each player. VIP room gaming promoters therefore require the players to roll, from time to time, their cash chips into non-negotiable chips for further betting (hence the term Rolling Chip Turnover). Through the promoters, non-negotiable chips can be converted back into cash at any time. Betting using rolling chips, as opposed to using cash chips, is also used by the DICJ to distinguish between VIP table revenue and mass market table revenue.
All IKGH VIP rooms are on a revenue sharing remuneration model. On a win/loss split basis, the VIP room gaming promoter receives an agreed percentage of the win in the VIP gaming room (plus certain incentive allowances), and is required to also bear the same percentage of losses that might be incurred.
About Iao Kun Group Holding Company Limited
IKGH is a holding company which operates through its subsidiaries and related promotion entities that act as VIP room gaming promoters and collaborator, and is entitled to receive all of the profits of the VIP gaming promoters from VIP gaming rooms. IKGHs VIP room gaming promoters currently participate in the promotion of five major luxury VIP gaming facilities in Macau, China, the largest gaming market in the world. One VIP gaming room is located at the top-tier 5-star hotel, the StarWorld Hotel & Casino in downtown Macau, and another is located in the luxury 5-star hotel, the Galaxy MacauResort in Cotai, each of which is operated by Galaxy Casino, S.A. Additional VIP gaming rooms are located at the Sands Cotai Central and City of Dreams Macau, both in Cotai, and Le Royal Arc Casino, located in NAPE, Downtown Macau.

Source: Iao Kun Group Holding Company Limited
For the first three months of 2014, IKGHs Rolling Chip Turnover was US$4.77 billion (an average of $1.59 billion per month), up 17% year-over-year, compared to US$4.08 billion (an average of $1.36 billion per month) for the first three months of 2013.
The Companys VIP rooms are primarily focused on high stakes baccarat. Baccarat accounts for approximately 88% of total Macau casino winnings according to the Macau Gaming Inspection and Coordination Bureau (DICJ). In Macau, two remuneration methods are used to compensate VIP room gaming promoters. On a fixed commission basis, VIP room gaming promoter revenues are based on an agreed percentage of Rolling Chip Turnover. On a win/loss split basis, the VIP room gaming promoter receives an agreed percentage of the win in the VIP gaming room (plus certain incentive allowances), and is required to also bear the same percentage of losses that might be incurred. Compared to the fixed commission basis, the win/loss split basis subjects the VIP room gaming promoter to the risk of losses from the gaming patrons activity and greater volatility.
As of September 1, 2012, all IKGH VIP rooms are on a revenue sharing remuneration model.
Definition of Rolling Chip Turnover
Rolling Chip Turnover is used by casinos to measure the volume of VIP business transacted and represents the aggregate amount of non-negotiable chips players purchased. Bets are wagered with non-negotiable chips and winning bets are paid out by casinos in so-called cash chips. Non-negotiable chips are specifically designed for VIP players to allow casinos to calculate the commission payable to VIP room gaming promoters. Commissions are paid based on the total amount of non-negotiable chips purchased by each player. VIP room gaming promoters therefore require the players to roll, from time to time, their cash chips into non-negotiable chips for further betting (hence the term Rolling Chip Turnover). Through the promoters, non-negotiable chips can be converted back into cash at any time. Betting using rolling chips, as opposed to using cash chips, is also used by the DICJ to distinguish between VIP table revenue and mass market table revenue.
All IKGH VIP rooms are on a revenue sharing remuneration model. On a win/loss split basis, the VIP room gaming promoter receives an agreed percentage of the win in the VIP gaming room (plus certain incentive allowances), and is required to also bear the same percentage of losses that might be incurred.
About Iao Kun Group Holding Company Limited
IKGH is a holding company which operates through its subsidiaries and related promotion entities that act as VIP room gaming promoters and collaborator, and is entitled to receive all of the profits of the VIP gaming promoters from VIP gaming rooms. IKGHs VIP room gaming promoters currently participate in the promotion of five major luxury VIP gaming facilities in Macau, China, the largest gaming market in the world. One VIP gaming room is located at the top-tier 5-star hotel, the StarWorld Hotel & Casino in downtown Macau, and another is located in the luxury 5-star hotel, the Galaxy MacauResort in Cotai, each of which is operated by Galaxy Casino, S.A. Additional VIP gaming rooms are located at the Sands Cotai Central and City of Dreams Macau, both in Cotai, and Le Royal Arc Casino, located in NAPE, Downtown Macau.
Source: Iao Kun Group Holding Company Limited
Recommended Top Casinos
![]() Drake Casino 1st deposit bonus: 100% up to $25 | ![]() Bovada Casino 1st deposit bonus: 100% up to $250 | ![]() Club USA Casino 1st deposit bonus: 100% up to $20 | ![]() Slots.lv 1st deposit bonus: 100% up to $30 | ![]() Aladdins Gold Casino 1st deposit bonus: 200% up to $100 |
Post a Comment
Latest News
- $2000 in Tournament Prizes are Added Bonus for Betsoft Slots Players at Intertops Poker and Juicy Stakes Casino
Date: 31/01/2019 23:43:52 - Slotastic Takes Players on Exotic Asian Adventure with Prizes at Every Destination
Date: 30/01/2019 23:43:41 - Players Compete with Each Other for $150,000 in Prizes during Animal Carnival Bonus Contest at Intertops Casino
Date: 29/01/2019 23:43:54 - R1,000,000 Cashback Winner Urges Players NOT to Play Bubble Bubble 2 Slot Game
Date: 29/01/2019 23:43:54 - Intertops Poker & Juicy Stakes Casino Raise Instant Cashback to 35%
Date: 25/01/2019 23:43:39 - This Weekend, Another Intertops Poker or Juicy Stakes Casino Player Will Win Their Way to the Caribbean for $250K GTD WSOPC Tournament
Date: 23/01/2019 23:43:46 - European Online Casino Celebrates Chinese New Year with New Pig Winner Slot
Date: 23/01/2019 23:43:46 - Holiday Season Poker Tournaments include $500 GTD Christmas Day and $2000 GTD R&A New Years Day
Date: 22/01/2019 23:43:57 - Cryptocurrency Casino CryptoSlots Gifts Players Extra Holiday Play Time
Date: 22/01/2019 23:43:56 - $2000 Christmas Slots Tournament featuring Christmas Carol Starts Friday
Date: 22/01/2019 23:43:56
Related News Articles
- Iao Kun Group Holding Company Limited Announces Rolling Chip Turnover of US$0.25 Billion for July 2016
Date: 04/08/2016 06:30:24 - Iao Kun Group Holding Company Limited Provides Additional Details on Its Announced Acquisition of the Jeju Sun Hotel & Casino in Jeju, Korea
Date: 28/06/2016 06:30:02 - Iao Kun Group Holding Company Limited Announces 2015 Annual Cash Dividend
Date: 28/06/2016 06:30:01 - Iao Kun Group Holding Company Limited to Acquire the Jeju Sun Hotel & Casino in Jeju, Korea
Date: 24/06/2016 06:30:01 - Iao Kun Group Holding Company Limited Announces Rolling Chip Turnover of US$0.32 Billion for May 2016
Date: 07/06/2016 06:30:15
Readers Comments
No comments have been submitted yet for this article.