firm Iao Kun announces 2014 annual dividend - 25th
Macau VIP gaming room investor Iao Kun Group Holding
Co Ltd has declared an annual cash dividend of US$0.0169
dividend will be payable on June 22, 2015, to those
recorded as shareholders as of the close of business
on June 5, 2015, the firm said on Friday.
company had previously announced a total semi-annual
dividend equal to 15 percent of the firms
net income for the six months ended June 30, 2014.
the whole of 2014, Iao Kun had a net loss of US$60.1
million, compared to net income of US$5.4 million
Kun is a mid-sized investor in Macaus government-licensed
VIP gaming promoters, also commonly known as junket
operators. It benefits from the economic activity
of five VIP rooms in several Macau casino resorts.
the first four months of 2015, Iao Kuns rolling
chip turnover was US$2.70 billion, an average of US$0.68
billion per month, down 58 percent year-over-year.
company on May 15 said it had completed
a deal allowing it to expand its casino junket
operations to Crown Perth Casino and to Crown Melbourne
Casino, in Australia.