Junket operator Iao Kun Group Holding Company saw its rolling chip turnover plunge by 40 per cent year-on-year in December 2015, according to its filing with Nasdaq Stock Market yesterday. Last month, the junket operator generated a total of US$0.42 billion (MOP3.36 billion) of rolling chip turnover, which is down by US$0.29 billion compared to the same month in 2014. However, on a month-on-month comparison, the rolling chip turnover that the operator received is up by 27.3 per cent from US$0.33 billion in November of last year. Meanwhile, the company’s win rate for the month was 3.28 per cent, according to its filing. For the whole year of 2015, Iao Kun’s rolling chip turnover totalled US$6.42 billion, which means an average of US$0.54 billion per month. The number, compared to US$16.64 billion for the whole year of 2014, shrinking by 61 per cent year-on-year. In addition to the junket operator, other players in the local gaming market may have continued experiencing the downturn trend in their revenues last month. According to the latest statistic released by the Gaming Inspection and Coordination Bureau (DICJ), the city’s gross gaming revenues fell by 34.3 per cent year-on-year to MOP231 billion for the whole year of 2015, while that for the last month of the year also registered a year-on-year decline of 21.2 per cent. Currently, Iao Kun’s VIP gaming rooms are located in the StarWorld Hotel, the Galaxy Macau, Sands Cotai Central, City of Dreams and Le Royal Arc Casino in the Special Administrative Region. It has also recently started trial gaming operations in Perth and Melbourne in Australia.
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