Tag Archives: Asia Entertainment & Resources
- Neptune Group junket profits rise 26%; AERL changes name to IKGH
October 5, 2013
Macau casino junket operator Asia Entertainment & Resources Ltd. (AERL) has changed its name to Iao Kun Group Holding Company Ltd. (IKGH). Iao Kun is the name of a VIP club the company operates at the Galaxy Macau casino, one of the five VIP gaming rooms under the company’s control....
- AERL stops VIP turnover decline; junkets increasingly viewed as mainstream
August 11, 2013
After slowing the year-long decline in its monthly rolling chip turnover in June, Macau VIP gaming room promoter Asia Entertainment & Resources Ltd. (AERL) recorded a 15% rise in turnover in July. Customers at AERL’s five VIP rooms in Macau wagered $1.5b last month, and AERL attributes the increase to...
- AERL stops the slide; Amax Holdings to buy stake in Cyprus casino
July 3, 2013
Nasdaq-listed Macau VIP gaming room promoter Asia Entertainment & Resources Ltd. (AERL) reported rolling chip turnover of $1.33b in the month of June, a 3% drop from the same month last year. Win rate was 3.09%, slightly above the normalized range. News of the 3% drop has likely sent champagne...
- AERL profit halved in Q1; junket operator wants VIP deadbeat blacklist
May 24, 2013
Nasdaq-listed Macau VIP gaming room promoter Asia Entertainment & Resources Ltd. (AERL) continued to struggle in the first quarter of 2013, with rolling chip turnover down 24% to $4.1b and net income off 55% to $7m. Things would have been worse had it not been for a 3.29% win rate,...
- AERL gets new VIP room; hackers take Macau casino for $386k
May 22, 2013
Nasdaq-listed Macau gaming room promoter Asia Entertainment & Resources Ltd. (AERL) has inked a memorandum of understanding to add a new VIP room to its stable. AERL has agreed to acquire the VIP gaming room operations at Macau’s Le Royal Arc Casino currently promoted and operated by Mr. Wong Wing...
- SJM profit rises 12% in Q1, but too-smoky smoking areas face closure
May 8, 2013
Asian casino operator SJM Holdings saw first quarter profits rise 12% to HK $1.92b (US $247m) thanks to a 13% rise in VIP gambling revenue. SJM, which operates 20 of Macau’s 35 gaming joints, saw VIP gambling revenue hit HK $15.1b in the three months ending March 31, while mass...
Dragon Corp. wants to bring blockchain to Macau’s casino floors
September 25, 2017
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Macau night spots to hit when you’re not gambling
April 2, 2014