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...
Parisian Macao battling Legionnaires’ Disease outbreak
April 25, 2017
Execs to take on blockchain at iGaming Asia Congress 2017
March 21, 2017