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Iao Kun Group Holding Co Ltd (IKGH.OQ)

IKGH.OQ on NASDAQ Stock Exchange Capital Market

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Latest Key Developments (Source: Significant Developments)

Iao Kun Group to acquire majority interest in Guangzhou Liniu Network Technology
Tuesday, 7 Feb 2017 09:00am EST 

Iao Kun Group Holding Co Ltd : Iao Kun Group Holding Company Limited to acquire majority interest in Guangzhou Liniu Network Technology Co. Ltd. . Iao Kun Group Holding Co Ltd - IKGH announced today that it has entered into an agreement to acquire 51 pct of Jia-Heng Industrial Ltd. . Iao Kun Group Holding Co Ltd - IKGH will issue 12.484 million ordinary shares upon transaction's closing .Iao Kun Group Holding Co Ltd - IKGH will also issue cash consideration that is contingent upon Liniu Network achieving after-tax income targets.  Full Article

Iao Kun Group Holding Co Ltd revises Q2 loss per share $1.99
Friday, 7 Oct 2016 08:00am EDT 

Iao Kun Group Holding Co Ltd : Revised Q2 loss per share $1.99 . Iao Kun Group Holding Company Limited announces revisions to its second quarter and six months 2016 financial results . Believes there are approximately $21.5 million in markers receivable as of June 30 at an elevated risk of collectability .Revising unaudited results for three, six months ended June 30, 2016 to include non-cash $21.5 million provision for doubtful accounts.  Full Article

Iao Kun Group Q2 loss per share $1.65
Thursday, 22 Sep 2016 07:00am EDT 

Iao Kun Group Holding Co Ltd : Iao Kun Group Holding Company Limited announces second quarter and six months 2016 financial results . Q2 loss per share $1.65 . Q2 revenue $10.6 million, up 52 percent .Rolling chip turnover for three months ended June 30, 2016 was $0.9 billion, a decrease of 51 percent.  Full Article

Iao Kun Group Holding July rolling chip turnover $0.25 bln
Wednesday, 3 Aug 2016 08:00am EDT 

Iao Kun Group Holding Co Ltd : Iao Kun Group Holding Company Limited announces rolling chip turnover of US$0.25 billion for July 2016 .Unaudited rolling chip turnover for July 2016 at company's vip rooms in Macau was us$0.25 billion, down 44% year-over-year.  Full Article

Iao Kun Group announces rolling chip turnover of $0.23 bln
Tuesday, 5 Jul 2016 08:00am EDT 

Iao Kun Group Holding Co Ltd : Iao Kun Group Holding Company Limited announces rolling chip turnover of US$0.23 billion for June 2016 .Win rate for month of June 2016 was 3.24%.  Full Article

Iao Kun Group provides updates on its announced acquisition of Jeju Sun Hotel & Casino
Monday, 27 Jun 2016 08:00am EDT 

Iao Kun Group Holding Co Ltd : Iao Kun Group Holding Company Limited provides additional details on its announced acquisition of the Jeju Sun Hotel & Casino in Jeju, Korea . Says expects to finalize its funding arrangements for acquisition within next few weeks . Says expects hotel and gaming operations to generate positive cash flow post-acquisition .Says funding structure to be finalized should cause acquisition to be accretive to earnings per share.  Full Article

Iao Kun Group Holding Co to buy Jeju Sun Hotel & Casino
Thursday, 23 Jun 2016 08:00am EDT 

Iao Kun Group Holding Co Ltd : Iao Kun Group Holding company limited to acquire the Jeju Sun Hotel & Casino In Jeju, Korea . Deal for for KRW117.5 billion in cash . Under terms of agreement, Iao Kun Jeju will acquire 96.23% of outstanding capital stock of Golden Luxury . Intends to finance acquisition through loan and issuance of equity, and transaction expected to close in Q3 of 2016 . Expect current Jeju Sun Hotel management team will remain to continue to run newly renovated property .Indirect unit entered into share purchase agreement with Golden & Luxury Co, Solaire Korea Co Ltd, Bloomberry Resorts Corp.  Full Article

Iao Kun Group Holding Co Q1 loss per share $0.06
Tuesday, 7 Jun 2016 07:00am EDT 

Iao Kun Group Holding Co Ltd : Maintaining 2016 rolling chip turnover guidance for its five existing vip rooms in Macau of between us$3.5 billion and us$4.5 billion . For three months ended march 31, 2016, IKGH recorded revenue of $17.9 million, a 57% decrease from same period in 2015 . Rolling chip turnover for three months ended march 31, 2016 was $1.2 billion, a decrease of 45% . Non-Gaap income was $0.5 million, or $0.01 per share for three months ended march 31, 2016 . Iao Kun Group Holding Company Limited announces first quarter 2016 financial results .Q1 loss per share $0.06.  Full Article

Iao Kun Group posts May rolling chip turnover of $320 mln
Monday, 6 Jun 2016 08:00am EDT 

Iao Kun Group Holding Co Ltd : Iao Kun Group Holding Company Limited announces rolling chip turnover of US$0.32 billion for May 2016 .Unaudited rolling chip turnover for may 2016 at its VIP rooms in Macau was US$0.32 billion, down 53% year-over-year.  Full Article

Iao Kun Group Holding Co Ltd announces 2014 annual cash dividend
Friday, 22 May 2015 08:00am EDT 

Iao Kun Group Holding Co Ltd:Authorized a regular semi-annual dividend equal to 15% of IKGH's non-GAAP net income for the recently completed six months ended June 30.  Full Article

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BRIEF-Iao Kun Group to acquire majority interest in Guangzhou Liniu Network Technology

* Iao Kun Group Holding Company Limited to acquire majority interest in Guangzhou Liniu Network Technology Co. Ltd.