Iao Kun | World Casino News

Macau junket promoter declared bankrupt

March 24, 2017

Latest Casino and Gambling News, Macau, Bankruptcy

In September, beleaguered Macau junket investor Iao Kun closed three VIP rooms in the special administrative region. Two of the rooms were located on Galaxy Entertainment Group (GEG) properties; one at StarWorl...

Bloomberry to retain Jeju Sun Hotel & Casino

Lars Jones

December 9, 2016

Casino Sales, Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships, Philippines, South Korea

Bloomberry Resorts Corp. will not be conveying their Jeju Sun Hotel and Casino property to the Iao Kun Group after the latter failed to secure financing for the deal. While confirming that the property had been...

Macau junket promoter Iao Kun to acquire Jeju Sun in Korea for $100m

Martin Chua

June 26, 2016

Latest Casino and Gambling News, Macau, Mergers, Acquisitions & Partnerships, South Korea

Bloomberry Resorts Corp. said in a filing the Philippine Stock Exchange last week that it's subsidiary Solaire Korea Co. Ltd is selling their 96.23 percent share in the company that owns Jeju Sun Hotel & C...

Macau junket operator Iao Kun sees huge decrease in chip turnover

Marie Kelley

October 8, 2015

Latest Casino and Gambling News, Economy/Finance, Macau

Based on a recent filing with the Nasdaq Stock Exchange, Iao Kun, a junket company operating in Macau, has seen a decline in the year-on-year rolling chip turnover for September. Reports show that the operator ...

Iao Kun to enter Australian market; operator buys up internal junket assets for Crown casinos

Sam Mitchell

May 19, 2015

Latest Casino and Gambling News, Australia, Casino News, Macau, Mergers, Acquisitions & Partnerships

A deal has been completed with the Iao Kun Group Holding Co Ltd that will allow the firm to develop its casino junket operations at Crown Melbourne Casino and Crown Perth Casino in Australia. In a press rele...