Brief: Iao Kun Group Holding Co says closure of VIP gaming rooms at Galaxy Macau and Starworld

Liniu Technology

13/09/2016 13:03

Sept 13 (Reuters) - Iao Kun Group Holding Co Ltd  IKGH.O : 
    * Announces closure of VIP gaming rooms at Galaxy Macau and 
Starworld 
    * Closure of both facilities will generate total annual 
savings of approximately US$4.0 million 
    * Strategic review of IKGH's operations in Macau remains 
ongoing 
    * Anticipates taking additional action to reduce its 
operating expenses and preserve its capital position in due 
course 
    * Terminated its agreements with Sang Heng and Sang Lung 
Gaming Promotion Ltd. Relating to facilities 
 
Source text for Eikon:  ID:nBw9PTT8Ha  
Further company coverage:  IKGH.O  
 
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