We are a Cayman Islands exempted company that was incorporated on September 24, 2007 to acquire one or more operating businesses that had principal operations located in the People's Republic of China (including Hong Kong and Macau). On February 2, 2010, we acquired all of the outstanding capital stock of Asia Gaming & Resort Limited (AGRL), a Hong Kong company that, through profit interest agreements between its subsidiaries and affiliated companies known as VIP gaming promoters, receive the profit streams from gaming operations conducted by the VIP gaming promoters. In connection with the acquisition, we changed our name from CS China Acquisition Corp. to Asia Entertainment & Resources Ltd. (AERL). In July, 2010, AERL was listed on the NASDAQ Global Market in the United States. On October 2, 2013 Asia Entertainment & Resources Ltd. changed its name to Iao Kun Group Holding Company Limited (IKGH) and commenced trading on the NASDAQ Global Market under the symbol "IKGH."
IKGH is a holding company which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter, and is entitled to receive all of the profits of the VIP gaming promoters from VIP gaming rooms. IKGH's VIP room gaming promoters currently participate in the promotion of five major luxury VIP gaming facilities in Macau, China, the largest gaming market in the world. One VIP gaming room is located at the top-tier 5-star hotel, the StarWorld Hotel & Casino in downtown Macau, and another is located in the luxury 5-star hotel, the Galaxy Macau™ Resort in Cotai, each of which is operated by Galaxy Casino, S.A. Additional VIP gaming rooms are located at the Sands Cotai Central and City of Dreams Macau, both in Cotai, and Le Royal Arc Casino, located in NAPE, Downtown Macau.
Dec 3, 2013
Iao Kun Group Holding Company Limited Announces Rolling Chip Turnover of US$1.50 Billion for November 2013
Nov 26, 2013
Iao Kun Group Holding Company Limited Provides Update on Hong Kong Listing