Revenue Update on Iao Kun Group Holding Co Ltd(NASDAQ:IKGH)

Iao Kun Group Holding Co Ltd(NASDAQ:IKGH) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during Pre-market on Jun 7, 2016. Company reported revenue of $17.92M. Analysts estimated a revenue of $21.50M. Earnings per share were $0.01. Analysts had estimated an EPS of $-0.04.

Iao Kun Group Holding Co Ltd (IKGH) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.70% at a volume of 6,893. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.42. The peak price level was also seen at $1.42 while the days lowest was $1.39. Finally the shares closed at $1.41. The 52-week high of the shares is $3.35 while the 52-week low is $0.95. According to the latest information available, the market cap of the company is $88 M.

Iao Kun Group Holding Company Limited (IKGH) is a holding company that operates through its subsidiaries and related promoter companies as a VIP room gaming promoter. The Company operates through eight wholly owned subsidiaries. The principal business activities of the subsidiaries are to hold profit interest agreements with the Promotion Entities that assign the profit streams from the gaming related businesses of the Promotion Entities to the subsidiaries. The Company’s subsidiaries include Foxhill Group Limited (Foxhill) Kasino Fortune Investments Limited Well Mount International Limited Link Bond International Limited Billion Boom International Limited Super Number Limited Jubilee Dynasty Ltd. and Frontier Champion Limited. The Promotion Entities includes Sang Heng Gaming Promotion Company Limited King’s Gaming Promotion Ltd. Sang Lung Gaming Promotion Company Limited Bao Li Gaming Promotion Ltd. and Chan Yan Hung (L’Arc Promoter).

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