VIP junket records plunge in rolling chip turnover

VIP room gaming promoter Asia Entertainment & Resources Ltd, or AERL, announced today a drop of 9 percent year-on-year in unaudited rolling chip turnover for last month. The company’s three VIP rooms in Macau recorded US$1.37 billion (MOP10.96 billion) in unaudited rolling chip turnover, down 9 percent year-over-year. For the first half of 2012, AERL’s rolling chip turnover was US$10.07 billion, up 20 percent year-over-year. “Our June 2012 results were affected both by a higher than normal win rate, as well as the lower VIP visitations due to the popularity of the Euro Cup [football tournament],” said AERL chairman Lam Man Pou. “We expect that we will see stronger rolling chip turnover in July now that the Euro Cup has ended.” AERL’s VIP rooms are located at StarWorld, the Venetian Macao and Galaxy Macau.