Outlook for 2014
For the first two months of 2014, IKGH’s Rolling Chip Turnover was US$3.02 billion (an average of $1.51 billion per month), up 18% year-over-year, compared to US$2.55 billion (an average of $1.28 billion per month) for the first two months of 2013.
The Company is providing 2014 Rolling Chip Turnover guidance for its five existing VIP rooms in Macau of US$17 billion to US$19 billion.
Repurchase Program
In November and December 2013, IKGH repurchased 732,900 shares at an average price per share of $3.10. From January 1, 2014 to March 15, 2014, an additional approximate 1.4 million shares were repurchased, at an average price of $2.94, for a total of nearly 2.14 million shares repurchased during the past four months
At the end of 2013, the Board of Directors extended its share repurchase program for IKGH on an open-ended basis to purchase up to four million of its ordinary shares on the open market at prices to be determined by IKGH’s management. Purchases pursuant to the program may be made from time to time in accordance with SEC rules and regulations through open market transactions, subject to market conditions, IKGH’s share price and other factors. The repurchase program may be modified, suspended or discontinued at any time.
