Asia Entertainment & Resources Ltd (AERL) announces that the company has changed its name to Iao Kun Group Holding Company Ltd and will trade under the new symbol IKGH.
Iao Kun Group Holding Company Ltd, which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter, announces that, pursuant to the vote of IKGH’s shareholders at its recent annual meeting, its name has been changed from Asia Entertainment & Resources Ltd to Iao Kun Group Holding Company Ltd, and that its trading symbol will be changed from AERL to IKGH, effective at the open of today’s trading (October 2, 2013).
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.
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. 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.