IOCUN STILL TARGETS HONG KONG DOUBLE LISTING BY END OF Q3 2014

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Macau VIP room game promoter Yokun Group Holding plans to complete its Hong Kong dual listing by the end of the third quarter of this year.

Company executives made the announcement during a conference call last week.

The company is already listed on the Nasdaq in New York. A dual listing would not include any stock dilution.

Following the announcement, U.S.-based brokerage Stern Age called investors "conservative" and advised them to assume that Iokun's dual listing will be completed by the end of the year rather than the end of the third quarter, given that multiple items remain outside the company's control. 바다이야기

"Both are encouraged by the results of Iokun's rolling chip turnover growth ahead of this year's double listing and continue to believe that the Hong Kong listing will open value to U.S. shareholders by potentially significantly expanding its investor base," analyst David Bain wrote in a note to investors.

Iao Kun's rolling chip sales reached $4.8 billion in the first three months of the year, up 16% year-over-year. The company maintains its 2014 rolling chip turnover guidance for five existing VIP rooms ($17 billion to $19 billion). Iao Kun operates VIP rooms at Starworld Hotel Casino, Galaxy Macau, Sands Cotai Central, City of Dreams, and Le Royal Arc Casino.

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