Courtesy of Benzinga.
Asia Entertainment & Resources Ltd. (“AERL”) (NASDAQ: AERL), which operates through its subsidiaries and related promoter companies as a VIP room gaming promoter, today announced unaudited Rolling Chip Turnover (as defined below) for the month of May 2012 at the company’s three VIP rooms in Macau was US$1.559 billion, up 14% year-over-year, compared to US$1.362 billion for the month of May 2011. This compares with a year-over-year increase in overall gross gaming revenue for Macau of 7% for May 2012.
For the first five months of 2012, AERL’s Rolling Chip Turnover was US$8.701 billion (an average of $1.740 billion per month), up 26% year-over-year, compared to US$6.902 billion (an average of $1.380 billion per month) for the first five months of 2011. AERL’s growth of 26% year-over-year to date compares favorably to an overall low-teens Macau VIP growth rate during the first five months of 2012. Overall, Macau gross gaming revenue increased 21% for the first five months of 2012.
The growth in Rolling Chip Turnover was attributable to organic growth and increasing cage capital from retained earnings.
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