Asia Entertainment & Resources Ltd. Announces 20% Increase in Rolling Chip Turnover to $1.758B for April 2012
Asia Entertainment & Resources Ltd. (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 April 2012 at the company's three VIP rooms in Macau was US$1.758 billion, up 20% year-over-year, compared to US$1.464 billion for the month of April 2011. This compares with a year-over-year increase in gross gaming revenue for Macau of 22% for April 2012.
For the first four months of 2012, AERL's Rolling Chip Turnover was US$7.142 billion (an average of $1.786 billion per month), up 29% year-over-year, compared to US$5.540 billion (an average of $1.385 billion per month) for the first four months of 2011. Macau gross gaming revenue increased 26% for the first four months of 2012.
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