Iao Kun says low win rates in Oct., Nov. to hurt results

Iao Kun Group Holding Co. says it’s unlikely to meet its non-GAAP income guidance for 2013 because of low win rates in October and November. The VIP room operator said its November rolling chip turnover gained 19 percent to $1.5 billion. The win rate for November was 1.64 percent. The company said the low win rates also caused it to record an operating loss for October and November, but didn’t give details.