Iao Kun Group Holding Company Limited announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company announced total revenues of $22,395,298 compared to $51,916,783 for the same period a year ago. Operating loss attributable to ordinary shareholders before change in fair value of contingent consideration was $1,774,599 compared to operating loss attributable to ordinary shareholders before change in fair value of contingent consideration of $5,230,241 for the same period a year ago. Net loss attributable to ordinary shareholders was $310,087 or $0.01 per basic and diluted share compared to net loss attributable to ordinary shareholders of $12,248,255 or $0.20 per basic and diluted share for the same period a year ago. Non-GAAP operating income before amortization and change in fair value for contingent consideration for the third quarter 2015 was $2.3 million or $0.04 per fully diluted share compared to non-GAAP operating loss of $1.1 million or $0.02 per diluted share in the same period of 2014, primarily as a result of a significant decrease in commissions to agents as a result of lower Rolling Chip Turnover as well as lower SG&A expense. Non-GAAP income before amortization of intangible assets, impairment of goodwill and change in fair value of contingent consideration was $2,318,189 or $0.04 per basic and diluted share compared to loss of $1,137,083 or $0.02 per basic and diluted share a year ago.

For the nine months, the company announced total revenues of $85,966,313 compared to $181,549,165 for the same period a year ago. Operating loss attributable to ordinary shareholders before change in fair value of contingent consideration was $21,822,715 compared to operating loss attributable to ordinary shareholders before change in fair value of contingent consideration of $3,082,508 for the same period a year ago. Net loss attributable to ordinary shareholders was $7,032,389 or $0.11 per basic and diluted share compared to net loss attributable to ordinary shareholders of $65,784,211 or $1.09 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $35,119,014 compared to $58,559,187 for the same period a year ago. Purchase of property and equipment was $2,623 compared to $303,887 a year ago. Non-GAAP income before amortization of intangible assets, impairment of goodwill and change in fair value of contingent consideration was $8,207,570 or $0.13 basic and diluted share compared to $9,191,901 or $0.15 per basic and diluted a year ago.

For the first ten months of 2015, IKGH's Rolling Chip Turnover was $5.67 billion (an average of $0.57 billion per month), down 62% year-over-year, compared to $14.87 billion (an average of $1.49 billion per month) for the first ten months of 2014.

The Company is maintaining its 2015 Rolling Chip Turnover guidance for its five existing VIP rooms in Macau of $6.0 billion to $7.0 billion.