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BRIEF-Iao Kun Group Holding Co says closure of VIP gaming rooms at Galaxy Macau and Starworld

Sept 13 Iao Kun Group Holding Co Ltd :

* Announces closure of VIP gaming rooms at Galaxy Macau and Starworld

* Closure of both facilities will generate total annual savings of approximately US$4.0 million

* Strategic review of IKGH's operations in Macau remains ongoing

* Anticipates taking additional action to reduce its operating expenses and preserve its capital position in due course

* Terminated its agreements with Sang Heng and Sang Lung Gaming Promotion Ltd. Relating to facilities Source text for Eikon: Further company coverage:

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