HONG KONG--(BUSINESS WIRE)--Iao Kun Group Holding Company Limited (“IKGH”) (NASDAQ:IKGH), which operates through its subsidiaries and related promotion entities that act as VIP room gaming promoters and collaborator, announced today that the Company entered into a termination agreement with Messrs. Lam Man Pou and Vong Hon Kun (the “Lenders”), each an executive officer and a director of the company, whereby the parties agreed to terminate the guaranty obligations of the Lenders pursuant to a loan agreement and guaranty (the “Loan Agreement”) entered into by the parties on February 2, 2010.

The parties agreed to terminate the guaranty obligations for the reasons of the Company’s financial independence and to minimize reliance on the Lenders, which conform with the listing standards in Hong Kong.

About Iao Kun Group Holding Company Limited

IKGH is a holding company which operates through its subsidiaries and related promotion entities that act as VIP room gaming promoters and collaborator, and is entitled to receive all of the profits of the VIP gaming promoters from VIP gaming rooms. IKGH’s VIP room gaming promoters currently participate in the promotion of five major luxury VIP gaming facilities in Macau, China, the largest gaming market in the world. One VIP gaming room is located at the top-tier 5-star hotel, the StarWorld Hotel & Casino in downtown Macau, and another is located in the luxury 5-star hotel, the Galaxy Macau™ Resort in Cotai, each of which is operated by Galaxy Casino, S.A. Additional VIP gaming rooms are located at the Sands Cotai Central and City of Dreams Macau, both in Cotai, and Le Royal Arc Casino, located in NAPE, Downtown Macau.

Contacts

Iao Kun Group Holding Company Limited
James Preissler, 646-450-8808
preissj@ikghcl.com