Iao Kun appoints new CEO and makes changes to the board

Iao Kun Group Holding, which operates through its subsidiaries as a VIP room gaming promoter, announced a raft of changes to its management structure and board.

The company said Vong Hon Kun, formerly the chief operating officer of IKGH, has been promoted to chief executive officer, and remains a director. Vong, 49, has served as COO since February 2010 and as COO was responsible for the day-to-day operation of IKGH and developing the VIP gaming patron market in mainland China and junket agent network throughout the country.

Lam Chou In, formerly an operating officer of IKGH, has been promoted to COO and has been appointed to the board of directors. 

Yip Cheuk Fai has been named the chief financial officer and has been appointed to the board of directors.

In addition, Kwok Chi Chung has been appointed to the board of directors as an independent director and will serve on the company’s Audit and Nominating Committees. Kwok joined the Macau Judiciary Police in 1985 and was appointed the first Chief Coordinator of its Gaming-related Crimes Division in March 2003, where he was responsible for the prevention and investigation of crimes in Macau casinos. 

The appointments were made following the resignations of former CEO Leong Siak Hung and various other senior members of staff. 

“Each has resigned for personal and/or medical reasons and not because of any disagreements with IKGH,” the company said.