LINUF LiNiu Technology Group (CE)

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of May 2015

 

Commission File Number: 001-53087

 

IAO KUN GROUP HOLDING COMPANY LIMITED

 

 

(Translation of registrant’s name into English)

 

Unit 605, East Town Building, 16 Fenwick Street, Wanchai, Hong Kong

(Address of Principal Executive Office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x

Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ¨           No x

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_______________.

 

 

Other Events.

 

Iao Kun Group Holding Company Limited (the “Company”) previously announced that its Board of Directors authorized a regular semi-annual cash dividend of $0.026 per outstanding ordinary share each year after the release of the Company’s financial results for the six months ending June 30, and, for each year after the release of the Company’s year-end financial results, an amount per outstanding ordinary share equal to (i) 15% of the Company’s non-GAAP net income for the most recently completed fiscal year less the amount paid pursuant to the six-month dividend described above, divided by (ii) the number of ordinary shares outstanding on the record date for such dividend (the “Annual Dividend”).

 

On May 22, 2015, the Company issued a press release announcing that the 2014 Annual Dividend will be $0.0169 per ordinary share outstanding as of June 5, 2015 and that the payment date for the 2014 Annual Dividend will be June 22, 2015.

 

The press release is attached hereto as Exhibit 99.1.

 

Financial Statements and Exhibits.

 

Exhibit No.		Description
99.1		Press Release dated May 22, 2015

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated:  May 26, 2015	IAO KUN GROUP HOLDING COMPANY LIMITED
	By:	/s/ Yip Cheuk Fai
		Name: Yip Cheuk Fai
		Title:  Chief Financial Officer

 

 

EXHIBIT INDEX

 

Financial Statements and Exhibits.

 

Exhibit No.		Description
99.1		Press Release dated May 22, 2015

 

 

Exhibit 99.1

 

IAO KUN GROUP HOLDING COMPANY LIMITED ANNOUNCES 2014 ANNUAL CASH DIVIDEND

 

Hong Kong, China – May 22, 2015 – Iao Kun Group Holding Company Limited (“IKGH” or the “Company”) (NASDAQ: IKGH), which operates through its subsidiaries and related promotion entities that act as VIP room gaming promoters and a collaborator, previously announced that its Board of Directors had authorized a regular semi-annual dividend (the “Six-Month Dividend”) equal to (i) 15% of IKGH’s non-GAAP net income for the most recently completed six months ended June 30, divided by (ii) the number of ordinary shares outstanding on the record date for such dividend.

 

In addition, for each year after the release of the Company’s year-end financial results, the Board had authorized a regular dividend (the “Annual Dividend”) equal to (i) 15% of the Company’s non-GAAP net income for the most recently completed fiscal year less the amount paid pursuant to the Six-Month Dividend, divided by (ii) the number of ordinary shares outstanding on the record date for such dividend.

 

The Company today announced the 2014 Annual Dividend will be $0.0169 per ordinary share outstanding to shareholders of record as of June 5, 2015 and that the payment date will be June 22, 2015.

 

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 a collaborator, and is entitled to receive all of the profits of the VIP gaming promoters and a collaborator from VIP gaming rooms. IKGH’s VIP room gaming promoters and collaborator 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.

 

Forward Looking Statements

 

This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of IKGH's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements.

 

Contact

 

James Preissler

646-450-8808

preissj@ikghcl.com