Iao Kun Group Holding Company Limited announced that it has made the management and Board of Directors changes, effective immediately: Vong Hon Kun, formerly the Chief Operating Officer of IKGH, has been promoted to Chief Executive Officer of the company, and remains a director of the company. Mr. Vong, age 49, has served as COO of the company since February 2010 and as COO. Lam Chou In, formerly an Operating Officer of the company, has been promoted to Chief Operating Officer of the company and has been appointed to the Board of Directors.

Mr. Lam, age 45, has served as an Operating Officer of the company since February 2010 and is also a significant shareholder. As an Operating Officer, Mr. Lam was responsible for client relationships and client development, and for the supervision of company's agent network. Yip Cheuk Fai has been named the Chief Financial Officer of the company and has been appointed to the Board of Directors.

Mr. Yip, age 35, was previously the Chief Financial Officer and Secretary of China Huitong Finance Holdings Limited. Prior thereto, Mr. Yip was Project Director/Business Development Director of Power Capital Global Limited; Corporate Controller, China division of Vimecto NV; Finance Manager for Prosperity Minerals Holdings Limited. In addition, Kwok Chi Chung has been appointed to company's Board of Directors as an independent director and will serve on company's Audit and Nominating Committees.

Mr. Kwok, age 60, 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 due to the resignations of Leong Siak Hung from his position as Chief Executive Officer and a director of the company, Raymond Li Chun Ming from his position as Chief Financial Officer and a director of the company, and George Chui Vai Hou as a director of the company.