Macau casino junket operator Iao Kun Group Holdings Ltd.’s rolling chip turnover in Macau has improved despite posting a 44 percent, year-on-year fall in July.

Iao Kun’s rolling chip turnover rose to US$250 million in July from US$230 million in June, which indicates that the Macau VIP gambling room investor is slowly recuperating back to profitability.

But in terms of year-on-year comparison, Iao Kun’s data for July 2016 is lower than the US$440 million it posted in the same period of 2016. Its win rate for the month of July was 3.20 percent, Iao Kun said in a statement.

The Nasdaq-listed firm’s rolling chip turnover for the first seven months of 2016 was down 47 percent year-on-year US$2.30 billion or an average of US$330 million per month. During the same period in 2015, the firm recorded aggregate roll of US$4.36 billion, an average of US$620 million per month.