Macau casino junket operator Iao Kun Group Holding Company Limited (IKGH) has completed the acquisition of all of the profit interests of Lou Kan Kuong for acting as a junket operator for Crown Perth Casino and Crown Melbourne Casino, in Australia.

Lou Kan Kuong, who is currently an officer of IKGH, recently entered into agreements to act as a junket operator for Crown casinos in Melbourne and is expected to begin generating revenues under these agreements on May 16.

“Today marks an important step in beginning to diversify our sources of revenue and expanding our presence internationally,” said IKGH Chairman Lam Man Pou. “We’re excited to begin bringing our VIP clients to Australia and remain committed to finding additional opportunities to further expand our presence overseas and ultimately generating long-term value for our shareholders.”

IKGH considers this move as a major step towards the company’s expansion on international markets, diversifying their sources of revenue is among their top priorities.