LiNiu Technology (LINUF) 6-K 2 Sep 14 2014 Q2 Iao Kun Group Holding Company Limited Announces Second Quarter and Six Months 2014 Financial Results Financial data

Document_And_Entity_Informatio

Document And Entity Information	6 Months Ended
	Jun. 30, 2014
Document Information [Line Items]	'
Entity Registrant Name	'Iao Kun Group Holding Co Ltd
Entity Central Index Key	'0001417754
Current Fiscal Year End Date	'--12-31
Entity Filer Category	'Accelerated Filer
Trading Symbol	'IKGH
Entity Common Stock, Shares Outstanding	0
Document Type	'6-K
Amendment Flag	'false
Document Period End Date	30-Jun-14
Document Fiscal Period Focus	'Q2
Document Fiscal Year Focus	'2014

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Dec. 31, 2013
CURRENT ASSETS	'	'
Cash and Cash Equivalents	$9,012,310	$7,563,097
Accounts Receivable, Net	2,606,378	5,182,352
Markers Receivable	214,400,733	242,350,301
Prepaid Expenses and Other Assets	139,179	502,017
Total Current Assets	226,158,600	255,597,767
Intangible Assets (net of accumulated amortization of $33,938,905 and $25,739,786 at June 30, 2014 and December 31, 2013, respectively)	130,214,040	138,336,945
Goodwill	17,762,382	17,754,136
Property and Equipment (net of accumulated depreciation of $72,693 and $38,654 at June 30, 2014 and December 31, 2013, respectively)	386,496	116,419
Other Assets	23,438	23,423
TOTAL ASSETS	374,544,956	411,828,690
CURRENT LIABILITIES	'	'
Lines of Credit Payable	32,080,794	42,670,573
Accrued Expenses	16,068,876	15,701,756
Loan Payable, Shareholders, current	2,649,637	5,809,075
Total Current Liabilities	105,743,316	111,668,955
Total Liabilities	163,100,794	142,736,723
COMMITMENTS AND CONTINGENCIES	'	'
SHAREHOLDERS' EQUITY	'	'
Preferred Shares, $0.0001 par value Authorized 1,150,000 shares; none issued	0	0
Ordinary Shares, $0.0001 par value, Authorized 500,000,000 shares; 57,891,524 and 59,306,824 issued and outstanding at June 30, 2014 and December 31, 2013, respectively.	5,788	5,930
Additional Paid-in Capital	122,135,909	126,329,321
Retained Earnings	88,734,429	142,270,385
Accumulated Comprehensive Income	568,036	486,331
Total Shareholders' Equity	211,444,162	269,091,967
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	374,544,956	411,828,690
Bao Li Gaming [Member]	'	'
CURRENT LIABILITIES	'	'
Acquisition-Contingent Purchase Price Obligation	25,069,009	16,837,500
Acquisition-Contingent Purchase Price Obligation, net of current portion	19,230,478	16,189,550
Kings Gaming [Member]	'	'
CURRENT LIABILITIES	'	'
Acquisition-Contingent Purchase Price Obligation	0	9,000,000
Oriental VIP Room [Member]	'	'
CURRENT LIABILITIES	'	'
Acquisition-Contingent Purchase Price Obligation	29,875,000	21,650,051
Acquisition-Contingent Purchase Price Obligation, net of current portion	$38,127,000	$14,878,218

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Jun. 30, 2014	Dec. 31, 2013
Accumulated amortization	$33,938,905	$25,739,786
Accumulated depreciation	$72,693	$38,654
Preferred Stock, Par Value (in dollars per share)	$0.00	$0.00
Preferred Stock, Shares Authorized	1,150,000	1,150,000
Preferred Stock, Shares Issued	0	0
Common Stock, Par value (in dollars per share)	$0.00	$0.00
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	57,891,524	59,306,824
Common Stock, Shares, Outstanding	57,891,524	59,306,824

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenue from VIP Gaming Operations	$49,693,760	$63,544,865	$129,632,382	$125,663,364
Total Revenues	49,693,760	63,544,865	129,632,382	125,663,364
Expenses	'	'	'	'
- Commission to Junket Agents	49,433,571	47,651,409	104,498,770	90,392,261
- Selling, General and Administrative Expenses	7,321,562	6,325,662	13,860,663	9,981,531
- Special Rolling Tax	467,118	446,199	943,965	855,794
- Amortization of Intangible Assets	4,092,313	2,548,542	8,181,251	4,977,454
Total Expenses	61,314,564	56,971,812	127,484,649	106,207,040
Operating income (loss) attributable to ordinary shareholders before change in fair value of contingent consideration	-11,620,804	6,573,053	2,147,733	19,456,324
Change in Fair Value of Contingent Consideration for the Acquisitions of King's Gaming, Bao Li Gaming and Oriental VIP Room	-45,094,840	-9,551,634	-55,683,689	-15,481,200
Net Income (Loss) Attributable to Ordinary Shareholders	-56,715,644	-2,978,581	-53,535,956	3,975,124
Other Comprehensive Income	'	'	'	'
Foreign Currency - Translation Adjustment	176,984	208,433	81,705	-163,706
Total Comprehensive Income (Loss)	($56,538,660)	($2,770,148)	($53,454,251)	$3,811,418
Net Income (Loss) Per Share	'	'	'	'
Basic (in dollars per share)	($0.94)	($0.06)	($0.89)	$0.09
Diluted (in dollars per share)	($0.94)	($0.06)	($0.89)	$0.09
Weighted Average Shares Outstanding	'	'	'	'
Basic (in dollars per share)	60,258,015	45,936,661	60,329,793	44,945,080
Diluted (in dollars per share)	60,258,015	45,936,661	60,329,793	45,186,102

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Comprehensive Income (Loss) [Member]
Balances at Dec. 31, 2013	$269,091,967	$5,930	$126,329,321	$142,270,385	$486,331
Balances (in shares) at Dec. 31, 2013	'	59,306,824	'	'	'
Ordinary shares repurchased and retired	-4,193,554	-142	-4,193,412	0	0
Ordinary shares repurchased and retired (in shares)	'	-1,415,300	'	'	'
Net loss	-53,535,956	0	0	-53,535,956	0
Foreign currency translation adjustment	81,705	0	0	0	81,705
Balances at Jun. 30, 2014	$211,444,162	$5,788	$122,135,909	$88,734,429	$568,036
Balances (in shares) at Jun. 30, 2014	'	57,891,524	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'	'
Net (loss) income	($53,535,956)	$3,975,124
Adjustments to reconcile net (loss) income to net cash provided by operating activities	'	'
Amortization of intangible assets	8,181,251	4,977,454
Change in fair value of contingent purchase price obligation for the acquisition of King's Gaming, Bao Li Gaming and Oriental VIP Room	55,683,689	15,481,200
Depreciation	33,997	13,131
Change in assets and liabilities	'	'
Accounts Receivable	2,576,519	-489,667
Markers Receivable	28,041,878	-18,608,308
Prepaid Expenses and Other Assets	362,809	49,941
Deferred Offering Costs Expensed	0	806,558
Lines of Credit Payable	-10,601,939	5,448,234
Accrued Expenses	361,103	5,146,226
Net cash provided by operating activities	31,103,351	16,799,893
CASH FLOW FROM INVESTING ACTIVITIES	'	'
Cash paid for Oriental VIP Room acquisition	0	-10,000,000
Purchase of property and equipment	-303,824	-65,074
Net cash used in investing activities	-303,824	-10,065,074
CASH FLOW FROM FINANCING ACTIVITIES	'	'
Cash paid for shares repurchased	-4,193,554	-2,728,912
Professional fee payment for rights offering	0	-2,067,809
Proceeds from issuance of ordinary shares	0	29,354,850
Proceeds from shareholder loans	0	1,071,670
Repayment of shareholder loans	-3,161,390	0
Dividend paid	0	-4,142,199
Net cash (used in) provided by financing activities	-29,354,944	12,487,600
Net increase in cash and cash equivalents	1,444,583	19,222,419
Effect of foreign currency translation on cash	4,630	-25,898
Cash and cash equivalents at beginning of period	7,563,097	20,644,296
Cash and cash equivalents at end of period	9,012,310	39,840,817
Non-cash Financing Activities	'	'
Ordinary shares issued for repayment of debt	0	34,197,930
Oriental VIP Room [Member]	'	'
Non-cash Investing Activities	'	'
Estimated contingent purchase price	0	47,813,997
Bao Li Gaming [Member]	'	'
CASH FLOW FROM FINANCING ACTIVITIES	'	'
Contingent consideration paid for acquisition	-13,000,000	0
Kings Gaming [Member]	'	'
CASH FLOW FROM FINANCING ACTIVITIES	'	'
Contingent consideration paid for acquisition	($9,000,000)	($9,000,000)

Organization_and_Business_of_C

Organization and Business of Companies	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Business Description and Basis of Presentation [Text Block]	'
	Note 1 – Organization and Business of Companies
	Iao Kun Group Holding Company Limited (formerly Asia Entertainment & Resources Ltd. and formerly CS China Acquisition Corp.) ("Iao Kun" or the “Company”) was incorporated in the Cayman Islands on September 24, 2007 as a blank check company whose objective was to acquire, through a share exchange, asset acquisition or other similar business combination, an operating business, or control of such operating business through contractual arrangements, that has its principal operations located in People’s Republic of China (“PRC”, “China”). On September 30, 2013, the Company changed its name from Asia Entertainment & Resources Ltd (“AERL”). The decision to change the name of the Company was to enhance the Company’s brand image in Macau.
	On October 6, 2009, Iao Kun entered into a Stock Purchase Agreement, subsequently amended on November 10, 2009, December 9, 2009, January 11, 2010 and April 18, 2011 (the “Agreement”), with Asia Gaming & Resort Limited and its wholly owned subsidiaries, (collectively “AGRL”) and Spring Fortune Investments Ltd. (“Spring Fortune”) that provided for the acquisition by Iao Kun from Spring Fortune of all of the outstanding capital stock of AGRL.  On February 2, 2010, the acquisition was consummated pursuant to the terms of the Agreement, and AGRL became a wholly owned subsidiary of Iao Kun.
	Upon the closing of the acquisition of AGRL by Iao Kun, the Promoter Companies became variable interest entities (‘‘VIEs’’) of the subsidiaries of AGRL, which are the primary beneficiaries of the operations of the Promotion Entities through the profit interest agreements which were entered into on February 2, 2010 and agreements subsequent to that date.
	On November 10, 2010, the Company entered into an agreement to acquire the right to 100% of the profits derived by King's Gaming Promotion Limited (“King's Gaming”) from the promotion of the Wenzhou VIP Room at the Venetian Hotel and Casino in Macau as discussed in Note 8.
	On May 15, 2011 the Company opened a VIP gaming room at Galaxy Resort Macau located in Cotai, Macau.
	On June 16, 2011, the Company closed the VIP gaming room at the MGM Grand Hotel and Casino in Macau.
	Jubilee Dynasty Limited ("Jubilee Dynasty"), a subsidiary of AGRL, was incorporated on May 18, 2012.  The main asset of Jubilee Dynasty is the right to 100% of the profit derived by Bao Li Gaming Promotion Limited (“Bao Li” or “Bao Li Gaming”) from the promotion of a VIP gaming room at the City of Dreams Hotel and Casino in Macau, pursuant to a profit interest agreement between Jubilee Dynasty and Bao Li effective September 1, 2012.
	On September 5, 2012, the Company entered into an agreement to acquire the right to 100% of the profits derived by Bao Li Gaming from the promotion of a VIP gaming room at the City of Dreams Hotel and Casino in Macau as discussed in Note 9.
	Frontier Champion Limited ("Frontier Champion"), a subsidiary of AGRL, was incorporated on May 28, 2013.  The main asset of Frontier Champion is the right to 100% of the profit derived by the Collaborator from the promotion of a VIP gaming room at the Le Royal Arc Casino in Macau, pursuant to a profit interest agreement between Frontier Champion and the Collaborator effective July 1, 2013.
	On June 26, 2013, the Company entered into an agreement to acquire the right to 100% of the profits derived by Mr. Vong Veng Im from the promotion of a VIP gaming room at the Le Royal Arc Casino in Macau as discussed in Note 10. Beginning from November 2013, Ian Chou In functions as a Collaborator for the licensed gaming promoter of the VIP gaming rooms at Le Royal Arc Casino in Macau. According to Macau laws, a collaborator needs to enter into an agreement with a licensed gaming promoter and register with the Gaming Inspection and Coordination Bureau of the Macau SAR.
	Currently, Macau laws do not allow corporate entities, such as Iao Kun, to directly operate a gaming promotion business in Macau.   Consequently, Iao Kun’s gaming promotion business is operated through a series of contractual arrangements, including profit interest agreements that enable the AGRL subsidiaries to receive substantially all of the economic benefits of the Promoter Companies (“Promoter Companies”) and Collaborator (“Vong Veng Im” or “Oriental VIP Room”) (collectively “Promotion Entities”) and for AGRL to exercise effective control over the Promotion Entities.
	Management’s determination of the appropriate accounting method with respect to the AGRL VIEs is based on Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) Topic 810 “Consolidation of Variable Interest Entities" (“Topic 810”). AGRL consolidates the VIEs because the equity investors in the Promotion Entities do not have the characteristics of a controlling financial interest and Iao Kun through AGRL is the primary beneficiary.
	In accordance with FASB ASC Topic 810, the operations of the Promotion Entities are consolidated with those of Iao Kun for all periods subsequent to the closing of the acquisition of AGRL by Iao Kun.
	The operations of AGRL's Promotion Entities are based in Macau, and are subject to Macau jurisdiction. The Company operates a gaming promotion business in VIP gaming rooms located in hotels and casinos in Macau. Iao Kun, its subsidiaries (including AGRL) and the Promotion Entities are collectively referred to as the "Group".
	VIP Gaming Promoter and Collaborator Agreements
	Sang Heng’s Gaming Representative (VIP Room Promoter) Agreement dated as of February 1, 2008 entered into between Galaxy Casino, S.A., and Sang Heng allowed for the sharing of profits as a gaming representative of Iao Kun VIP Room in Star World Hotel and Casino in Macau for the period from November 30, 2007 to December 31, 2008. Pursuant to an agreement in October 2009, both parties agreed that Sang Heng should be compensated in accordance with Order no. 83/2009 of the Secretary for the Economy and Finances of the Macau SAR, which provides the maximum commission for gaming activity of promotion of games at 1.25% of the rolling chip volume. The agreement became effective on November 1, 2009. The agreement must be, and has been, renewed annually. Effective September 1, 2012, both parties agreed to change to the revenue sharing model to provide that Sang Heng be compensated based upon a mutually agreed upon percentage of the win/losses of the VIP gaming room.
	King’s Gaming’s Gaming Representative (VIP Room Promoter) Agreement was entered into in July 2008 between Venetian Macau S.A. and King's Gaming which allowed for the sharing of profits as a gaming representative of Wenzhou VIP Room in Venetian Hotel and Casino in Macau for the period ended December 31, 2008. The agreement was renewed in January 2009 for the period from January 1, 2009 to December 31, 2009. Pursuant to an agreement in September 2009, both parties agreed that King's Gaming should be compensated in accordance with Order no. 83/2009 of the Secretary for the Economy and Finances of the Macau SAR, which provides the maximum commission for gaming activity of promotion of games at 1.25% of the rolling chip volume. The agreement became effective on November 1, 2009. The agreement automatically renews annually. Effective September 1, 2012, both parties agreed to change to the revenue sharing model to provide that King’s Gaming be compensated based upon a mutually agreed upon percentage of the wins/losses of the VIP gaming room.
	Sang Lung’s Gaming Representative (VIP Room Promoter) Agreement dated as of June 24, 2011 entered into between Galaxy Casino, S.A., and Sang Lung allowed for Sang Lung to be compensated in accordance with Order no. 83/2009 of the Secretary for the Economy and Finances of the Macau SAR, which provides the maximum commission for gaming activity of promotion of games at 1.25% of the rolling chip volume. The agreement became effective on July 1, 2011. The agreement must be, and has been, renewed annually. Effective September 1, 2012, both parties agreed to change to the revenue sharing model to provide that Sang Lung be compensated based upon a mutually agreed upon percentage of the wins/losses of the VIP gaming room.
	Bao Li’s Gaming Promoter Agreement dated as of February 7, 2011 entered into between Melco Crown Gaming (Macau) Limited and Bao Li Gaming which allowed for Bao Li Gaming to be compensated in accordance with Order no. 83/2009 of the Secretary for the Economy and Finances of the Macau SAR, which provides the maximum commission for gaming activity of promotion of games at 1.25% of the rolling chip volume. The agreement automatically renews annually. As a matter of convenience and to maintain flexibility in remuneration methods, the Company also entered into an agreement with Melco Crown Gaming (Macau) Limited to share in the casino’s VIP gaming room wins/losses from the players recruited by the Company. Either the Gaming Promoter or the Casino Operator may adjust these arrangements with adequate notice and agreement by both parties to the arrangement. Effective September 1, 2012, both parties agreed to change to the revenue sharing model to provide that Bao Li Gaming be compensated based upon a mutually agreed upon percentage of the wins/losses of the VIP gaming room.
	The Collaborator Agreement dated October 15, 2013 entered into between the licensed gaming promoter of Le Royal Arc Casino and the Collaborator allows the Collaborator to be compensated based upon a mutually agreed-upon percentage of the win/losses of the Oriental VIP Room at the Le Royal Arc Casino.

Summary_of_Significant_Account

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

'

Significant Accounting Policies [Text Block]

'

Note 2 — Summary of Significant Accounting Policies

Basis of Presentation

The consolidated financial statements as of June 30, 2014 and for the three and six month periods ended June 30, 2014 and 2013 are unaudited. The accompanying unaudited consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial reporting. In the opinion of management, all adjustments (consisting of normal recurring adjustments) have been made that are necessary to present fairly the financial position of the Company as of June 30, 2014 and the results of its operations and cash flows for the three and six month periods ended June 30, 2014 and 2013. Operating results as presented are not necessarily indicative of the results to be expected for a full year. These financial statements and related notes should be read in conjunction with the financial statements and notes thereto included in the Company’s Form 20-F filed on April 30, 2014 with the Securities and Exchange Commission for the year ended December 31, 2013.

Principles of Consolidation

The operations of the Promotion Entities are consolidated with those of AGRL and its wholly owned subsidiaries and Iao Kun as of June 30, 2014 and December 31, 2013 and for the three and six months ended June 30, 2014, and 2013. Intercompany transactions and account balances have been eliminated. Unless otherwise indicated all currency amounts are in United States Dollars.

Fiscal Year End

The fiscal year end of the Company is December 31.

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires the management to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the management and on various other assumptions that the management believes to be reasonable under the circumstances. The Company has made significant estimates of the contingent purchase price due for the King's Gaming, Bao Li Gaming and the Oriental VIP Room acquisitions in these consolidated financial statements. Actual results could vary from those estimates.

Revenue Recognition

Revenue from VIP gaming room promotion operations is recorded monthly based upon the Promotion Entities’ share of the net gaming wins/losses in VIP gaming rooms. The amounts due to the Promotion Entities are calculated and reported by the Casino Operators and the Promotion Entities on a monthly basis, usually within two days of the month end.

Additionally, the Promotion Entities earn revenues based upon percentages of non-negotiable chips exchanged in the VIP gaming rooms (typically 0.05%), which is available to offset costs incurred for accommodations, food and beverage and other services furnished to players and is included in gross revenues.  These revenues are included in revenue from VIP gaming room promotion operations in the accompanying consolidated statements of operations.

On August 1, 2012, the Company announced that, beginning on September 1, 2012, it would be changing its remuneration model from a fixed commission model of 1.25% of the rolling chip turnover to a revenue sharing model. The decision to change from the fixed commission model to the revenue sharing model was made as a result of the Company’s expansion into four VIP gaming rooms with the ability to spread the risk of fluctuations surrounding gaming wins and losses. Additionally, management has initiated a program for junket agents who purchase non-negotiable chips in cash from the Promotion Entities (“super agent”), allowing the super agent to assume some of the risk of gaming losses or receive increased commissions as a result of gaming wins.

Win rate was 2.18%, and 3.06% during the three months ended June 30, 2014 and 2013, respectively; and 2.9% and 3.17% during the six months ended June 30, 2014 and 2013, respectively. The win rate is the percentage of rolling chip turnover exchanged in the VIP gaming room that is won by the casino (gross wins and losses divided by rolling chip turnover). Total rolling chip turnover in the Group’s VIP gaming rooms was approximately $4,671,029,000 and $ 4,464,312,000 during the three months ended June 30, 2014 and 2013, respectively; and $9,439,421,000 and $8,560,354,000 during the six months ended June 30, 2014 and 2013, respectively.

VIP Gaming Room Cage and Marker Accounting

In the VIP gaming rooms, VIP gaming patrons primarily purchase non-negotiable chips from the cage either with cash, cash chips, cashier’s order, or markers (short term, non-interest bearing loans). Non-negotiable chips can only be used to make wagers. Winning wagers are paid in cash chips. If the VIP gaming patrons continue to play, they must exchange the cash chips for non-negotiable chips, which is the basis for commission.  The exchange of the non-negotiable chips by the VIP gaming patrons in the VIP gaming room is recorded as rolling chip turnover and provides a basis for measuring VIP gaming room win percentage. It is customary in Macau to measure VIP gaming room play using this rolling chip method.

A VIP gaming patron can be a player, a junket agent or a super agent. Whoever signs on the marker and takes delivery of the non-negotiable chips at the casino cage and carries them over to the game table is the borrower. It is also common practice that the VIP gaming patron taking delivery of the non-negotiable chips shares the chips with other VIP gaming patrons for the purpose of achieving a higher rolling volume (if the VIP gaming patron is a junket agent, they are entitled to receive commission even when the non-negotiable chips are wagered by third parties acquainted with them) without receiving immediate payment in cash for the non-negotiable chips. Under Macau law, licensed gaming promoters are permitted to extend credit to VIP gaming patrons creating a civil obligation to pay. This credit is typically unsecured but is generally offset by the commissions payable to a junket agent.

The Group, through the Promotion Entities, extends credit to junket agents. A majority of the Group’s consolidated markers receivable are owed by junket agents from Macau and the rest are primarily in Asia. In addition to enforceability issues, the collectability of markers receivable from foreign junket agents is affected by a number of factors including changes in economic conditions in the junket agents’ home countries. As of June 30, 2014 and December 31, 2013, markers receivable amounted to $214,400,733 and $242,350,301, respectively.

The Group may not be able to collect all of their markers receivable from the junket agents. Management expects that the Group will be able to enforce these obligations only in a limited number of jurisdictions, including Macau and Hong Kong. To the extent that junket agents of the Group, through the Promotion Entities, are from other jurisdictions, the Group may not have access to a forum in which they will be able to collect all of their markers receivable because, among other reasons, courts of many jurisdictions do not enforce gaming debts and the Group may encounter forums that will refuse to enforce such debts. The Group’s inability to collect gaming debts could have a significant negative impact on their operating results.

The following is a summary of an aging of the Company’s markers receivable by jurisdiction that may refuse to enforce such debts:

Jurisdiction/Aging

June 30,

% of total

December 31,

% of total

2014

markers

2013

markers

receivable

receivable

PRC

0-30 days

$

40,744,229

$

53,574,330

31-60 days

17,285,782

30,406,634

61-90 days

18,861,205

7,011,955

Greater than 90 days

8,006,142

2,185,997

Total

$

84,897,358

40

%

$

93,178,916

38

%

The Group regularly evaluates the allowance for uncollectible marker receivable based on a specific review of junket agent accounts as well as management’s prior experience with collection trends in the casino industry and current economic and business conditions. Messrs. Lam and Vong guaranteed all markers receivable in the Company’s VIP gaming rooms until June 25, 2014, upon the execution of a termination agreement for the guarantees and loan agreements. The guarantees by Messrs. Lam and Vong did not cover markers receivable attributable to the junket agent networks of Mr. Mok, Mr. Lou and Mr. Lei or Mr. Vong Veng Im as described below. The guarantee of Messrs. Lam and Vong allowed for offset against the loans provided by them for the working capital. Upon the acquisition of King’s Gaming, Mr. Mok has guaranteed the collection of all markers receivable attributable to Mr. Mok and his network of junket agents at both King’s Gaming’s existing VIP gaming room and the Company’s existing and future VIP gaming rooms. Upon the acquisition of Bao Li Gaming, Mr. Lou and Mr. Lei guaranteed the collection of all markers receivable attributable to them and their network of junket agents at both Bao Li Gaming’s existing VIP gaming room and the Company’s existing and future VIP gaming rooms through December 31, 2015. Upon the acquisition of the Oriental VIP room, Mr. Vong Veng Im guaranteed the collection of all markers receivable attributable to the Collaborator and his network of junket agents at both the Oriental VIP Room existing and the Company’s existing and future VIP gaming rooms through June 30, 2016. Therefore, as of June 30, 2014 and December 31, 2013, management believes that an allowance for uncollectible markers receivable is not necessary.

Fair Value of Financial Instruments

FASB ASC Topic 820 “Fair Value Measurements and Disclosures” defines fair value, the methods used to measure fair value and the expanded disclosures about fair value measurements. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between the buyer and the seller at the measurement date. In determining fair value, the valuation techniques consistent with the market approach, income approach and cost approach shall be used to measure fair value. FASB ASC Topic 820 establishes a fair value hierarchy for inputs, which represent the assumptions used by the buyer and seller in pricing the asset or liability. These inputs are further defined as observable and unobservable inputs. Observable inputs are those that buyer and seller would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the inputs that the buyer and seller would use in pricing the asset or liability developed based on the best information available in the circumstances.

The fair value hierarchy is categorized into three levels based on the inputs as follows:

Level 1 —

Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Valuation adjustments and block discounts are not being applied. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these securities does not entail a significant degree of judgment.

Level 2 —

Valuations based on (i) quoted prices in active markets for similar assets and liabilities, (ii) quoted prices in markets that are not active for identical or similar assets, (iii) inputs other than quoted prices for the assets or liabilities, or (iv) inputs that are derived principally from or corroborated by market through correlation or other means.

Level 3 —

Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

For certain of the Group's financial instruments, none of which are held for trading purposes, including cash and cash equivalents, accounts receivable, markers receivable, certain other current assets, lines of credit payable, accrued expenses, and loan payable to shareholders, the carrying values of these financial instruments approximate their fair value due to their short maturities.  The payables-King’s Gaming, Bao Li Gaming and Oriental VIP Room acquisitions were initially recognized for the fair values of the acquisition contingent consideration and are adjusted to the fair value at each subsequent reporting date (see Notes 8, Note 9 and Note10).

At least annually, management determines if the current valuation techniques used in the fair value measurements are still appropriate and evaluates and adjusts the unobservable inputs used in the fair value measurements based on current market conditions and other information. There were no changes in the valuation techniques during the six months ended June 30, 2014. Additional information regarding the valuation technique and inputs used is as follows:

Quantitative Information about Level 3 Fair Value Measurements

Fair Value

Contingent

as of

Valuation

Unobservable Input

Range

Consideration

6/30/14

Techniques

Oriental VIP Room

$

68,002,000

Forecasted Performance, 2014-June 2016

Chip Turnover Annual Growth

(5%) - (40%)

Monte Carlo Method

Average Simulated Share Prices

$2.90- $2.92

Bao-Li Gaming

$

44,299,487

Forecasted Performance, 2014-2015

Chip Turnover Annual Growth

(5%) - (40%)

Monte Carlo Method

Average Simulated Share Prices

$2.84- $3.02

The significant unobservable inputs used in the fair value measurement of the Company’s contingent consideration for the Bao Li Gaming and Oriental VIP Room acquisitions are the forecasted performance results of the operations of Bao Li Gaming and Oriental VIP Room and the simulated share prices of the Company’s Ordinary Shares under the Monte Carlo method. Significant increases (decreases) in any of those inputs in isolation would result in a significantly higher (lower) fair value measurement.

Cash and Cash Equivalents

Cash and cash equivalents consist of cash, cash chips, non-negotiable chips and short-term investments with original maturities of less than 90 days. Cash equivalents are placed with high credit quality financial institutions.

Accounts Receivable and Concentration of Credit Risk

Accounts receivable are principally comprised of net gaming revenues, fees and incentives revenues receivable, which do not bear interest and are recorded at amounts due from the Casino Operators.

When deemed necessary, the Group records an allowance for doubtful accounts which represents management’s best estimate of the amount of probable credit losses in the Group’s existing accounts receivable. Management believes that all outstanding balances are collectible and therefore an allowance has not been established. Although management believes that no allowance is currently necessary, it is possible that the estimated amount of cash collections with respect to accounts receivable could change.

Earnings Per Share

Basic net earnings (loss) per common share is computed by dividing net earnings (loss) applicable to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted net earnings (loss) per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents, consisting of shares that might be issued upon exercise of common stock options. In periods where losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive.

The calculations of earnings per share are computed as follows for the three and six months ended June 30, 2014 and 2013:

Three Months

Three Months

Six Months

Six Months

Ended

Ended

Ended

Ended

June 30, 2014

June 30, 2013

June 30, 2014

June 30, 2013

Numerator:

Net (loss) income attributable to Ordinary Shareholders for basic and diluted earnings per share

$

-56,715,644

$

-2,978,581

$

-53,535,956

$

3,975,124

Denominator:

Denominator for basic (loss) earnings per share

- Weighted-average Ordinary Shares outstanding during the period

60,258,015

45,936,661

60,329,793

44,945,080

Effect of dilutive securities:

- Bao Li Gaming earn out shares

-

-

-

241,022

Denominator for diluted (loss) earnings per share

60,258,015

45,936,661

60,329,793

45,186,102

Basic (loss) earnings per share

$

-0.94

$

-0.06

$

-0.89

$

0.09

Diluted (loss) earnings per share

$

-0.94

$

-0.06

$

-0.89

$

0.09

King’s Gaming did not meet its 2013 Gross Profit Target to exceed $8,860,000 and no incentive shares were issued. Bao Li Gaming met its rolling chip turnover target of $5,000,000,000 in 2013 and 1,250,000 ordinary shares were issued during the third quarter of 2014. The Oriental VIP Room met its rolling chip turnover target of $5,000,000,000 in 2014 and 1,250,000 ordinary shares will be issued during the third quarter of 2014. The issuable 1,250,000 ordinary shares have been included in basic loss per share based on the weighted average shares for the three and six months ended June 30, 2014 but incremental shares from the assumed outstanding  earn out shares as of the beginning of each period excluded from the calculation of diluted loss per shares because the effect would have been anti-dilutive.

In 2011, the Company decided that a portion of the Directors fees and officers remuneration would be paid in Ordinary Shares. The shares are to be issued in January of each year.  A total of 60,610 ordinary shares were issued in July 2013 to satisfy the Company’s obligations for 2012 and have been included in basic and diluted earnings per share based on the weighted average shares for the three and six months ended June 30, 2013. A total of 60,790 ordinary shares were issued during the third quarter of 2014 to satisfy the Company’s obligations for 2013 and have been included in basic and diluted earnings per share based on the weighted average shares for the three and six months ended June 30, 2014. A liability of approximately $310,000 and $209,000 is included in accrued expenses at June 30, 2014 and December 31, 2013, respectively.

The Company had 1,440,000 dilutive potential Ordinary Shares related to the Underwriter Unit Purchase Option (UPO). The UPO expired on August 10, 2013.

The Company issued one transferable subscription right for each two ordinary shares then owned to stockholders of record on June 3, 2013. Accordingly, as required by FASB ASC Topic 260 “Earnings Per Share” the number of weighted average Ordinary Shares outstanding for basic and diluted earnings per share have been increased retroactively by a factor of 1.081 for all periods presented before June 21, 2013. This factor represents the impact of the bonus element of the rights offering on the Company’s Ordinary Shares, based upon the closing price of the Ordinary Shares immediately prior to the rights trading separately from the Ordinary Shares on June 5, 2013 ($4.07 per share), and the expected proceeds from the rights offering.

Property and Equipment

Property and equipment is stated at cost. Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets ranging from two to five years, which do not exceed the lease term for leasehold improvements, if applicable.

Goodwill and Other Intangible Assets

The Company amortizes intangible assets over their estimated useful lives unless it is determined their lives to be indefinite. Goodwill and other intangible assets with indefinite lives are not amortized but are subject to tests for impairment at least annually. Management performs impairment tests more frequently than annually if events or circumstances indicate that the value of goodwill or intangible assets with indefinite lives might be impaired.

The following are the useful lives of the respective finite-lived intangible assets:

Bad Debt Guarantee

3 to 5.5 years

Based upon six months after the expiration of the employment agreement or at the expiration of the employment agreement

Non-Compete agreement

9 to 11.7 years

Based upon the termination date of the casino's license or June 2022

Profit interest agreement

9 to 11.7 years

Based upon the termination date of the casino's license or June 2022

Indefinite Useful Life Assets

Goodwill is evaluated for possible impairment by comparing the fair value of a business unit with its carrying value, including the goodwill assigned to that business unit. Fair value of a business unit is estimated using a combination of income-based and market-based valuation methodologies. Under the income approach, forecasted cash flows of a business unit are discounted to a present value using a discount rate commensurate with the risks of those cash flows. Under the market approach, the fair value of a business unit is derived from recent market transactions involving merger and acquisition and/or publicly-traded guideline companies deemed broadly similar to the subject business unit. An impairment charge is recorded if the carrying value of the goodwill exceeds its implied fair value.  Assets with indefinite useful lives are not subject to amortization and are tested for impairment annually or more frequently if events or circumstances indicate that the assets might be impaired. The impairment test consists of a comparison of the fair value of the asset with its carrying amount. If the carrying amount of the asset exceeds its fair value, an impairment will be recognized in an amount equal to that excess. If the carrying amount of the asset does not exceed the fair value, no impairment is recognized.

Impairment of Long-lived Assets

The Company evaluates when events or circumstances indicate that the carrying amount of long-lived assets to be held and used might not be recoverable, the expected future undiscounted cash flows from the assets are estimated and compared with the carrying amount of the assets. If the sum of the estimated undiscounted cash flows was less than the carrying amount of the assets, an impairment loss would be recorded. The impairment loss would be measured on a location by location basis by comparing the fair value of the asset with its carrying amount. Long-lived assets that are held for disposal are reported at the lower of the assets’ carrying amount or fair value less costs related to the assets’ disposition. No impairment has been recognized.

Advertising Costs

Costs for advertising and marketing are expensed the first time the advertising or marketing takes place or as incurred. Advertising and marketing costs for ongoing operations are included in selling, general and administrative expense.  During the three months ended June 30, 2014 and 2013, the Group incurred advertising costs of $229,676 and $29,453, respectively; and $547,638 and $32,304 for the six months ended June 30, 2014 and 2013, respectively.

Stock-Based Compensation

The Company awards stock and other equity-based instruments to its employees, directors and consultants (collectively "share-based payments"). Compensation cost related to such awards is recorded when earned.  Ordinary Shares are issued to the directors subsequent to year end based on average trading price prior to December 31 each year.  All of the Company's stock-based compensation is based on grants of equity instruments and no liability awards have been granted. All of the Company directors presently receive $20,000 payable in Ordinary Shares, valued at the average of the closing prices of the Ordinary Shares over the three-month period preceding the end of each fiscal year.

In December 2011, the shareholders approved the 2011 Omnibus Securities and Incentive Plan (the “Plan”). The purpose of the plan is to assist the Company in attracting, retaining and providing incentives to key management employees and nonemployee directors of, and nonemployee consultants to the Company and its Affiliates, and to align the interests of such employees, nonemployee directors and nonemployee consultants with those of the Company’s shareholders. The Plan provides for the granting of Distribution Equivalent Rights, Incentive Share Options, Non-Qualified Share Options, Performance Share Awards, Performance Unit Awards, Restricted Share Awards, Restricted Share Unit Awards, Share Appreciation Rights, Tandem Share Appreciation Rights, Unrestricted Share Awards or any combination of the foregoing up to a maximum of 200,000 Ordinary Shares, as may be best suited to the circumstances of the particular Employee, Director or Consultant. On April 24, 2012, 50,400 Ordinary Shares were issued and on July 3, 2013, 60,610 ordinary shares were issued. On July 17, 2014, 60,790 Ordinary Shares were issued.

Foreign Currency

The reporting currency of Iao Kun is in the United States dollar ("US $", "$", “Reporting Currency”).  The Group’s functional currency is the Hong Kong Dollar (“HKD $”, “Functional Currency”).  Monetary assets and liabilities denominated in currencies other than the Functional Currency are translated into the Functional Currency at rates of exchange prevailing at the balance sheet dates. Transactions denominated in currencies other than the Functional Currency are translated into the Functional Currency at the exchange rates prevailing on the dates of the transaction.

Exchange gains or losses arising from foreign currency transactions are included in the determination of net income for the respective period.

For financial reporting purposes, the consolidated financial statements of the Group, which are prepared using the Functional Currency, are then translated into the Reporting Currency. Assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses are translated at the average exchange rates and shareholders' equity is translated at historical exchange rates. Any translation adjustments resulting are not included in determining net income but are included in foreign currency translation adjustment in other comprehensive income, a component of shareholders' equity.

June 30,

June 30,

December 31,

2014

2013

2013

Period end HK$:US$ exchange rate

$

7.75

$

7.76

$

7.75

Average three-months ended HK$:US$ exchange rate

$

7.75

$

7.76

$

-

Average six-months ended HK$:US$ exchange rate

$

7.76

$

7.76

$

-

Average annual HK$:US$ exchange rate

$

-

$

-

$

7.76

Comprehensive Income

The Group follows standards for the reporting and display of comprehensive income and its components in the financial statements. Comprehensive income is defined as the change in equity of a company during the period from transactions and other events and circumstances excluding transactions resulting from investments from owners and distributions to owners. Accumulated comprehensive income, as presented on the accompanying consolidated statements of changes in equity, is the cumulative foreign currency translation adjustment.

Economic and political risks

The Group’s current operations are conducted in Macau and Hong Kong. Accordingly, the Group’s consolidated financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC and by the general state of the PRC economy.

The Group’s operations in Macau and Hong Kong are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Group’s consolidated results may be adversely affected by changes in the political and social conditions in the PRC and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad and rates and methods of taxation, among other things.

Recently Issued Accounting Pronouncements

Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

Accounts_Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2014
Receivables [Abstract]	'
Accounts Receivable Net [Text Block]	'
	Note 3 — Accounts Receivable
	Accounts receivable consisted of the following:
		June 30,		December 31,
		2014		2013
	Gaming revenues receivable	$	2,606,378	$	5,182,352
	As of December 31, 2013, accounts receivable were due from four Casino Operators and one gaming promoter and as of December 31, 2013 were 41%, 33%, 12%, 9% and 5% of total receivables, respectively.   As of June 30, 2014, accounts receivable were due from three Casino Operators and one gaming promoter and as of June 30, 2014 were 47%, 20%, 19%,and 14% of total receivables, respectively.

Intangible_Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Intangible Assets Disclosure [Text Block]	'
	Note 4 — Intangible Assets
	Intangible assets as of June 30, 2014 and December 31, 2013 consist of the following:
		Bad Debt		Non-Compete		Profit Interest		Total
		Guarantee		Agreement		Agreement
	Amortized intangible assets:
	Gross carrying amounts
	Balance as of December 31, 2013	$	606,374	$	1,824,021	$	161,646,336	$	164,076,731
	Foreign currency translation		414		628		75,172		76,214
	Balance as of June 30, 2014		606,788		1,824,649		161,721,508		164,152,945
	Accumulated amortization
	Balance as of December 31, 2013	$	320,842	$	325,156	$	25,093,788	$	25,739,786
	Amortization expense		63,632		88,127		8,029,492		8,181,251
	Foreign currency translation		133		310		17,425		17,868
	Balance as of June 30, 2014		384,607		413,593		33,140,705		33,938,905
	Total amortized intangible assets	$	222,181	$	1,411,056	$	128,580,803	$	130,214,040
		Goodwill
	Unamortized intangible assets:
	Balance as of December 31, 2013	$	17,754,136
	Foreign currency translation		8,246
	Balance as of June 30, 2014	$	17,762,382
	Amortization expense for the three months ended June 30, 2014 and 2013 was $4,092,313 and $2,548,542, respectively; and $8,181,251 and $4,977,454 for the six months ended June 30, 2014 and 2013, respectively.
	Estimated amortization expense of intangibles for the next five years and thereafter is as follows:
	2014(6 months)	$	8,187,162
	2015		16,374,325
	2016		16,278,117
	2017		16,246,970
	2018		16,246,970
	Thereafter		56,880,496
		$	130,214,040

Lines_of_Credit_Payable

Lines of Credit Payable	6 Months Ended
	Jun. 30, 2014
Payables and Accruals [Abstract]	'
Line Of Credit Payable [Text Block]	'
	Note 5 — Lines of Credit Payable
	Lines of Credit Payable consisted of the following:
		June 30,		December 31,
		2014		2013
	Due to Casino Operators	$	32,080,794	$	42,670,573
	Due to Casino Operators represents an advance of non-negotiable chips to Sang Heng, Sang Lung, King's Gaming and Bao Li Gaming and are interest free and renewable monthly and an advance of commission income for King’s Gaming.
	The Casino Operators have extended lines of credit totaling approximately $59,352,541 and $59,325,000 as of June 30, 2014 and December 31, 2013, respectively.  The lines of credit may be exceeded from time to time at the discretion of the Casino Operators.  The lines of credit for Sang Heng, Sang Lung and King’s Gaming are guaranteed by Mr. Lam or Mr. Vong and are secured by their personal checks and a deposit paid by Mr. Lam.  The line of credit for Bao Li Gaming is guaranteed by Mr. Lou and is secured by his personal check.

Accrued_Expenses

Accrued Expenses	6 Months Ended
	Jun. 30, 2014
Payables and Accruals [Abstract]	'
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	'
	Note 6 — Accrued Expenses
	Accrued Expenses consist of the following:
		June 30,		December 31,
		2014		2013
	Commission payable-the junket agents	$	13,204,556	$	13,806,535
	Management fee payable-related party (Note 13)		619,331		619,042
	Management and Directors' compensation		720,937		633,385
	Accrued listing expenses		791,845		-
	Others		732,207		642,794
		$	16,068,876	$	15,701,756

Loans_Payable_Shareholders

Loans Payable, Shareholders	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	Note 7 — Loans Payable, Shareholders
	On February 2, 2010, AGRL entered in to an agreement with Messrs. Lam and Vong to provide funding for working capital and to advance funds to the Promoter Companies.  Pursuant to the agreement, the loans will be in an amount not less than $19,300,000 on and after February 2, 2010 (the date of the acquisition of AGRL by Iao Kun), not less than $45,000,000 on and after March 31, 2010 and until the agreement is terminated. This funding commitment terminates at the end of the fiscal quarter that AGRL’s working capital is not less than $100,000,000, exclusive of any working capital provided by Messrs. Lam and Vong.  If at any time the balance exceeds the minimum requirement, Messrs. Lam and Vong may request repayment for the excess amount.
	On April 18, 2011, the terms of the loan agreement were amended and the loan amount totaling $60,000,000 ($30,000,000 each to Messrs. Lam and Vong) was fixed, non-interest bearing and due on April 18, 2014.   In conjunction with the loan amendment, the loans are convertible at the option of the lenders at a rate of $20 per Ordinary Share or an aggregate of 3,000,000 Ordinary Shares.  Additionally, should the closing price of the Ordinary Shares as reported by the Nasdaq Stock Market for any ten (10) consecutive Trading Days following the date of amendment equals or exceeds $25, the Company shall have the right to convert all of the loans at a rate of $20 per Ordinary Shares, or an aggregate of 3,000,000 Ordinary Shares.
	In conjunction with the rights offering completed in June 2013 (See Note 11), and the regulatory requirements of the Company’s planned listing of the Company’s Ordinary Shares on the Hong Kong Stock Exchange, the Company repaid $34,197,930 of the balance of the loans provided by Messrs. Lam and Vong. A total of 3,312,620 Ordinary Shares were issued at $4.50 per share and 6,430,380 were issued at $3.00 per share to reduce the outstanding shareholders loan balance. The balance of $25,802,070 was repaid out of the cash proceeds from the rights offering in July 2013. As a result of the loan repayments, the loans are no longer convertible under these terms.
	As of June 30, 2014 and December 31, 2013, the amount of the funding advanced to AGRL by Messrs. Lam and Vong was approximately $2,649,637 and $5,809,075, respectively.  Messrs. Lam and Vong also guaranteed to AGRL the repayment of the loans made by AGRL to the Promoter Companies.  Any amounts due to AGRL pursuant to the guaranty provided by Messrs. Lam and Vong could have, at AGRL's election, be offset against amounts owing Messrs. Lam and Vong by AGRL pursuant to the agreement. On June 25, 2014, the loans and related guarantees were terminated. All amounts due as of June 30, 2014 are considered short-term advances and are due on demand.

Acquisition_of_Kings_Gaming_Pr

Acquisition of King's Gaming Promotion Limited (Kings Gaming [Member])	6 Months Ended
	Jun. 30, 2014
Kings Gaming [Member]	'
Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block]	'
	Note 8—Acquisition of King’s Gaming Promotion Limited
	On November 10, 2010, the Company completed the purchase of the profit interest pursuant to  a Profit Interest Purchase Agreement  (“King’s Gaming Purchase Agreement”) with Mr. Mok  and Mr. Wong (together, the “King’s Gaming Seller”), to acquire the right to 100% of the profit interest derived by King’s Gaming, effective November 1, 2010, from the promotion of the Wenzhou VIP Room at the Venetian Hotel and Casino in Macau for an aggregate amount of (i) up to $36,000,000, of which $9,000,000 was paid at the closing, and (ii) 1,500,000 Ordinary Shares of the Company (the “Purchase Price”) issued at the closing. The balance of $27,000,000 of the Purchase Price will be maintained as working capital at the cage of King’s Gaming (and shall be the sole property of the Company until paid to the King’s Gaming Seller in accordance with the terms of the King’s Gaming Purchase Agreement) and shall be paid to the Seller in installments of $9,000,000 (each, an “Installment Payment”), subject to meeting a minimum Gross Profit requirement equal to $6,150,000 (the “Minimum Gross Profit Requirement”) for each of the three fiscal years following the closing date commencing with fiscal year 2011, which shall be evidenced by the management prepared financial statements of King’s Gaming approved by the Audit Committee of the Company.  In the event King’s Gaming fails to achieve the Minimum Gross Profit Requirement in any of the three fiscal years following the closing date, the Installment Payment shall be reduced by an amount equal to the product of (x) $9,000,000 and (y) the quotient obtained by dividing (A) the actual Gross Profit for such year, by (B) the Minimum Gross Profit Requirement.
	The Earnout Shares, Incentive Shares and Additional Incentive Shares (each as defined in the King’s Gaming Purchase Agreement) shall be released and issued to the Seller as follows:
		Gross Profit Target		Earnout/Incentive		Additional
	Year	For Earnout/Incentive Shares		Shares		Incentive Shares
	2011	$	6,150,000		500,000		*
	2012	$	7,380,000		500,000		*
	2013	$	8,860,000		500,000		*
	2014	$	9,740,000		100,000		*
	2015	$	10,720,000		100,000		*
	2016	$	11,790,000		100,000		*
	2017	$	12,970,000		100,000		*
	2018	$	14,260,000		100,000		*
	2019	$	15,690,000		100,000		*
	2020	$	17,260,000		100,000		*
	*- For each $1,000,000 in which the Gross Profit target for such year is exceeded, 10,000 Additional Incentive Shares will be issued.  The Seller is not entitled to any Additional Shares on a pro rata basis for multiples of less or greater than $1,000,000.
	For the year ended December 31, 2011, Incentive Shares of 500,000 were earned since King’s Gaming met its 2011 Gross Profit Target exceeding $6,150,000 and earned additional incentive shares of 20,000 by exceeding its Gross Profit Target by over $2,000,000.
	King’s Gaming did not meet its 2013 and 2012 Gross Profit Targets and no incentive shares were issued.
	Additionally, Mr. Mok has agreed to provide a personal guaranty, for so long as he is employed by the Company or King’s Gaming providing for the guaranty of all obligations of King’s Gaming and the Seller pursuant to the King’s Gaming Purchase Agreement, including, but not limited to any bad debts the Seller network of junket agents may have incurred or may incur in the future.
	As of November 10, 2010, the total estimated purchase price of $75,973,890, consisting of $9 million in cash, 1.5 million Ordinary Shares valued at $10.74 per share for a value of $16,110,000, and estimated contingent consideration of $50,863,890 consisting of contingent cash and Ordinary Shares, was allocated based on valuations performed to determine the fair values of the acquired assets, as follows:
	Gaming License Deposit	$	12,446
	Bad Debt Guarantee		466,116
	Non-Compete agreement		792,304
	Profit interest agreement		59,694,600
	Goodwill		15,008,424
	Total Estimated Purchase Price	$	75,973,890
	In accordance with the FASB ASC Topic 805 on business combinations, a liability of $50,857,564 was recognized for the estimated acquisition fair value of the contingent consideration based on the probability of the achievement of the Gross Profit targets at December 31, 2010. Any change in the fair value of the acquisition-related contingent consideration subsequent to the acquisition date, including changes from events after the acquisition date, such as changes in the Group’s estimate of the gross profit expected to be achieved, will be recognized in earnings in the period that estimated fair value changes. The fair value estimate assumes probability-weighted gross profits are achieved over the earn-out period. Actual achievement of gross profit range for this assumed earn-out period could reduce the liability to zero. A change in the fair value of the acquisition-related contingent consideration could have a material impact on the Group’s statement of operations and financial position in the period of change in estimate.  During the year ended December 31, 2013, the Company did not recognize any gains or losses due to the change in the fair value of the contingent consideration utilizing Level 3 fair value measurements as King’s Gaming only met the minimum Gross Profit requirement of $6,150,000 (the “Minimum Gross Profit Requirement”) but not the Gross Profit Target for 2013 and no ordinary shares are expected to be issued. During the three and six months ended June 30, 2014, the Company did not recognize any gains or losses due to the change in the fair value of the contingent consideration utilizing Level 3 fair value measurements as King’s Gaming is not expected to meet the Gross Profit Target for 2014 and no ordinary shares are expected to be issued.  Fluctuations in the market value of the Company's Ordinary Shares and subsequent performance will cause the fair value to increase or decrease and the resulting change will be recognized in earnings.
	The following is a reconciliation of the change in fair value of the contingent consideration:
	Contingent Consideration as of December 31, 2013	$	9,000,000
	Cash Consideration Paid		-9,000,000
	Ordinary Shares Issued		-
	Change in Fair Value of Contingent Consideration		-
	Foreign Currency Translation Adjustment		-
	Contingent Consideration Payable as of June 30, 2014	$	-
	Management has considered the factors that make up the goodwill recognized in the transaction including the reputation of the VIP gaming room and its former location at the Venetian Hotel and Casino on Cotai in Macau (now located at the Sands Cotai Central Casino). Additional factors include the synergies between the operations of King's Gaming and the operations of Sang Heng, Sang Lung, Bao Li and Oriental VIP Room, including the expanded network of junket agents and the ability to offer higher tier VIP players the opportunity to play at either a high end luxury Cotai location or a high end luxury downtown Macau location. These factors do not qualify for separate recognition in the overall purchase price allocation.

Acquisition_of_Bao_Li_Gaming_P

Acquisition of Bao Li Gaming Promotion Limited (Bao Li Gaming [Member])	6 Months Ended
	Jun. 30, 2014
Bao Li Gaming [Member]	'
Business Acquisition Integration Restructuring and Other Related Costs [Text Block]	'
	Note 9—Acquisition of Bao Li Gaming Promotion Limited
	On September 12, 2012, the Company completed the purchase of the profit interest pursuant to  a Profit Interest Purchase Agreement  (“Bao Li Purchase Agreement”) with Mr. Lou  and Mr. Lei (together, the “Bao Li Seller”), to acquire the right to 100% of the profit derived by Bao Li Gaming, effective September 1, 2012, from the promotion of the VIP gaming room at the City of Dreams Hotel and Casino in Macau for an aggregate amount of $15,000,000, of which $7,500,000 was paid upon the satisfaction of all conditions to closing and $7,500,000 paid at the closing (the “Purchase Price”). Additionally, the Company reimbursed the Seller approximately $146,026 for cash and incentive receivables acquired.
	For purposes of the Bao Li Purchase Agreement, “Base Rolling Chip Turnover” means $2,500,000,000 of non-negotiable chips that the Bao Li Seller’s network of junket agents purchases from Bao Li Gaming’s and the Company’s VIP gaming rooms attributable to the Bao Li Seller’s network of junket agents at Bao Li Gaming’s existing VIP gaming room and the Company’s existing and future VIP gaming rooms.
	In addition, as more fully set forth below, the Company is required to issue to the Bao Li Seller (i) up to an aggregate of $39,000,000 and 1,875,000 Ordinary Shares in the event certain rolling chip turnover targets are achieved for each of the three years following the closing date (the “Base Earnout Payment”), (ii) and additional cash payments and Ordinary Shares in the event the rolling chip turnover targets for each of the three years following the closing date are exceeded, in increments of $25,000,000 (the “Incremental Earnout Payment”).  For each $25,000,000 increment in which the rolling chip Turnover target for such year is exceeded, the Company shall pay an additional $130,000 and issue 6,250 Ordinary Shares.  The Bao Li Seller is not entitled to any additional Incremental Earnout Payments in the event that the Seller’s rolling chip turnover exceeds $5,000,000,000. As a result, in any year the maximum Incremental Earnout Payment cannot exceed $13,000,000 in cash and 625,000 in Ordinary Shares. In the event that the Seller fails to achieve the Base Rolling Chip Turnover in any year, the Bao Li Seller will not be entitled to receive any earnout payments.
	The Earnout Shares, Incentive Shares and Additional Incentive Shares (each as defined in the Bao Li Purchase Agreement) shall be released and issued to the Bao Li Seller as follows:
		Rolling Chip
		Turnover Target
	Year	For Base		Base Earnout		Base		Incremental
		Earnout		Cash		Earnout		Earnout
		Payments		Payments		Shares		Payment
	2013	$	2,500,000,000	$	13,000,000		625,000		*
	2014	$	2,500,000,000	$	13,000,000		625,000		*
	2015	$	2,500,000,000	$	13,000,000		625,000		*
	*- For each $25,000,000 increment in which the rolling chip turnover target for such year is exceeded, the Company shall pay an additional $130,000 and 6,250 Ordinary Shares will be issued.
	Additionally, Mr. Lou and Mr. Lei have agreed to provide personal guarantees, through December 31, 2015 providing for the guaranty of all obligations of Bao Li Gaming and the Seller pursuant to the Bao Li Purchase Agreement, including, but not limited to any bad debts the Bao Li Seller network of junket agents may have incurred or may incur in the future.
	As of September 12, 2012, the total estimated purchase price of $48,007,120 consisting of $15,146,026 in cash, and estimated contingent consideration of $32,861,094 consisting of contingent cash and Ordinary Shares has been allocated based on valuations performed to determine the fair values of the acquired assets as follows:
	Gaming License Deposit	$	12,520
	Cash and Incentive Receivables		146,026
	Bad Debt Guarantee		122,381
	Non-Compete agreement		723,484
	Profit interest agreement		45,016,159
	Goodwill		1,986,550
	Total Estimated Purchase Price	$	48,007,120
	In accordance with the FASB ASC Topic 805 on business combinations, a liability of $44,299,487 and $33,027,050 was recognized for the estimated acquisition fair value of the contingent consideration based on the probability of the achievement of the rolling chip turnover targets at June 30, 2014 and December 31, 2013, respectively. Any change in the fair value of the acquisition-related contingent consideration subsequent to the acquisition date, including changes from events after the acquisition date, such as changes in the Group’s estimate of the rolling chip turnover expected to be achieved, will be recognized in earnings in the period that estimated fair value changes. The fair value estimate assumes probability-weighted rolling chip turnover targets are achieved over the earn-out period. Actual achievement of rolling chip turnover targets for this assumed earn-out period could reduce the liability to zero. A change in the fair value of the acquisition-related contingent consideration could have a material impact on the Group’s statement of operations and financial position in the period of change in estimate. During the three and six months ended June 30, 2014, the Company recognized losses of $24,054,120 and a loss of $24,249,638, respectively, due to the change in the fair value of the contingent consideration utilizing Level 3 fair value measurements.  During the three and six months ended June 30, 2013, the Company recognized losses of $9,551,634 and $15,481,200 due to the change in the fair value of the contingent consideration utilizing Level 3 fair value measurements. Fluctuations in the market value of the Company's Ordinary Shares and subsequent performance will cause the fair value to increase or decrease and the resulting change will be recognized in earnings.
	Bao Li achieved the minimum rolling chip target for 2013 in May of 2013. As a result the Company paid the Bao Li Seller $13,000,000 in August 2013 and issued 625,000 Ordinary Shares in the third quarter of 2014. Additionally, Bao Li reached the incremental earn out rolling chip target for 2013 and was paid an additional $13,000,000 in March 2014 and was issued an additional 625,000 Ordinary Shares in the third quarter of 2014.
	The following is a reconciliation of the change in fair value of the contingent consideration:
	Contingent Consideration as of December 31, 2013	$	33,027,050
	Payment		-13,000,000
	Ordinary Shares Issued		-
	Change in Fair Value of Contingent Consideration		24,249,638
	Foreign Currency Translation Adjustment		22,799
	Contingent Consideration Payable as of June 30, 2014	$	44,299,487
	Management has considered the factors that make up the goodwill recognized in the transaction including the reputation of the VIP gaming room and its location at the City of Dreams Hotel and Casino in Macau. Additional factors include the synergies between the operations of Bao Li Gaming and the operations of Sang Heng, Sang Lung, King’s Gaming and Oriental VIP Room, including the expanded network of junket agents and the ability to offer higher tier VIP players the opportunity to play at another high end luxury Cotai location or a high end luxury downtown Macau location. These factors do not qualify for separate recognition in the overall purchase price allocation.
	The following is a summary of the current and long term portions of the estimated contingent consideration expected to be paid for the acquisition of Bao Li Gaming:
	Years Ended December 31,	Total Contingent
		Consideration
	2014	$	25,069,009
	2015		19,230,478
		$	44,299,487
	The operations of Bao Li Gaming acquired assets have been included in the results of operations of the Company from September 1, 2012, the date for such inclusion per the acquisition agreement dated September 5, 2012. The acquisition has been accounted for using the acquisition method of accounting and accordingly, the aggregate consideration has been allocated based on estimated fair values as of the acquisition date.
	Management determined that the acquisition of the operations of Bao Li from the promotion of a VIP gaming room at the City of Dreams Hotel and Casino in Macau would allow the Company to rapidly expand its operations and network of junket agents and appeal to a wider number of players which may increase revenues at the Company's other VIP gaming rooms.

Acquisition_of_the_Oriental_VI

Acquisition of the Oriental VIP Room (Oriental VIP Room [Member])	6 Months Ended
	Jun. 30, 2014
Oriental VIP Room [Member]	'
Business Acquisition, Integration, Restructuring and Other Related Costs [Text Block]	'
	Note 10 — Acquisition of the Oriental VIP Room
	On June 26, 2013, the Company completed the purchase of the profit interest pursuant to  a Profit Interest Purchase Agreement  (“Oriental VIP Room Purchase Agreement”) with Mr. Vong Veng Im (the “Oriental VIP Room Seller”), to acquire the right to 100% of the profit derived from the operations, effective July 1, 2013, from the promotion of a VIP gaming room at the Le Royal Arc Casino in Macau for an aggregate amount of $20,000,000 in cash, of which $10,000,000 was paid at the closing and $10,000,000 was paid at a subsequent closing (the “Purchase Price”), upon the completion of certain conditions. Mr. Vong is a collaborator for the gaming promoter license holder at the Le Royal Arc Casino.
	For purposes of the Oriental VIP Room Purchase Agreement, “Base Rolling Chip Turnover” means $2,500,000,000 of non-negotiable chips that the Oriental VIP Room Seller’s network of junket agents purchases from Oriental VIP Room’s and the Company’s VIP gaming rooms.
	In addition, as more fully set forth below, the Company is required to pay and issue to the Oriental VIP Room Seller (i) up to an aggregate of $39,000,000 and 1,875,000 Ordinary Shares in the event certain rolling chip turnover targets are achieved for each of the three 12 month periods ending June 30, 2014, 2015 and 2016 following the closing date (the “Base Earnout Payment”), (ii) and additional cash payments and Ordinary Shares in the event the rolling chip turnover targets for each of the three 12 month periods ending June 30, 2014, 2015 and 2016 following the closing date are exceeded, in increments of $25,000,000 (the “Incremental Earnout Payment”).  For each $25,000,000 increment in which the rolling chip Turnover target for such year is exceeded, the Company shall pay an additional $130,000 and issue 6,250 Ordinary Shares.  The Oriental VIP Room Seller is not entitled to any additional Incremental Earnout Payments in the event that the Seller’s rolling chip turnover exceeds $5,000,000,000. As a result, in any year the maximum Incremental Earnout Payment cannot exceed $13,000,000 in cash and 625,000 in Ordinary Shares. In the event that the Seller fails to achieve the Base Rolling Chip Turnover in any year, the Oriental VIP Room Seller will not be entitled to receive any earnout payments. If the Oriental VIP Room Seller achieves an aggregate Rolling Chip Turnover of at least $15,000,000,000 for the 36 month period ending June 30, 2016, the Company shall pay an additional $2,500,000 for every $1,000,000,000 of rolling chip turnover in excess of $15,000,000,000 up to a maximum of $12,500,000.
	The Earnout Shares, Incentive Shares and Additional Incentive Shares (each as defined in the Oriental VIP Room Purchase Agreement) shall be released and issued to the Oriental VIP Room Seller as follows:
		Rolling Chip
		Turnover Target
	12 Month Period	For Base		Base Earnout		Base		Incremental
		Earnout		Cash		Earnout		Earnout
		Payments		Payments		Shares		Payment
	30-Jun-14	$	2,500,000,000	$	13,000,000		625,000		*
	30-Jun-15	$	2,500,000,000	$	13,000,000		625,000		*
	30-Jun-16	$	2,500,000,000	$	13,000,000		625,000		*
	*- For each $25,000,000 increment in which the rolling chip turnover target for such year is exceeded, the Company shall pay an additional $130,000 and 6,250 Ordinary Shares. In addition, an aggregate rolling chip turnover of at least $15,000,000,000 for the 36 month period ending June 30, 2016 the Company shall pay an additional $2,500,000 for every $1,000,000,000 of rolling chip turnover in excess of $15,000,000,000 up to a maximum of $12,500,000.
	Additionally, Mr. Vong Veng Im has agreed to provide a personal guarantee, through June 30, 2016 providing for the guaranty of all obligations of Oriental VIP Room and the Oriental VIP Room Seller pursuant to the Oriental VIP Room Purchase Agreement, including, but not limited to any bad debts the Oriental VIP Room Seller network of junket agents may have incurred or may incur in the future.
	As of June 26, 2013, the total estimated purchase price of $57,803,560 consisting of $10,000,000 in cash, and estimated contingent consideration of $47,803,560 consisting of contingent cash and Ordinary Shares has been allocated based on valuations performed to determine the fair values of the acquired assets as follows:
	Bad Debt Guarantee	$	16,881
	Non-Compete agreement		305,927
	Profit interest agreement		56,758,004
	Goodwill		722,748
	Total Estimated Purchase Price	$	57,803,560
	In accordance with the FASB ASC Topic 805 on business combinations, a liability of $68,002,000 and $36,528,269 was recognized for the estimated acquisition fair value of the contingent consideration based on the probability of the achievement of the rolling chip turnover targets at June 30, 2014 and December 31, 2013, respectively. Any change in the fair value of the acquisition-related contingent consideration subsequent to the acquisition date, including changes from events after the acquisition date, such as changes in the Group’s estimate of the rolling chip turnover expected to be achieved, will be recognized in earnings in the period that estimated fair value changes. The fair value estimate assumes probability-weighted rolling chip turnover targets are achieved over the earn-out period. Actual achievement of rolling chip turnover targets for this assumed earn-out period could reduce the liability to zero. A change in the fair value of the acquisition-related contingent consideration could have a material impact on the Group’s statement of operations and financial position in the period of change in estimate. During the three and six months ended June 30, 2014, the Company recognized losses of $21,040,720 and $31,434,051, respectively, due to the change in the fair value of the contingent consideration utilizing Level 3 fair value measurements.  Fluctuations in the market value of the Company's Ordinary Shares and subsequent performance will cause the fair value to increase or decrease and the resulting change will be recognized in earnings.
	The following is a reconciliation of the change in fair value of the contingent consideration:
	Contingent Consideration as of December 31, 2013	$	36,528,269
	Payment		—
	Ordinary Shares Issued		—
	Change in Fair Value of Contingent Consideration		31,434,051
	Foreign Currency Translation Adjustment		39,680
	Contingent Consideration Payable as of June 30, 2014	$	68,002,000
	Management has considered the factors that make up the goodwill recognized in the transaction including the reputation of the VIP gaming room and its location at the Le Royal Arc Casino in Macau. Additional factors include the synergies between the operations of the Oriental VIP Room and the operations of Sang Heng, Sang Lung, Bao Li Gaming and King’s Gaming, including the expanded network of junket agents and the ability to offer higher tier players the opportunity to play at another high end luxury downtown Macau location or a high end luxury Cotai location. These factors do not qualify for separate recognition in the overall purchase price allocation. Total acquisition costs which have been expensed, amounting to approximately $1,252,000.
	Management determined that the acquisition of the operations of Oriental VIP Room at the Le Royal Arc Casino in Macau would allow the Company to expand its operations in downtown Macau and appeal to a wider number of players. Prior to the acquisition, the Company's had only one VIP gaming room in downtown Macau. Additionally, the acquisition of the operations of Oriental VIP Room brought an additional network of junket agents and collaborators that may increase revenues at the Company's Macau VIP rooms.
	The following is a summary of the current and long term portions of the estimated contingent consideration expected to be paid for the acquisition of the Oriental VIP Room:
	Years Ended December 31,	Total Contingent
		Consideration
	2014	$	29,875,000
	2015		20,002,500
	2016		18,124,500
		$	68,002,000
	The following pro forma consolidated statements of operations have been prepared assuming that the acquisition of Oriental VIP Room occurred on January 1, 2013.
		Pro Forma
		Consolidated
		For the Six
		Months Ended
		June
		30, 2013
	Revenue	$	131,588,839
	Expenses		132,304,719
	Pro Forma Net (Loss) Attributable To Ordinary Shareholders	$	-715,880
	Pro Forma Net Income Per Share
	Basic	$	-0.02
	Diluted	$	-0.02
	Weighted average shares outstanding
	Basic		44,945,080
	Diluted		45,186,102

Shareholders_Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Shareholders' Equity and Share-based Payments [Text Block]	'
	Note 11 — Shareholders’ Equity
	Ordinary Shares
	Iao Kun is authorized to issue 500,000,000 Ordinary Shares, par value $.0001.  The authorized Ordinary Shares was increased from 200,000,000 to 500,000,000 as a result of a shareholder vote on September 24, 2013. The Company issued 12,050,000 and 4,210,000 ordinary shares related to achieving earnings targets in 2010 following the filing of Form 20-F during the second quarter of 2011 and issued 3,103,000 and 520,000 ordinary shares related to AGRL achieving earnings targets in 2011 following the filing of the Annual Report on Form 20-F during the second quarter of 2012. AGRL did not achieve its performance targets for the year ended December 31, 2012, and King’s Gaming did not meet its Gross Profit Target for the year ended December 31, 2012 or 2013, and therefore no shares for achieving those performance targets will be issued.  The holders of the Ordinary Shares have no conversion, preemptive or other subscription rights and there are no sinking fund or redemption provisions applicable to the Ordinary Shares.
	Rights Offering
	The Company issued one transferable subscription right for each two ordinary shares then owned to stockholders of record on June 3, 2013. The rights entitled rights holders to subscribe for an aggregate of up to 20,225,582 ordinary shares. The subscription price was $3 per ordinary share to be exercised. As a result of a standby purchase agreement with certain persons, including Lam Man Pou, Vong Hon Kun, Lam Chou In, Zheng An Ting, So Kam Tai, Au Chun Yin, Chan Fok Hoi, Chan Kai Ian, Sin Kam Chan, Leong Wai Meng and Cheung Mee Mo (the “Standby Purchasers”), whereby the Standby Purchasers have agreed to purchase a number of ordinary shares having a value equal to the aggregate subscription price the Company would have received with respect to the shares underlying all rights not exercised by all holders in the rights offering, referred to as the standby purchase, upon the same terms as the other holders, except the subscription price for 34% of such shares with respect to purchases made by Messrs. Lam Man Pou and Vong Hon Kun was $4.50 per share. Messrs. Lam and Vong agreed to purchase approximately 34% of the shares sold pursuant to the standby purchase for an exercise price not less than the closing price of Iao Kun’s Ordinary Shares on May 24, 2013, which was $4.37 per share, at a premium to the exercise price of the rights ($ 3.00 per share). On June 21, 2013, the subscription period for the rights offering expired and on June 28, 2013, the Company instructed its transfer agent to issue a total of 19,527,950 ordinary shares. The Company incurred offering costs of $2,067,809, which have been recorded as a reduction of Additional Paid in Capital.
	Directors Compensation
	All of the Company’s directors presently receive annual compensation of $30,000 in cash and $20,000 payable in Ordinary Shares, valued at the average of the closing prices of the Ordinary Shares over the three-month period preceding the end of each fiscal year. The Ordinary Shares will be issued the following year.  The chairman of the audit committee will receive additional annual cash compensation of $10,000 and the other members of the audit committee will each receive additional annual cash compensation of $5,000. The chairman of the compensation and nominating committees each receive additional annual cash compensation of $5,000 and the other members of these committees each receive additional annual cash compensation of $3,000. Each director will also receive cash compensation of $1,000 for each board or committee meeting that he or she attends (whether in person or telephonically) that is at least an hour in duration and $500 for each board or committee meeting he or she attends that is less than an hour in duration.  Total director fees charged to operations during the three months ended June 30, 2014 and 2013 were $124,252 and $124,252, respectively; and during the six months ended June 30, 2014 and 2013 were $248,500 and $248,500, respectively.
	Share Repurchase Program
	During June 2011, the Board of Directors authorized the establishment of a share repurchase program for the Company to purchase up to two million of its ordinary shares on the open market at prices to be determined by the Company’s management. The program expired on June 30, 2012. An aggregate of 26,300 ordinary shares were repurchased for an aggregate purchase price of $124,207 pursuant to the 2011 share repurchase program. The Ordinary Shares have been retired and the purchase price was allocated to par value and additional paid in capital.
	The Board of Directors has established a share repurchase program, with an expiration date of June 30, 2013 (the “2012 Repurchase Plan”). The 2012 Repurchase Plan authorizes the Company to purchase up to two million of its Ordinary Shares on the open market at prices to be determined by the Company’s management. During the year ended December 31, 2012, the Company repurchased an aggregate of 1,273,947 Ordinary Shares for an aggregate purchase price of $4,166,483 pursuant to the 2012 Repurchase Plan. During the quarter ended March 31, 2013, the Company purchased the remaining 726,053 Ordinary Shares for an aggregate purchase price of $2,728,912. The Ordinary Shares have been retired and the purchase price was allocated to par value and additional paid in capital.
	In March 2013, the Board of Directors established a new share repurchase program with an expiration date at any time in the discretion of appropriate company officers (the “2013 Repurchase Plan”). The 2013 Repurchase Plan authorizes the Company to purchase up to four million of its Ordinary Shares on the open market at prices to be determined by the Company’s management. During the year ended December 31, 2013, the Company repurchased an aggregate of 732,900 Ordinary Shares for an aggregate purchase price of $2,295,849 pursuant to the 2013 Repurchase Plan.  During the six months ended June 30, 2014, the Company repurchased an aggregate of 1,415,300 Ordinary Shares for an aggregate purchase price of $4,193,554 pursuant to the 2013 Repurchase Plan.
	Dividend
	During June 2011, the Board of Directors authorized a regular cash dividend of $0.10 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 annual financial results, an amount per outstanding ordinary share equal to (i) 15% of the Company’s non-GAAP net income (defined as operating income before amortization of intangible assets and change in fair value of contingent consideration) for the most recently completed fiscal year, less the amount paid pursuant to the immediately previous six-month dividend, divided by (ii) the number of Ordinary Shares outstanding on the record date for such dividend. In March 2012, the Board of Directors authorized an increase in the dividend payable after the release of the Company’s 6-month financial statements from $0.10 to $0.12 per outstanding ordinary share. Subsequent to the rights offering, the Board of Directors authorized a proportionate decrease in the dividend payable after the release of the Company’s 6-month financial statements from $0.12 to $0.08 per outstanding ordinary share.
	The record date for each period’s dividend will be set by the Company’s management to be as close as practicable to, but no less than, 15 days after the public release by the Company of the financial results for the applicable six-month period and fiscal year end. The payment date for each period’s dividend will be set by the Company’s management to be as close as practicable to, but no less than, 10 days after the record date.
	Payment Date	Amount
	2-Sep-11	$	3,880,406
	18-Apr-12	$	7,527,988
	31-Aug-12	$	5,094,140
	26-Apr-13	$	4,142,199
	20-Sep-13	$	4,803,178
	Preferred Stock
	The Company is authorized to issue 1,150,000 preferred shares with such designations, voting and other rights and preferences as may be determined from time to time by the Board of Directors. There are no issued and outstanding preferred shares at June 30, 2014 and December 31, 2013.
	Ordinary Shares Reserved for Future Issuance
	At June 30, 2014 and December 31, 2013, the Company has reserved 8,288,990 and 8,288,990 shares of its authorized but unissued Ordinary Shares for possible future issuance in connection with the following:
		June 30,		December 31, 2013
		2014
	Officer and Director Shares		88,990		88,990
	Contingently Issuable Incentive Shares-King's Gaming		700,000		700,000
	Contingently Issuable Incentive Shares-Bao Li Gaming		3,750,000		3,750,000
	Contingently Issuable Incentive Shares-Oriental VIP Room		3,750,000		3,750,000
	Total		8,288,990		8,288,990

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	Note 12 — Commitments and Contingencies
	Employment Agreements
	AGRL entered into employment agreements with five executive officers: Mr. Lam (Chairman of the Board), Leong Siak Hung (Chief Executive Officer), Li Chun Ming (Chief Financial Officer), Mr. Vong (Director), and Lam Chou In (Operating Officer) that became effective upon the closing of the acquisition of AGRL.  Upon the closing of the acquisition of King’s Gaming, Iao Kun has entered into two additional employments contracts with Mr. Mok and Mr. Wong. Upon the closing of the acquisition of Bao Li, the Company entered into employment agreements with Mr. Lou and Mr. Lei. In February 2012, the Board amended the employment contracts with Leong Siak Hung, Li Chun Ming Raymond, Lam Man Pou, Vong Hon Kun, Ip Ching Wah, Lam Chou In, Mok Chi Hung and Wong Hon Meng effective January 1, 2012 to increase their respective annual salaries. These employment agreements were further amended effective July 1, 2013 to increase annual salaries. Upon the acquisition of the Oriental VIP Room, the Company entered into a 5 year employment agreement with Vong Veng Im. Beginning July 1, 2013, the Company entered into a two year employment agreement with Chien Lee, Chief Strategic Officer, which was terminated on June 9, 2014. Upon termination the Company entered into a consulting agreement with Mr. Chien under similar terms. The employment agreements for Mr. Leong and Mr. Li expired in February 2013 and are continuing on the same terms (subject to increases) on a month to month basis.
	Annual minimum compensation for the terms of the employment agreements for terms greater than one year, as amended, is as follows:
	2014 (6 Months)	$	642,048
	2015		724,118
	2016		448,000
	2017		340,000
	2018		62,000
	Total	$	2,216,166
	Each executive is entitled to paid vacation in accordance with AGRL’s policies and other customary benefits. The employment agreements provide that the executive, during the period of five years following the termination of his employment (three years in the case of Messrs. Leong and Li), shall not compete with AGRL or solicit any of its employees. The agreements with each of Leong Siak Hung, Li Chun Ming Raymond, Lam Man Pou, Vong Hon Kun and Lam Chou In contain provisions prohibiting the executives, during their respective terms of employment, from selling, hypothecating or otherwise transferring more than 20% of any Ordinary Shares that may be transferred to them by Spring Fortune from shares it received or receives as a result of the acquisition. If an executive’s employment is terminated for any reason prior to the expiration of the employment term, or if the executive breaches the confidentiality and non-competition and non-solicitation provisions of his employment agreement, the executive is obligated to transfer and assign to the Company all securities then held by him and all rights to receive securities in the future, which securities will be canceled.
	Total compensation charged to operations during the three months ended June 30, 2014 and 2013, related to these employment contracts were $346,496 and $319,645, respectively; and during the six months ended June 30, 2014 and 2013 were $700,348 and $639,289, respectively.
	Office Lease
	The Company has office leases in Hong Kong and Macau for executive offices which expire in September 2015 and April 2016, respectively.  The Company also rents a storage space on a month to month basis for $1,160 per month. Minimum future lease payments are $38,910, $68,435, and $11,862 for the years ended December 31, 2014, 2015 and 2016, respectively. Rent expense was $23,817 and $24,975 for the three months ended June 30, 2014 and 2013, respectively; and $46,223 and $41,713 for the six months ended June 30, 2014 and 2013, respectively.
	Gaming Table Rentals
	Starting from August 1, 2013, the Company pays a monthly rental of approximately $425,000 for six gaming tables in its Oriental VIP Room in order to have a greater percentage of revenue sharing, which management believes will be a continuing cost of operating the Oriental VIP Room. Rental expense charged to operations for gaming table rentals was $1,276,974 and $0 for the three months ended June 30, 2014 and 2013, respectively; and $2,552,895 and $0 for the six months ended June 30, 2014 and 2013, respectively.
	Revenue Sharing
	Beginning in September 2012, the Company has adopted a new program to allow certain cash basis junket agents (non-marker) to share in the risk of wins and losses in the VIP gaming rooms. The maximum percentage of sharing that the junket agent may elect to share in the risk of wins and losses is limited to their percentage of rolling chip turnover during the previous month. The junket agent must make its election by the second day of the subsequent month and may elect from zero percent to the maximum percent. A total of approximately US$88,961 was recorded as a credit on commission expense in July 2014 for participating junket agents based on June 2014 rolling chip turnover. Due to fluctuations in wins and losses as well as the agents’ participation, levels, the total amount of revenues and losses shared as well as their percentage of rolling chip turnover may fluctuate significantly.
	Certain Risks and Uncertainties
	The Group’s operations are dependent on the annual renewal of the gaming licenses by the Macau SAR to the Promoter Companies and the registration of the Collaborator by the licensed gaming promoter.  The tenure of the Promotion Entities acting as gaming promoters and collaborator for the Casinos is subject to the Gaming Representative / Gaming Promoter Arrangements and Collaborator Agreement.
	The Group may not be able to collect all of their markers receivable from the junket agents. Management expects that the Group will be able to enforce these obligations only in a limited number of jurisdictions, including Macau. To the extent that junket agents of the Group, through the Promotion Entities, are from other jurisdictions, the Group may not have access to a forum in which they will be able to collect all of their markers receivable because, among other reasons, courts of many jurisdictions do not enforce gaming debts and the Group may encounter forums that will refuse to enforce such debts. The Group’s inability to collect gaming debts could have a significant negative impact on their operating results.
	The Group receives all of their revenue from Casino Operators within the Asia-Pacific Region. If economic conditions in these areas were to decline materially or additional casino licenses to new Casino Operators were awarded in these locations, the Group’s consolidated results of operations could be materially affected.

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	Note 13 — Related Party Transactions
	Management Agreements
	Day-to-day management and operation of the VIP gaming rooms is contracted by the Promotion Entities to Pak Si Management and Consultancy Limited of Macau (“Pak Si”), a related party management company that is responsible for hiring and managing all staff needed for operations.  This includes local managers and executives to provide supervision, finance and cage personnel, public relations, drivers and other service staff (waiters, cleaners, etc.).  The agreements renew annually. The principal of Pak Si is the sister-in-law of Mr. Vong, a director of the Company and its chief operating officer.
	Effective January 1, 2013, the monthly payments were revised for Sang Heng and Sang Lung from $180,000 to $155,000 each, and Bao Li and King’s Gaming remained at a monthly rate of $103,000.
	Beginning in July 2013, the Oriental VIP Room entered into a management agreement with Pak Si for $103,000 per month.
	Total expenses for Pak Si's services were $1,857,417 and $1,546,033 during the three months ended June 30, 2014 and 2013, respectively; and $3,713,302 and $3,093,222 during the six months ended June 30, 2014 and 2013, respectively.  Amounts due to Pak Si as of June 30, 2014 and December 31, 2013 were $619,331 and $619,042, respectively and have been recorded in accrued expenses.
	Entertainment Expense
	During the three months ended June 30, 2014 and 2013 the Group’s paid entertainment expense approximately $177,086 and $166,341, respectively; and $358,594 and $308,341 during the six months ended June 30, 2014 and 2013, respectively, for catering and restaurant services to a related party which three directors have the ownership interest in.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

'

Basis of Accounting, Policy [Policy Text Block]

'

Basis of Presentation

The consolidated financial statements as of June 30, 2014 and for the three and six month periods ended June 30, 2014 and 2013 are unaudited. The accompanying unaudited consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial reporting. In the opinion of management, all adjustments (consisting of normal recurring adjustments) have been made that are necessary to present fairly the financial position of the Company as of June 30, 2014 and the results of its operations and cash flows for the three and six month periods ended June 30, 2014 and 2013. Operating results as presented are not necessarily indicative of the results to be expected for a full year. These financial statements and related notes should be read in conjunction with the financial statements and notes thereto included in the Company’s Form 20-F filed on April 30, 2014 with the Securities and Exchange Commission for the year ended December 31, 2013.

Consolidation, Policy [Policy Text Block]

'

Principles of Consolidation

The operations of the Promotion Entities are consolidated with those of AGRL and its wholly owned subsidiaries and Iao Kun as of June 30, 2014 and December 31, 2013 and for the three and six months ended June 30, 2014, and 2013. Intercompany transactions and account balances have been eliminated. Unless otherwise indicated all currency amounts are in United States Dollars.

Fiscal Period, Policy [Policy Text Block]

'

Fiscal Year End

The fiscal year end of the Company is December 31.

Use of Estimates, Policy [Policy Text Block]

'

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires the management to make estimates and judgments that affect the reported amounts of assets and liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. These estimates and judgments are based on historical information, information that is currently available to the management and on various other assumptions that the management believes to be reasonable under the circumstances. The Company has made significant estimates of the contingent purchase price due for the King's Gaming, Bao Li Gaming and the Oriental VIP Room acquisitions in these consolidated financial statements. Actual results could vary from those estimates.

Revenue Recognition, Policy [Policy Text Block]

'

Revenue Recognition

Revenue from VIP gaming room promotion operations is recorded monthly based upon the Promotion Entities’ share of the net gaming wins/losses in VIP gaming rooms. The amounts due to the Promotion Entities are calculated and reported by the Casino Operators and the Promotion Entities on a monthly basis, usually within two days of the month end.

Additionally, the Promotion Entities earn revenues based upon percentages of non-negotiable chips exchanged in the VIP gaming rooms (typically 0.05%), which is available to offset costs incurred for accommodations, food and beverage and other services furnished to players and is included in gross revenues.  These revenues are included in revenue from VIP gaming room promotion operations in the accompanying consolidated statements of operations.

On August 1, 2012, the Company announced that, beginning on September 1, 2012, it would be changing its remuneration model from a fixed commission model of 1.25% of the rolling chip turnover to a revenue sharing model. The decision to change from the fixed commission model to the revenue sharing model was made as a result of the Company’s expansion into four VIP gaming rooms with the ability to spread the risk of fluctuations surrounding gaming wins and losses. Additionally, management has initiated a program for junket agents who purchase non-negotiable chips in cash from the Promotion Entities (“super agent”), allowing the super agent to assume some of the risk of gaming losses or receive increased commissions as a result of gaming wins.

Win rate was 2.18%, and 3.06% during the three months ended June 30, 2014 and 2013, respectively; and 2.9% and 3.17% during the six months ended June 30, 2014 and 2013, respectively. The win rate is the percentage of rolling chip turnover exchanged in the VIP gaming room that is won by the casino (gross wins and losses divided by rolling chip turnover). Total rolling chip turnover in the Group’s VIP gaming rooms was approximately $4,671,029,000 and $ 4,464,312,000 during the three months ended June 30, 2014 and 2013, respectively; and $9,439,421,000 and $8,560,354,000 during the six months ended June 30, 2014 and 2013, respectively.

Vip Gaming Room Cage and Marker Accounting [Policy Text Block]

'

VIP Gaming Room Cage and Marker Accounting

In the VIP gaming rooms, VIP gaming patrons primarily purchase non-negotiable chips from the cage either with cash, cash chips, cashier’s order, or markers (short term, non-interest bearing loans). Non-negotiable chips can only be used to make wagers. Winning wagers are paid in cash chips. If the VIP gaming patrons continue to play, they must exchange the cash chips for non-negotiable chips, which is the basis for commission.  The exchange of the non-negotiable chips by the VIP gaming patrons in the VIP gaming room is recorded as rolling chip turnover and provides a basis for measuring VIP gaming room win percentage. It is customary in Macau to measure VIP gaming room play using this rolling chip method.

A VIP gaming patron can be a player, a junket agent or a super agent. Whoever signs on the marker and takes delivery of the non-negotiable chips at the casino cage and carries them over to the game table is the borrower. It is also common practice that the VIP gaming patron taking delivery of the non-negotiable chips shares the chips with other VIP gaming patrons for the purpose of achieving a higher rolling volume (if the VIP gaming patron is a junket agent, they are entitled to receive commission even when the non-negotiable chips are wagered by third parties acquainted with them) without receiving immediate payment in cash for the non-negotiable chips. Under Macau law, licensed gaming promoters are permitted to extend credit to VIP gaming patrons creating a civil obligation to pay. This credit is typically unsecured but is generally offset by the commissions payable to a junket agent.

The Group, through the Promotion Entities, extends credit to junket agents. A majority of the Group’s consolidated markers receivable are owed by junket agents from Macau and the rest are primarily in Asia. In addition to enforceability issues, the collectability of markers receivable from foreign junket agents is affected by a number of factors including changes in economic conditions in the junket agents’ home countries. As of June 30, 2014 and December 31, 2013, markers receivable amounted to $214,400,733 and $242,350,301, respectively.

The Group may not be able to collect all of their markers receivable from the junket agents. Management expects that the Group will be able to enforce these obligations only in a limited number of jurisdictions, including Macau and Hong Kong. To the extent that junket agents of the Group, through the Promotion Entities, are from other jurisdictions, the Group may not have access to a forum in which they will be able to collect all of their markers receivable because, among other reasons, courts of many jurisdictions do not enforce gaming debts and the Group may encounter forums that will refuse to enforce such debts. The Group’s inability to collect gaming debts could have a significant negative impact on their operating results.

The following is a summary of an aging of the Company’s markers receivable by jurisdiction that may refuse to enforce such debts:

Jurisdiction/Aging

June 30,

% of total

December 31,

% of total

2014

markers

2013

markers

receivable

receivable

PRC

0-30 days

$

40,744,229

$

53,574,330

31-60 days

17,285,782

30,406,634

61-90 days

18,861,205

7,011,955

Greater than 90 days

8,006,142

2,185,997

Total

$

84,897,358

40

%

$

93,178,916

38

%

The Group regularly evaluates the allowance for uncollectible marker receivable based on a specific review of junket agent accounts as well as management’s prior experience with collection trends in the casino industry and current economic and business conditions. Messrs. Lam and Vong guaranteed all markers receivable in the Company’s VIP gaming rooms until June 25, 2014, upon the execution of a termination agreement for the guarantees and loan agreements. The guarantees by Messrs. Lam and Vong did not cover markers receivable attributable to the junket agent networks of Mr. Mok, Mr. Lou and Mr. Lei or Mr. Vong Veng Im as described below. The guarantee of Messrs. Lam and Vong allowed for offset against the loans provided by them for the working capital. Upon the acquisition of King’s Gaming, Mr. Mok has guaranteed the collection of all markers receivable attributable to Mr. Mok and his network of junket agents at both King’s Gaming’s existing VIP gaming room and the Company’s existing and future VIP gaming rooms. Upon the acquisition of Bao Li Gaming, Mr. Lou and Mr. Lei guaranteed the collection of all markers receivable attributable to them and their network of junket agents at both Bao Li Gaming’s existing VIP gaming room and the Company’s existing and future VIP gaming rooms through December 31, 2015. Upon the acquisition of the Oriental VIP room, Mr. Vong Veng Im guaranteed the collection of all markers receivable attributable to the Collaborator and his network of junket agents at both the Oriental VIP Room existing and the Company’s existing and future VIP gaming rooms through June 30, 2016. Therefore, as of June 30, 2014 and December 31, 2013, management believes that an allowance for uncollectible markers receivable is not necessary.

Fair Value of Financial Instruments, Policy [Policy Text Block]

'

Fair Value of Financial Instruments

FASB ASC Topic 820 “Fair Value Measurements and Disclosures” defines fair value, the methods used to measure fair value and the expanded disclosures about fair value measurements. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between the buyer and the seller at the measurement date. In determining fair value, the valuation techniques consistent with the market approach, income approach and cost approach shall be used to measure fair value. FASB ASC Topic 820 establishes a fair value hierarchy for inputs, which represent the assumptions used by the buyer and seller in pricing the asset or liability. These inputs are further defined as observable and unobservable inputs. Observable inputs are those that buyer and seller would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s assumptions about the inputs that the buyer and seller would use in pricing the asset or liability developed based on the best information available in the circumstances.

The fair value hierarchy is categorized into three levels based on the inputs as follows:

Level 1 —

Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. Valuation adjustments and block discounts are not being applied. Since valuations are based on quoted prices that are readily and regularly available in an active market, valuation of these securities does not entail a significant degree of judgment.

Level 2 —

Valuations based on (i) quoted prices in active markets for similar assets and liabilities, (ii) quoted prices in markets that are not active for identical or similar assets, (iii) inputs other than quoted prices for the assets or liabilities, or (iv) inputs that are derived principally from or corroborated by market through correlation or other means.

Level 3 —

Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

For certain of the Group's financial instruments, none of which are held for trading purposes, including cash and cash equivalents, accounts receivable, markers receivable, certain other current assets, lines of credit payable, accrued expenses, and loan payable to shareholders, the carrying values of these financial instruments approximate their fair value due to their short maturities.  The payables-King’s Gaming, Bao Li Gaming and Oriental VIP Room acquisitions were initially recognized for the fair values of the acquisition contingent consideration and are adjusted to the fair value at each subsequent reporting date (see Notes 8, Note 9 and Note10).

At least annually, management determines if the current valuation techniques used in the fair value measurements are still appropriate and evaluates and adjusts the unobservable inputs used in the fair value measurements based on current market conditions and other information. There were no changes in the valuation techniques during the six months ended June 30, 2014. Additional information regarding the valuation technique and inputs used is as follows:

Quantitative Information about Level 3 Fair Value Measurements

Fair Value

Contingent

as of

Valuation

Unobservable Input

Range

Consideration

6/30/14

Techniques

Oriental VIP Room

$

68,002,000

Forecasted Performance, 2014-June 2016

Chip Turnover Annual Growth

(5%) - (40%)

Monte Carlo Method

Average Simulated Share Prices

$2.90- $2.92

Bao-Li Gaming

$

44,299,487

Forecasted Performance, 2014-2015

Chip Turnover Annual Growth

(5%) - (40%)

Monte Carlo Method

Average Simulated Share Prices

$2.84- $3.02

The significant unobservable inputs used in the fair value measurement of the Company’s contingent consideration for the Bao Li Gaming and Oriental VIP Room acquisitions are the forecasted performance results of the operations of Bao Li Gaming and Oriental VIP Room and the simulated share prices of the Company’s Ordinary Shares under the Monte Carlo method. Significant increases (decreases) in any of those inputs in isolation would result in a significantly higher (lower) fair value measurement.

Cash and Cash Equivalents, Policy [Policy Text Block]

'

Cash and Cash Equivalents

Cash and cash equivalents consist of cash, cash chips, non-negotiable chips and short-term investments with original maturities of less than 90 days. Cash equivalents are placed with high credit quality financial institutions.

Trade and Other Accounts Receivable and Concentration Risk Credit Risk [Policy Text Block]

'

Accounts Receivable and Concentration of Credit Risk

Accounts receivable are principally comprised of net gaming revenues, fees and incentives revenues receivable, which do not bear interest and are recorded at amounts due from the Casino Operators.

When deemed necessary, the Group records an allowance for doubtful accounts which represents management’s best estimate of the amount of probable credit losses in the Group’s existing accounts receivable. Management believes that all outstanding balances are collectible and therefore an allowance has not been established. Although management believes that no allowance is currently necessary, it is possible that the estimated amount of cash collections with respect to accounts receivable could change.

Earnings Per Share, Policy [Policy Text Block]

'

Earnings Per Share

Basic net earnings (loss) per common share is computed by dividing net earnings (loss) applicable to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted net earnings (loss) per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents, consisting of shares that might be issued upon exercise of common stock options. In periods where losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive.

The calculations of earnings per share are computed as follows for the three and six months ended June 30, 2014 and 2013:

Three Months

Three Months

Six Months

Six Months

Ended

Ended

Ended

Ended

June 30, 2014

June 30, 2013

June 30, 2014

June 30, 2013

Numerator:

Net (loss) income attributable to Ordinary Shareholders for basic and diluted earnings per share

$

-56,715,644

$

-2,978,581

$

-53,535,956

$

3,975,124

Denominator:

Denominator for basic (loss) earnings per share

- Weighted-average Ordinary Shares outstanding during the period

60,258,015

45,936,661

60,329,793

44,945,080

Effect of dilutive securities:

- Bao Li Gaming earn out shares

-

-

-

241,022

Denominator for diluted (loss) earnings per share

60,258,015

45,936,661

60,329,793

45,186,102

Basic (loss) earnings per share

$

-0.94

$

-0.06

$

-0.89

$

0.09

Diluted (loss) earnings per share

$

-0.94

$

-0.06

$

-0.89

$

0.09

King’s Gaming did not meet its 2013 Gross Profit Target to exceed $8,860,000 and no incentive shares were issued. Bao Li Gaming met its rolling chip turnover target of $5,000,000,000 in 2013 and 1,250,000 ordinary shares were issued during the third quarter of 2014. The Oriental VIP Room met its rolling chip turnover target of $5,000,000,000 in 2014 and 1,250,000 ordinary shares will be issued during the third quarter of 2014. The issuable 1,250,000 ordinary shares have been included in basic loss per share based on the weighted average shares for the three and six months ended June 30, 2014 but incremental shares from the assumed outstanding  earn out shares as of the beginning of each period excluded from the calculation of diluted loss per shares because the effect would have been anti-dilutive.

In 2011, the Company decided that a portion of the Directors fees and officers remuneration would be paid in Ordinary Shares. The shares are to be issued in January of each year.  A total of 60,610 ordinary shares were issued in July 2013 to satisfy the Company’s obligations for 2012 and have been included in basic and diluted earnings per share based on the weighted average shares for the three and six months ended June 30, 2013. A total of 60,790 ordinary shares were issued during the third quarter of 2014 to satisfy the Company’s obligations for 2013 and have been included in basic and diluted earnings per share based on the weighted average shares for the three and six months ended June 30, 2014. A liability of approximately $310,000 and $209,000 is included in accrued expenses at June 30, 2014 and December 31, 2013, respectively.

The Company had 1,440,000 dilutive potential Ordinary Shares related to the Underwriter Unit Purchase Option (UPO). The UPO expired on August 10, 2013.

The Company issued one transferable subscription right for each two ordinary shares then owned to stockholders of record on June 3, 2013. Accordingly, as required by FASB ASC Topic 260 “Earnings Per Share” the number of weighted average Ordinary Shares outstanding for basic and diluted earnings per share have been increased retroactively by a factor of 1.081 for all periods presented before June 21, 2013. This factor represents the impact of the bonus element of the rights offering on the Company’s Ordinary Shares, based upon the closing price of the Ordinary Shares immediately prior to the rights trading separately from the Ordinary Shares on June 5, 2013 ($4.07 per share), and the expected proceeds from the rights offering.

Property, Plant and Equipment, Policy [Policy Text Block]

'

Property and Equipment

Property and equipment is stated at cost. Depreciation and amortization is recorded on a straight-line basis over the estimated useful lives of the assets ranging from two to five years, which do not exceed the lease term for leasehold improvements, if applicable.

Goodwill and Intangible Assets, Policy [Policy Text Block]

'

Goodwill and Other Intangible Assets

The Company amortizes intangible assets over their estimated useful lives unless it is determined their lives to be indefinite. Goodwill and other intangible assets with indefinite lives are not amortized but are subject to tests for impairment at least annually. Management performs impairment tests more frequently than annually if events or circumstances indicate that the value of goodwill or intangible assets with indefinite lives might be impaired.

The following are the useful lives of the respective finite-lived intangible assets:

Bad Debt Guarantee

3 to 5.5 years

Based upon six months after the expiration of the employment agreement or at the expiration of the employment agreement

Non-Compete agreement

9 to 11.7 years

Based upon the termination date of the casino's license or June 2022

Profit interest agreement

9 to 11.7 years

Based upon the termination date of the casino's license or June 2022

Goodwill and Intangible Assets, Intangible Assets, Indefinite-Lived, Policy [Policy Text Block]

'

Indefinite Useful Life Assets

Goodwill is evaluated for possible impairment by comparing the fair value of a business unit with its carrying value, including the goodwill assigned to that business unit. Fair value of a business unit is estimated using a combination of income-based and market-based valuation methodologies. Under the income approach, forecasted cash flows of a business unit are discounted to a present value using a discount rate commensurate with the risks of those cash flows. Under the market approach, the fair value of a business unit is derived from recent market transactions involving merger and acquisition and/or publicly-traded guideline companies deemed broadly similar to the subject business unit. An impairment charge is recorded if the carrying value of the goodwill exceeds its implied fair value.  Assets with indefinite useful lives are not subject to amortization and are tested for impairment annually or more frequently if events or circumstances indicate that the assets might be impaired. The impairment test consists of a comparison of the fair value of the asset with its carrying amount. If the carrying amount of the asset exceeds its fair value, an impairment will be recognized in an amount equal to that excess. If the carrying amount of the asset does not exceed the fair value, no impairment is recognized.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

'

Impairment of Long-lived Assets

The Company evaluates when events or circumstances indicate that the carrying amount of long-lived assets to be held and used might not be recoverable, the expected future undiscounted cash flows from the assets are estimated and compared with the carrying amount of the assets. If the sum of the estimated undiscounted cash flows was less than the carrying amount of the assets, an impairment loss would be recorded. The impairment loss would be measured on a location by location basis by comparing the fair value of the asset with its carrying amount. Long-lived assets that are held for disposal are reported at the lower of the assets’ carrying amount or fair value less costs related to the assets’ disposition. No impairment has been recognized.

Advertising Costs, Policy [Policy Text Block]

'

Advertising Costs

Costs for advertising and marketing are expensed the first time the advertising or marketing takes place or as incurred. Advertising and marketing costs for ongoing operations are included in selling, general and administrative expense.  During the three months ended June 30, 2014 and 2013, the Group incurred advertising costs of $229,676 and $29,453, respectively; and $547,638 and $32,304 for the six months ended June 30, 2014 and 2013, respectively.

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

'

Stock-Based Compensation

The Company awards stock and other equity-based instruments to its employees, directors and consultants (collectively "share-based payments"). Compensation cost related to such awards is recorded when earned.  Ordinary Shares are issued to the directors subsequent to year end based on average trading price prior to December 31 each year.  All of the Company's stock-based compensation is based on grants of equity instruments and no liability awards have been granted. All of the Company directors presently receive $20,000 payable in Ordinary Shares, valued at the average of the closing prices of the Ordinary Shares over the three-month period preceding the end of each fiscal year.

In December 2011, the shareholders approved the 2011 Omnibus Securities and Incentive Plan (the “Plan”). The purpose of the plan is to assist the Company in attracting, retaining and providing incentives to key management employees and nonemployee directors of, and nonemployee consultants to the Company and its Affiliates, and to align the interests of such employees, nonemployee directors and nonemployee consultants with those of the Company’s shareholders. The Plan provides for the granting of Distribution Equivalent Rights, Incentive Share Options, Non-Qualified Share Options, Performance Share Awards, Performance Unit Awards, Restricted Share Awards, Restricted Share Unit Awards, Share Appreciation Rights, Tandem Share Appreciation Rights, Unrestricted Share Awards or any combination of the foregoing up to a maximum of 200,000 Ordinary Shares, as may be best suited to the circumstances of the particular Employee, Director or Consultant. On April 24, 2012, 50,400 Ordinary Shares were issued and on July 3, 2013, 60,610 ordinary shares were issued. On July 17, 2014, 60,790 Ordinary Shares were issued.

Foreign Currency Transactions and Translations Policy [Policy Text Block]

'

Foreign Currency

The reporting currency of Iao Kun is in the United States dollar ("US $", "$", “Reporting Currency”).  The Group’s functional currency is the Hong Kong Dollar (“HKD $”, “Functional Currency”).  Monetary assets and liabilities denominated in currencies other than the Functional Currency are translated into the Functional Currency at rates of exchange prevailing at the balance sheet dates. Transactions denominated in currencies other than the Functional Currency are translated into the Functional Currency at the exchange rates prevailing on the dates of the transaction.

Exchange gains or losses arising from foreign currency transactions are included in the determination of net income for the respective period.

For financial reporting purposes, the consolidated financial statements of the Group, which are prepared using the Functional Currency, are then translated into the Reporting Currency. Assets and liabilities are translated at the exchange rates at the balance sheet dates and revenue and expenses are translated at the average exchange rates and shareholders' equity is translated at historical exchange rates. Any translation adjustments resulting are not included in determining net income but are included in foreign currency translation adjustment in other comprehensive income, a component of shareholders' equity.

June 30,

June 30,

December 31,

2014

2013

2013

Period end HK$:US$ exchange rate

$

7.75

$

7.76

$

7.75

Average three-months ended HK$:US$ exchange rate

$

7.75

$

7.76

$

-

Average six-months ended HK$:US$ exchange rate

$

7.76

$

7.76

$

-

Average annual HK$:US$ exchange rate

$

-

$

-

$

7.76

Comprehensive Income, Policy [Policy Text Block]

'

Comprehensive Income

The Group follows standards for the reporting and display of comprehensive income and its components in the financial statements. Comprehensive income is defined as the change in equity of a company during the period from transactions and other events and circumstances excluding transactions resulting from investments from owners and distributions to owners. Accumulated comprehensive income, as presented on the accompanying consolidated statements of changes in equity, is the cumulative foreign currency translation adjustment.

Economic and Political Risks [Policy Text Block]

'

Economic and political risks

The Group’s current operations are conducted in Macau and Hong Kong. Accordingly, the Group’s consolidated financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC and by the general state of the PRC economy.

The Group’s operations in Macau and Hong Kong are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Group’s consolidated results may be adversely affected by changes in the political and social conditions in the PRC and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad and rates and methods of taxation, among other things.

New Accounting Pronouncements, Policy [Policy Text Block]

'

Recently Issued Accounting Pronouncements

Management does not believe that any recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Past Due Financing Receivables [Table Text Block]	'
	The following is a summary of an aging of the Company’s markers receivable by jurisdiction that may refuse to enforce such debts:
	Jurisdiction/Aging	June 30,		% of total				December 31,			% of total
		2014		markers				2013			markers
				receivable							receivable
	PRC
	0-30 days	$	40,744,229					$	53,574,330
	31-60 days		17,285,782						30,406,634
	61-90 days		18,861,205						7,011,955
	Greater than 90 days		8,006,142						2,185,997
	Total	$	84,897,358		40	%		$	93,178,916			38	%
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]	'
	Additional information regarding the valuation technique and inputs used is as follows:
	Quantitative Information about Level 3 Fair Value Measurements
		Fair Value
	Contingent	as of		Valuation		Unobservable Input		Range
	Consideration	6/30/14		Techniques
	Oriental VIP Room	$	68,002,000	Forecasted Performance, 2014-June 2016		Chip Turnover Annual Growth			(5%) - (40%)
				Monte Carlo Method		Average Simulated Share Prices			$2.90- $2.92
	Bao-Li Gaming	$	44,299,487	Forecasted Performance, 2014-2015		Chip Turnover Annual Growth			(5%) - (40%)
				Monte Carlo Method		Average Simulated Share Prices			$2.84- $3.02
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	The calculations of earnings per share are computed as follows for the three and six months ended June 30, 2014 and 2013:
		Three Months		Three Months			Six Months			Six Months
		Ended		Ended			Ended			Ended
		June 30, 2014		June 30, 2013			June 30, 2014			June 30, 2013
	Numerator:
	Net (loss) income attributable to Ordinary Shareholders for basic and diluted earnings per share	$	-56,715,644	$	-2,978,581		$	-53,535,956		$	3,975,124
	Denominator:
	Denominator for basic (loss) earnings per share
	- Weighted-average Ordinary Shares outstanding during the period		60,258,015		45,936,661			60,329,793			44,945,080
	Effect of dilutive securities:
	- Bao Li Gaming earn out shares		-		-			-			241,022
	Denominator for diluted (loss) earnings per share		60,258,015		45,936,661			60,329,793			45,186,102
	Basic (loss) earnings per share	$	-0.94	$	-0.06		$	-0.89		$	0.09
	Diluted (loss) earnings per share	$	-0.94	$	-0.06		$	-0.89		$	0.09
Schedule of Differences between Reported Amount and Reporting Currency Denominated Amount [Table Text Block]	'
	Any translation adjustments resulting are not included in determining net income but are included in foreign currency translation adjustment in other comprehensive income, a component of shareholders' equity.
		June 30,		June 30,			December 31,
		2014		2013			2013
	Period end HK$:US$ exchange rate	$	7.75	$	7.76		$	7.75
	Average three-months ended HK$:US$ exchange rate	$	7.75	$	7.76		$	-
	Average six-months ended HK$:US$ exchange rate	$	7.76	$	7.76		$	-
	Average annual HK$:US$ exchange rate	$	-	$	-		$	7.76

Accounts_Receivable_Tables

Accounts Receivable (Tables)	6 Months Ended
	Jun. 30, 2014
Receivables [Abstract]	'
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	'
	Accounts receivable consisted of the following:
		June 30,		December 31,
		2014		2013
	Gaming revenues receivable	$	2,606,378	$	5,182,352

Intangible_Assets_Tables

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]	'
Schedule of Intangible Assets and Goodwill [Table Text Block]	'
	Intangible assets as of June 30, 2014 and December 31, 2013 consist of the following:
		Bad Debt		Non-Compete		Profit Interest		Total
		Guarantee		Agreement		Agreement
	Amortized intangible assets:
	Gross carrying amounts
	Balance as of December 31, 2013	$	606,374	$	1,824,021	$	161,646,336	$	164,076,731
	Foreign currency translation		414		628		75,172		76,214
	Balance as of June 30, 2014		606,788		1,824,649		161,721,508		164,152,945
	Accumulated amortization
	Balance as of December 31, 2013	$	320,842	$	325,156	$	25,093,788	$	25,739,786
	Amortization expense		63,632		88,127		8,029,492		8,181,251
	Foreign currency translation		133		310		17,425		17,868
	Balance as of June 30, 2014		384,607		413,593		33,140,705		33,938,905
	Total amortized intangible assets	$	222,181	$	1,411,056	$	128,580,803	$	130,214,040
		Goodwill
	Unamortized intangible assets:
	Balance as of December 31, 2013	$	17,754,136
	Foreign currency translation		8,246
	Balance as of June 30, 2014	$	17,762,382
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	'
	Estimated amortization expense of intangibles for the next five years and thereafter is as follows:
	2014(6 months)	$	8,187,162
	2015		16,374,325
	2016		16,278,117
	2017		16,246,970
	2018		16,246,970
	Thereafter		56,880,496
		$	130,214,040

Lines_of_Credit_Payable_Tables

Lines of Credit Payable (Tables)	6 Months Ended
	Jun. 30, 2014
Payables and Accruals [Abstract]	'
Schedule of Line of Credit Facilities [Table Text Block]	'
	Lines of Credit Payable consisted of the following:
		June 30,		December 31,
		2014		2013
	Due to Casino Operators	$	32,080,794	$	42,670,573

Accrued_Expenses_Tables

Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2014
Payables and Accruals [Abstract]	'
Schedule of Accrued Liabilities [Table Text Block]	'
	Accrued Expenses consist of the following:
		June 30,		December 31,
		2014		2013
	Commission payable-the junket agents	$	13,204,556	$	13,806,535
	Management fee payable-related party (Note 13)		619,331		619,042
	Management and Directors' compensation		720,937		633,385
	Accrued listing expenses		791,845		-
	Others		732,207		642,794
		$	16,068,876	$	15,701,756

Acquisition_of_Kings_Gaming_Pr1

Acquisition of King's Gaming Promotion Limited (Tables) (Kings Gaming [Member])	6 Months Ended
	Jun. 30, 2014
Kings Gaming [Member]	'
Schedule Of Incentive Shares and Additional Incentive Shares Issued [Table Text Block]	'
	The Earnout Shares, Incentive Shares and Additional Incentive Shares (each as defined in the King’s Gaming Purchase Agreement) shall be released and issued to the Seller as follows:
		Gross Profit Target		Earnout/Incentive		Additional
	Year	For Earnout/Incentive Shares		Shares		Incentive Shares
	2011	$	6,150,000		500,000		*
	2012	$	7,380,000		500,000		*
	2013	$	8,860,000		500,000		*
	2014	$	9,740,000		100,000		*
	2015	$	10,720,000		100,000		*
	2016	$	11,790,000		100,000		*
	2017	$	12,970,000		100,000		*
	2018	$	14,260,000		100,000		*
	2019	$	15,690,000		100,000		*
	2020	$	17,260,000		100,000		*
	*- For each $1,000,000 in which the Gross Profit target for such year is exceeded, 10,000 Additional Incentive Shares will be issued.  The Seller is not entitled to any Additional Shares on a pro rata basis for multiples of less or greater than $1,000,000.
Schedule Of Purchase Price [Table Text Block]	'
	As of November 10, 2010, the total estimated purchase price of $75,973,890, consisting of $9 million in cash, 1.5 million Ordinary Shares valued at $10.74 per share for a value of $16,110,000, and estimated contingent consideration of $50,863,890 consisting of contingent cash and Ordinary Shares, was allocated based on valuations performed to determine the fair values of the acquired assets, as follows:
	Gaming License Deposit	$	12,446
	Bad Debt Guarantee		466,116
	Non-Compete agreement		792,304
	Profit interest agreement		59,694,600
	Goodwill		15,008,424
	Total Estimated Purchase Price	$	75,973,890
Schedule Of Business Acquisition Change In Fair Value Of Contingent Considerations [Table Text Block]	'
	The following is a reconciliation of the change in fair value of the contingent consideration:
	Contingent Consideration as of December 31, 2013	$	9,000,000
	Cash Consideration Paid		-9,000,000
	Ordinary Shares Issued		-
	Change in Fair Value of Contingent Consideration		-
	Foreign Currency Translation Adjustment		-
	Contingent Consideration Payable as of June 30, 2014	$	-

Acquisition_of_Bao_Li_Gaming_P1

Acquisition of Bao Li Gaming Promotion Limited (Tables) (Bao Li Gaming [Member])	6 Months Ended
	Jun. 30, 2014
Bao Li Gaming [Member]	'
Schedule Of Incentive Shares and Additional Incentive Shares Issued [Table Text Block]	'
	The Earnout Shares, Incentive Shares and Additional Incentive Shares (each as defined in the Bao Li Purchase Agreement) shall be released and issued to the Bao Li Seller as follows:
		Rolling Chip
		Turnover Target
	Year	For Base		Base Earnout		Base		Incremental
		Earnout		Cash		Earnout		Earnout
		Payments		Payments		Shares		Payment
	2013	$	2,500,000,000	$	13,000,000		625,000		*
	2014	$	2,500,000,000	$	13,000,000		625,000		*
	2015	$	2,500,000,000	$	13,000,000		625,000		*
	*- For each $25,000,000 increment in which the rolling chip turnover target for such year is exceeded, the Company shall pay an additional $130,000 and 6,250 Ordinary Shares will be issued.
Schedule of Purchase Price Allocation [Table Text Block]	'
	As of September 12, 2012, the total estimated purchase price of $48,007,120 consisting of $15,146,026 in cash, and estimated contingent consideration of $32,861,094 consisting of contingent cash and Ordinary Shares has been allocated based on valuations performed to determine the fair values of the acquired assets as follows:
	Gaming License Deposit	$	12,520
	Cash and Incentive Receivables		146,026
	Bad Debt Guarantee		122,381
	Non-Compete agreement		723,484
	Profit interest agreement		45,016,159
	Goodwill		1,986,550
	Total Estimated Purchase Price	$	48,007,120
Schedule Of Business Acquisition Change In Fair Value Of Contingent Considerations [Table Text Block]	'
	The following is a reconciliation of the change in fair value of the contingent consideration:
	Contingent Consideration as of December 31, 2013	$	33,027,050
	Payment		-13,000,000
	Ordinary Shares Issued		-
	Change in Fair Value of Contingent Consideration		24,249,638
	Foreign Currency Translation Adjustment		22,799
	Contingent Consideration Payable as of June 30, 2014	$	44,299,487
Schedule Of Business Acquisitions By Acquisition Contingent Consideration [Table Text Block]	'
	The following is a summary of the current and long term portions of the estimated contingent consideration expected to be paid for the acquisition of Bao Li Gaming:
	Years Ended December 31,	Total Contingent
		Consideration
	2014	$	25,069,009
	2015		19,230,478
		$	44,299,487

Acquisition_of_the_Oriental_VI1

Acquisition of the Oriental VIP Room (Tables) (VIP Room [Member])	6 Months Ended
	Jun. 30, 2014
VIP Room [Member]	'
Schedule Of Incentive Shares and Additional Incentive Shares Issued [Table Text Block]	'
	The Earnout Shares, Incentive Shares and Additional Incentive Shares (each as defined in the Oriental VIP Room Purchase Agreement) shall be released and issued to the Oriental VIP Room Seller as follows:
		Rolling Chip
		Turnover Target
	12 Month Period	For Base		Base Earnout		Base		Incremental
		Earnout		Cash		Earnout		Earnout
		Payments		Payments		Shares		Payment
	30-Jun-14	$	2,500,000,000	$	13,000,000		625,000		*
	30-Jun-15	$	2,500,000,000	$	13,000,000		625,000		*
	30-Jun-16	$	2,500,000,000	$	13,000,000		625,000		*
	*- For each $25,000,000 increment in which the rolling chip turnover target for such year is exceeded, the Company shall pay an additional $130,000 and 6,250 Ordinary Shares. In addition, an aggregate rolling chip turnover of at least $15,000,000,000 for the 36 month period ending June 30, 2016 the Company shall pay an additional $2,500,000 for every $1,000,000,000 of rolling chip turnover in excess of $15,000,000,000 up to a maximum of $12,500,000.
Schedule Of Purchase Price Allocations [Table Text Block]	'
	As of June 26, 2013, the total estimated purchase price of $57,803,560 consisting of $10,000,000 in cash, and estimated contingent consideration of $47,803,560 consisting of contingent cash and Ordinary Shares has been allocated based on valuations performed to determine the fair values of the acquired assets as follows:
	Bad Debt Guarantee	$	16,881
	Non-Compete agreement		305,927
	Profit interest agreement		56,758,004
	Goodwill		722,748
	Total Estimated Purchase Price	$	57,803,560
Schedule Of Business Acquisition Change In Fair Value Of Contingent Considerations [Table Text Block]	'
	The following is a reconciliation of the change in fair value of the contingent consideration:
	Contingent Consideration as of December 31, 2013	$	36,528,269
	Payment		—
	Ordinary Shares Issued		—
	Change in Fair Value of Contingent Consideration		31,434,051
	Foreign Currency Translation Adjustment		39,680
	Contingent Consideration Payable as of June 30, 2014	$	68,002,000
Schedule Of Business Acquisitions By Acquisition Contingent Consideration [Table Text Block]	'
	The following is a summary of the current and long term portions of the estimated contingent consideration expected to be paid for the acquisition of the Oriental VIP Room:
	Years Ended December 31,	Total Contingent
		Consideration
	2014	$	29,875,000
	2015		20,002,500
	2016		18,124,500
		$	68,002,000
Business Acquisition, Pro Forma Information [Table Text Block]	'
	The following pro forma consolidated statements of operations have been prepared assuming that the acquisition of Oriental VIP Room occurred on January 1, 2013.
		Pro Forma
		Consolidated
		For the Six
		Months Ended
		June
		30, 2013
	Revenue	$	131,588,839
	Expenses		132,304,719
	Pro Forma Net (Loss) Attributable To Ordinary Shareholders	$	-715,880
	Pro Forma Net Income Per Share
	Basic	$	-0.02
	Diluted	$	-0.02
	Weighted average shares outstanding
	Basic		44,945,080
	Diluted		45,186,102

Shareholders_Equity_Tables

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2014
Equity [Abstract]	'
Dividends Declared [Table Text Block]	'
	The payment date for each period’s dividend will be set by the Company’s management to be as close as practicable to, but no less than, 10 days after the record date.
	Payment Date	Amount
	2-Sep-11	$	3,880,406
	18-Apr-12	$	7,527,988
	31-Aug-12	$	5,094,140
	26-Apr-13	$	4,142,199
	20-Sep-13	$	4,803,178
Schedule of Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	'
	At June 30, 2014 and December 31, 2013, the Company has reserved 8,288,990 and 8,288,990 shares of its authorized but unissued Ordinary Shares for possible future issuance in connection with the following:
		June 30,		December 31, 2013
		2014
	Officer and Director Shares		88,990		88,990
	Contingently Issuable Incentive Shares-King's Gaming		700,000		700,000
	Contingently Issuable Incentive Shares-Bao Li Gaming		3,750,000		3,750,000
	Contingently Issuable Incentive Shares-Oriental VIP Room		3,750,000		3,750,000
	Total		8,288,990		8,288,990

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Annual Minimum Compensation For Terms Of Employment Agreements [Table Text Block]	'
	Annual minimum compensation for the terms of the employment agreements for terms greater than one year, as amended, is as follows:
	2014 (6 Months)	$	642,048
	2015		724,118
	2016		448,000
	2017		340,000
	2018		62,000
	Total	$	2,216,166

Organization_and_Business_of_C1

Organization and Business of Companies (Details Textual)	1 Months Ended			1 Months Ended		1 Months Ended
	Oct. 31, 2009	Sep. 30, 2009	Nov. 10, 2010	Jun. 30, 2011	18-May-12	Feb. 28, 2011	Sep. 05, 2012	28-May-13	Jun. 26, 2013
	Sang Heng [Member]	Kings Gaming [Member]	Kings Gaming [Member]	Sang Lung [Member]	Jubilee Dynasty [Member]	Bao Li Gaming [Member]	Bao Li Gaming [Member]	Frontier Champion [Member]	Vong Veng Im [Member]
Organization And Basis Of Presentation [Line Items]	'	'	'	'	'	'	'	'	'
Acquire Right Percentage Of Profits	'	'	100.00%	'	100.00%	'	100.00%	100.00%	100.00%
Maximum Commission Percentage	1.25%	1.25%	'	1.25%	'	1.25%	'	'	'

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (Peoples Republic Of China [Member], USD $)	Jun. 30, 2014	Dec. 31, 2013
Peoples Republic Of China [Member]	'	'
Accounting Policies [Line Items]	'	'
0-30 days	$40,744,229	$53,574,330
31-60 days	17,285,782	30,406,634
61-90 days	18,861,205	7,011,955
Greater than 90 days	8,006,142	2,185,997
Total	$84,897,358	$93,178,916
% of total markers receivable	40.00%	38.00%

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details 1) (USD $)	6 Months Ended
	Jun. 30, 2014
Oriental VIP Room [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Fair Value as of 6/30/2014	68,002,000
Oriental VIP Room [Member] | Forecasted Performance [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Valuation Techniques	'Forecasted Performance, 2014-June 2016
Unobservable Input	'Chip Turnover Annual Growth
Oriental VIP Room [Member] | Forecasted Performance [Member] | Minimum [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Range (in percentage)	-5.00%
Oriental VIP Room [Member] | Forecasted Performance [Member] | Maximum [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Range (in percentage)	-40.00%
Oriental VIP Room [Member] | Monte Carlo Method [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Valuation Techniques	'Monte Carlo Method
Unobservable Input	'Average Simulated Share Prices
Oriental VIP Room [Member] | Monte Carlo Method [Member] | Minimum [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Average Simulated Share Prices	2.9
Oriental VIP Room [Member] | Monte Carlo Method [Member] | Maximum [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Average Simulated Share Prices	2.92
Bao Li Gaming [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Fair Value as of 6/30/2014	44,299,487
Bao Li Gaming [Member] | Forecasted Performance [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Valuation Techniques	'Forecasted Performance, 2014-2015
Unobservable Input	'Chip Turnover Annual Growth
Bao Li Gaming [Member] | Forecasted Performance [Member] | Minimum [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Range (in percentage)	-5.00%
Bao Li Gaming [Member] | Forecasted Performance [Member] | Maximum [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Range (in percentage)	-40.00%
Bao Li Gaming [Member] | Monte Carlo Method [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Valuation Techniques	'Monte Carlo Method
Unobservable Input	'Average Simulated Share Prices
Bao Li Gaming [Member] | Monte Carlo Method [Member] | Minimum [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Average Simulated Share Prices	2.84
Bao Li Gaming [Member] | Monte Carlo Method [Member] | Maximum [Member]	'
Financing Receivable, Recorded Investment, Past Due [Line Items]	'
Average Simulated Share Prices	3.02

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Details 2) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Numerator:	'	'	'	'
Net (loss) income attributable to Ordinary Shareholders for basic and diluted earnings per share	($56,715,644)	($2,978,581)	($53,535,956)	$3,975,124
Denominator:	'	'	'	'
Denominator for basic (loss) earnings per share - Weighted-average Ordinary Shares outstanding during the period (in shares)	60,258,015	45,936,661	60,329,793	44,945,080
Effect of dilutive securities:	'	'	'	'
- Bao Li Gaming earn out shares (in shares)	0	0	0	241,022
Denominator for diluted (loss) earnings per share (in shares)	60,258,015	45,936,661	60,329,793	45,186,102
Basic (loss) earnings per share (in dollars per share)	($0.94)	($0.06)	($0.89)	$0.09
Diluted (loss) earnings per share (in dollars per share)	($0.94)	($0.06)	($0.89)	$0.09

Summary_of_Significant_Account6

Summary of Significant Accounting Policies (Details 3)	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2013
Period Ended [Member]	'	'	'
Earning Per Share [Line Items]	'	'	'
Foreign Currency Exchange Rate, Translation	7.75	7.75	7.76
Average Three Months [Member]	'	'	'
Earning Per Share [Line Items]	'	'	'
Foreign Currency Exchange Rate, Translation	7.75	0	7.76
Average Six Months [Member]	'	'	'
Earning Per Share [Line Items]	'	'	'
Foreign Currency Exchange Rate, Translation	7.76	0	7.76
Average Annual [Member]	'	'	'
Earning Per Share [Line Items]	'	'	'
Foreign Currency Exchange Rate, Translation	0	7.76	0

Summary_of_Significant_Account7

Summary of Significant Accounting Policies (Details Textual) (USD $)

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

Sep. 30, 2012

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jul. 17, 2014

Dec. 31, 2013

Jul. 31, 2013

Jul. 03, 2013

Jun. 05, 2013

Apr. 24, 2012

Dec. 31, 2011

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Third Quarter 2014 [Member]

Kings Gaming [Member]

VIP Room [Member]

VIP Room [Member]

Bao Li Gaming [Member]

Bao Li Gaming [Member]

Bad Debt Guarantee [Member]

Bad Debt Guarantee [Member]

Non Compete Agreement [Member]

Non Compete Agreement [Member]

Profit Interest Agreement [Member]

Profit Interest Agreement [Member]

Third Quarter 2014 [Member]

Third Quarter 2014 [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Minimum [Member]

Maximum [Member]

Foreign Currency Exchange [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenues Earned Based On Percentage Of Non Negotiable Chips

'

'

'

0.05%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Rolling Chip Turn Over

'

$4,671,029,000

$4,464,312,000

$9,439,421,000

$8,560,354,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Change Of Revenue Recognition Model

'On August 1, 2012, the Company announced that, beginning on September 1, 2012, it would be changing its remuneration model from a fixed commission model of 1.25% of the rolling chip turnover to a revenue sharing model.

'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Markers Receivable

'

214,400,733

'

214,400,733

'

'

242,350,301

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gaming Win Rate Percentage

'

2.18%

3.06%

2.90%

3.17%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Directors Share Based Compensation Value

'

310,000

'

310,000

'

'

209,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Advertising Expense

'

229,676

29,453

547,638

32,304

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Diluted Common Stock Related To Underwriters

'

'

'

1,440,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unit Purchase Option Expiration Description

'

'

'

'The UPO expired on August 10, 2013

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Directors Compensation Value Payable In Ordinary Shares

'

'

'

20,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized

'

'

'

'

'

'

'

'

'

'

'

200,000

'

'

'

'

'

'

'

'

'

'

'

'

Ordinary Shares Issuable To Directors and Key Management Employees

'

'

'

'

'

60,790

'

60,610

60,610

'

50,400

'

60,790

'

'

'

'

'

'

'

'

'

'

'

Finite-Lived Intangible Asset, Useful Life

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 years

'5 years 6 months

'9 years

'11 years 8 months 12 days

'9 years

'11 years 8 months 12 days

Sale of Stock, Price Per Share

'

'

'

'

'

'

'

'

'

$4.07

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Issue Of Common Stock Subject To Gross Profit Target

'

'

'

'

'

'

'

'

'

'

'

'

'

8,860,000

'

'

'

'

'

'

'

'

'

'

Rolling Chip Turnover Target Achieved, Amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$5,000,000,000

'

$5,000,000,000

'

'

'

'

'

'

'

Ordinary Shares Issuable

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

1,250,000

'

1,250,000

'

'

'

'

'

'

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

'

1,250,000

'

1,250,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted Average Number Basic And Diluted Outstanding Shares Adjustment Description

'

'

'

'Accordingly, as required by FASB ASC Topic 260 Earnings Per Share the number of weighted average Ordinary Shares outstanding for basic and diluted earnings per share have been increased retroactively by a factor of 1.081 for all periods presented before June 21, 2013.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Property, Plant and Equipment, Estimated Useful Lives

'

'

'

'two to five years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accounts_Receivable_Details

Accounts Receivable (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Gaming revenues receivable	$2,606,378	$5,182,352

Accounts_Receivable_Details_Te

Accounts Receivable (Details Textual)	Jun. 30, 2014	Dec. 31, 2013
Casino 1 [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Accounts Receivable Percentage Of Total Receivables	47.00%	41.00%
Casino 2 [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Accounts Receivable Percentage Of Total Receivables	20.00%	33.00%
Casino 3 [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Accounts Receivable Percentage Of Total Receivables	19.00%	12.00%
Casino 4 [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Accounts Receivable Percentage Of Total Receivables	'	9.00%
Gaming Promoter [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Accounts Receivable Percentage Of Total Receivables	14.00%	5.00%

Intangible_Assets_Details

Intangible Assets (Details) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Gross carrying amounts	'	'	'	'	'
Balance	'	'	$164,076,731	'	'
Foreign currency translation	'	'	76,214	'	'
Balance	164,152,945	'	164,152,945	'	'
Accumulated amortization	'	'	'	'	'
Balance	'	'	25,739,786	'	'
Amortization expense	4,092,313	2,548,542	8,181,251	4,977,454	'
Foreign currency translation	'	'	17,868	'	'
Balance	33,938,905	'	33,938,905	'	'
Total amortized intangible assets	130,214,040	'	130,214,040	'	138,336,945
Unamortized intangible assets:	'	'	'	'	'
Balance	'	'	17,754,136	'	'
Foreign currency translation	'	'	8,246	'	'
Balance	17,762,382	'	17,762,382	'	'
Bad Debt Guarantee [Member]	'	'	'	'	'
Gross carrying amounts	'	'	'	'	'
Balance	'	'	606,374	'	'
Foreign currency translation	'	'	414	'	'
Balance	606,788	'	606,788	'	'
Accumulated amortization	'	'	'	'	'
Balance	'	'	320,842	'	'
Amortization expense	'	'	63,632	'	'
Foreign currency translation	'	'	133	'	'
Balance	384,607	'	384,607	'	'
Total amortized intangible assets	222,181	'	222,181	'	'
Non Compete Agreement [Member]	'	'	'	'	'
Gross carrying amounts	'	'	'	'	'
Balance	'	'	1,824,021	'	'
Foreign currency translation	'	'	628	'	'
Balance	1,824,649	'	1,824,649	'	'
Accumulated amortization	'	'	'	'	'
Balance	'	'	325,156	'	'
Amortization expense	'	'	88,127	'	'
Foreign currency translation	'	'	310	'	'
Balance	413,593	'	413,593	'	'
Total amortized intangible assets	1,411,056	'	1,411,056	'	'
Profit Interest Agreement [Member]	'	'	'	'	'
Gross carrying amounts	'	'	'	'	'
Balance	'	'	161,646,336	'	'
Foreign currency translation	'	'	75,172	'	'
Balance	161,721,508	'	161,721,508	'	'
Accumulated amortization	'	'	'	'	'
Balance	'	'	25,093,788	'	'
Amortization expense	'	'	8,029,492	'	'
Foreign currency translation	'	'	17,425	'	'
Balance	33,140,705	'	33,140,705	'	'
Total amortized intangible assets	$128,580,803	'	$128,580,803	'	'

Intangible_Assets_Details_1

Intangible Assets (Details 1) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]	'	'
2014(6 months)	$8,187,162	'
2015	16,374,325	'
2016	16,278,117	'
2017	16,246,970	'
2018	16,246,970	'
Thereafter	56,880,496	'
Finite-Lived Intangible Assets, Net	$130,214,040	$138,336,945

Intangible_Assets_Details_Text

Intangible Assets (Details Textual) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Finite-Lived Intangible Assets [Line Items]	'	'	'	'
- Amortization of Intangible Assets	$4,092,313	$2,548,542	$8,181,251	$4,977,454

Lines_of_Credit_Payable_Detail

Lines of Credit Payable (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Line of Credit Facility [Line Items]	'	'
Lines of Credit Payable	$32,080,794	$42,670,573
Due To Casino Operators [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Lines of Credit Payable	$32,080,794	$42,670,573

Lines_of_Credit_Payable_Detail1

Lines of Credit Payable (Details Textual) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Line of Credit Facility [Line Items]	'	'
Line of Credit Facility, Maximum Borrowing Capacity	$59,352,541	$59,325,000

Accrued_Expenses_Details

Accrued Expenses (Details) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Accrued Expenses [Line Items]	'	'
Management and Directors' compensation	$720,937	$633,385
Accrued listing expenses	791,845	0
Others	732,207	642,794
Accrued Expenses	16,068,876	15,701,756
Related Party [Member]	'	'
Accrued Expenses [Line Items]	'	'
Management fee payable-related party (Note 13)	619,331	619,042
Junket Agents [Member]	'	'
Accrued Expenses [Line Items]	'	'
Commission payable-the junket agents	$13,204,556	$13,806,535

Loans_Payable_Shareholders_Det

Loans Payable, Shareholders (Details Textual) (USD $)

1 Months Ended

6 Months Ended

6 Months Ended

1 Months Ended

6 Months Ended

Jul. 31, 2013

Apr. 30, 2011

Jun. 30, 2014

Jun. 30, 2012

Jun. 30, 2011

Dec. 31, 2013

Jun. 05, 2013

Apr. 18, 2011

Mar. 31, 2010

Feb. 02, 2010

Jun. 30, 2013

Jun. 30, 2013

Feb. 28, 2010

Jun. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Apr. 18, 2011

Common Stock One [Member]

Common Stock Two [Member]

Messrs Lam and Vongs [Member]

Messrs Lam and Vongs [Member]

Messrs Lam and Vongs [Member]

Messrs Lam and Vongs [Member]

Messrs Lam and Vongs [Member]

Schedule of Capitalization, Equity [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Agreement Initiation Date

'

'

'

'

'

'

'

'

'

'

'

'

2-Feb-10

'

'

'

'

Loans Payable

'

'

'

'

'

'

'

$60,000,000

$45,000,000

$19,300,000

'

'

'

'

'

'

$30,000,000

Loan Payable, Shareholders, current

'

'

2,649,637

'

'

5,809,075

'

'

'

'

'

'

'

'

2,649,637

5,809,075

'

Debt Instrument, Maturity Date

'

18-Apr-14

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Convertible Debt Value Per Share

'

'

$20

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common Stock Closing Prices Description

'

'

'Additionally, should the closing price of the Ordinary Shares as reported by the Nasdaq Stock Market for any ten (10) consecutive Trading Days following the date of amendment equals or exceeds $25, the Company shall have the right to convert all of the loans at a rate of $20 per Ordinary Shares, or an aggregate of 3,000,000 Ordinary Shares.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Working Capital Description

'

'

'

'

'

'

'

'

'

'

'

'

'This funding commitment terminates at the end of the fiscal quarter that AGRLs working capital is not less than $100,000,000

'

'

'

'

Repayment Of Loans

'

'

'

'

'

'

'

'

'

'

'

'

'

34,197,930

'

'

'

Repayment Of Loans From Proceeds Towards Rights Offering

$25,802,070

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period Shares New Issues One

'

'

'

3,103,000

12,050,000

'

'

'

'

'

3,312,620

'

'

'

'

'

'

Stock Issued During Period Shares New Issues Two

'

'

'

520,000

4,210,000

'

'

'

'

'

'

6,430,380

'

'

'

'

'

Sale of Stock, Price Per Share

'

'

'

'

'

'

$4.07

'

'

'

$4.50

$3

'

'

'

'

'

Debt Conversion, Converted Instrument, Shares Issued

'

'

3,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition_of_Kings_Gaming_Pr2

Acquisition of King's Gaming Promotion Limited (Details) (USD $)

12 Months Ended

6 Months Ended

Dec. 31, 2011

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

Earnout And Incentive Shares [Line Items]

'

'

'

'

'

'

'

'

'

'

'

Incentive Fee, Amount Paid

'

$6,150,000

$7,380,000

$8,860,000

$9,740,000

$10,720,000

$11,790,000

$12,970,000

$14,260,000

$15,690,000

$17,260,000

Incentive Shares Issued

'

500,000

500,000

500,000

100,000

100,000

100,000

100,000

100,000

100,000

100,000

Additional Incentive Shares Issued

20,000

'

[1]

'

[1]

'

[1]

'

[1]

'

[1]

'

[1]

'

[1]

'

[1]

'

[1]

'

[1]

[1]

For each $1,000,000 in which the Gross Profit target for such year is exceeded, 10,000 Additional Incentive Shares will be issued. The Seller is not entitled to any Additional Shares on a pro rata basis for multiples of less or greater than $1,000,000.

Acquisition_of_Kings_Gaming_Pr3

Acquisition of King's Gaming Promotion Limited (Details 1) (Kings Gaming [Member], USD $)	Nov. 10, 2010
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	$75,973,890
Goodwill [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	15,008,424
Gaming License Deposit [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	12,446
Bad Debt Guarantee [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	466,116
Non Compete Agreement [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	792,304
Profit Interest Agreement [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	$59,694,600

Acquisition_of_Kings_Gaming_Pr4

Acquisition of King's Gaming Promotion Limited (Details 2) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Business Acquisition, Contingent Consideration [Line Items]	'	'	'	'
Foreign Currency Translation Adjustment	$176,984	$208,433	$81,705	($163,706)
Kings Gaming [Member]	'	'	'	'
Business Acquisition, Contingent Consideration [Line Items]	'	'	'	'
Contingent Consideration as of December 31, 2013	'	'	9,000,000	'
Cash Consideration Paid	'	'	-9,000,000	'
Ordinary Shares Issued	'	'	0	'
Change in Fair Value of Contingent Consideration	'	'	0	'
Foreign Currency Translation Adjustment	'	'	0	'
Contingent Consideration Payable as of June 30, 2014	$0	'	$0	'

Acquisition_of_Kings_Gaming_Pr5

Acquisition of King's Gaming Promotion Limited (Details Textual) (USD $)	6 Months Ended	12 Months Ended		1 Months Ended		6 Months Ended	0 Months Ended	6 Months Ended	12 Months Ended	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2011	Nov. 10, 2010	Jun. 26, 2013	Jun. 30, 2013	Jun. 30, 2014	Nov. 10, 2010	Jun. 30, 2014	Dec. 31, 2010	Jun. 30, 2014	Jun. 30, 2014
				VIP Room [Member]	VIP Room [Member]	VIP Room [Member]	Kings Gaming [Member]	Kings Gaming [Member]	Kings Gaming [Member]	Maximum [Member]	Minimum [Member]
										Kings Gaming [Member]	Kings Gaming [Member]
Business Acquisition [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Profit Interest Purchase Agreement Initiation Date	'	'	'	'	'	'	'	'	10-Nov-10	'	'
Acquire Right Percentage Of Profit Interest	'	'	'	'	100.00%	'	'	'	100.00%	'	'
Payments to Acquire Businesses, Gross	'	'	'	'	$20,000,000	$0	'	$9,000,000	'	$36,000,000	$9,000,000
Business Acquisition Working Capital	'	'	'	'	'	'	'	'	27,000,000	'	'
Business Acquisition Installment Payment	'	'	'	'	'	'	'	'	9,000,000	'	'
Business Acquisition Minimum Gross Profit Requirement	6,150,000	'	'	'	'	'	'	6,150,000	'	'	'
Business Acquisition Installment Payment Description	'	'	'	'	'	'	'	9,000,000	'	'	'
Additional Incentive Shares Issued	'	20,000	'	'	'	'	'	10,000	'	'	'
Additional Gross Profit Target	'	2,000,000	'	'	'	'	'	1,000,000	'	'	'
Estimated contingent purchase price-Oriental VIP Room	'	'	'	57,803,560	'	'	'	75,973,890	'	'	'
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	'	'	'	'	'	'	'	'	1,500,000	'	'
Business Acquisition Common Stock Shares Issued Par Value Per Share	'	'	'	'	'	'	$10.74	'	'	'	'
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned	'	'	9	'	'	'	16,110,000	'	'	'	'
Business Acquisition Gain (Loss) Due To Change In Fair Value Of Contingent Consideration	'	'	'	'	'	'	'	'	50,857,564	'	'
Issue Of Common Stock Subject To Gross Profit Target	'	500,000	'	'	'	'	'	1,500,000	'	'	'
Estimated Contingent Consideration	'	'	'	'	'	'	$50,863,890	'	'	'	'

Acquisition_of_Bao_Li_Gaming_P2

Acquisition of Bao Li Gaming Promotion Limited (Details) (Bao Li Gaming [Member], USD $)	6 Months Ended
	Jun. 30, 2014
Bao Li Gaming [Member]	'
Earnout And Incentive Shares [Line Items]	'
Rolling Chip Turnover Target For Base Earnout Payments Shares First Year - 2013	$2,500,000,000
Rolling Chip Turnover Target For Base Earnout Payments Shares Second Year - 2014	2,500,000,000
Rolling Chip Turnover Target For Base Earnout Payments Shares Third Year - 2015	2,500,000,000
Base Earnout Cash Payments Shares First Year - 2013	13,000,000
Base Earnout Cash Payments Shares Second Year - 2014	13,000,000
Base Earnout Cash Payments Shares Third Year - 2015	13,000,000
Base Earnout Shares First Year - 2013	625,000
Base Earnout Shares Second Year - 2014	625,000
Base Earnout Shares Third Year - 2015	625,000
Incremental Earnout Payment Shares First Year - 2013	0	[1]
Incremental Earnout Payment Shares Second Year - 2014	0	[1]
Incremental Earnout Payment Shares Third Year - 2015	$0	[1]
[1]	For each $25,000,000 increment in which the rolling chip turnover target for such year is exceeded, the Company shall pay an additional $130,000 and 6,250 Ordinary Shares will be issued.

Acquisition_of_Bao_Li_Gaming_P3

Acquisition of Bao Li Gaming Promotion Limited (Details 1) (Bao Li Gaming [Member], USD $)	Sep. 12, 2012
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	$48,007,120
Gaming License Deposit [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	12,520
Cash and Incentive Receivables [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	146,026
Bad Debt Guarantee [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	122,381
Non Compete Agreement [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	723,484
Profit Interest Agreement [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	45,016,159
Goodwill [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	$1,986,550

Acquisition_of_Bao_Li_Gaming_P4

Acquisition of Bao Li Gaming Promotion Limited (Details 2) (USD $)	3 Months Ended		6 Months Ended		1 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2012	Jun. 30, 2014
					Bao Li Gaming [Member]	Bao Li Gaming [Member]
Business Acquisition, Contingent Consideration [Line Items]	'	'	'	'	'	'
Contingent Consideration as of December 31, 2013	'	'	'	'	'	$16,189,550
Payment	'	'	'	'	-15,000,000	-13,000,000
Ordinary Shares Issued	'	'	'	'	'	0
Change in Fair Value of Contingent Consideration	'	'	'	'	'	24,249,638
Foreign Currency Translation Adjustment	176,984	208,433	81,705	-163,706	'	22,799
Contingent Consideration Payable as of June 30, 2014	'	'	'	'	'	$19,230,478

Acquisition_of_Bao_Li_Gaming_P5

Acquisition of Bao Li Gaming Promotion Limited (Details 3) (Bao Li Gaming [Member], USD $)	6 Months Ended
	Jun. 30, 2014
Bao Li Gaming [Member]	'
Schedule of Capitalization, Long-term Debt [Line Items]	'
2014	$25,069,009
2015	19,230,478
Total Contingent Consideration	$44,299,487

Acquisition_of_Bao_Li_Gaming_P6

Acquisition of Bao Li Gaming Promotion Limited (Details Textual) (Bao Li Gaming [Member], USD $)	1 Months Ended	3 Months Ended		6 Months Ended
	Sep. 30, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Sep. 12, 2012
Business Acquisition [Line Items]	'	'	'	'	'	'	'
Acquire Right Percentage Of Profit Interest	100.00%	'	'	'	'	'	'
Payments to Acquire Businesses, Gross	$15,000,000	'	'	$13,000,000	'	'	'
Business Acquisition Cost Of Acquired Entity Cash Paid Installment One	'	'	'	'	'	'	7,500,000
Business Acquisition Cost Of Acquired Entity Cash Paid Installment Two	'	'	'	'	'	'	7,500,000
Business Acquisition, Purchase Price Allocation, Current Assets, Receivables	'	'	'	'	'	'	146,026
Earn Out Payment Agreement Description	'	'	'	'For purposes of the Bao Li Purchase Agreement, “Base Rolling Chip Turnover” means $2,500,000,000 of non-negotiable chips that the Bao Li Seller’s network of junket agents purchases from Bao Li Gaming’s and the Company’s VIP gaming rooms attributable to the Bao Li Seller’s network of junket agents at Bao Li Gaming’s existing VIP gaming room and the Company’s existing and future VIP gaming rooms. In addition, as more fully set forth below, the Company is required to issue to the Bao Li Seller (i) up to an aggregate of $39,000,000 and 1,875,000 Ordinary Shares in the event certain rolling chip turnover targets are achieved for each of the three years following the closing date (the “Base Earnout Payment”), (ii) and additional cash payments and Ordinary Shares in the event the rolling chip turnover targets for each of the three years following the closing date are exceeded, in increments of $25,000,000 (the “Incremental Earnout Payment”). For each $25,000,000 increment in which the rolling chip Turnover target for such year is exceeded, the Company shall pay an additional $130,000 and issue 6,250 Ordinary Shares. The Bao Li Seller is not entitled to any additional Incremental Earnout Payments in the event that the Seller’s rolling chip turnover exceeds $5,000,000,000. As a result, in any year the maximum Incremental Earnout Payment cannot exceed $13,000,000 in cash and 625,000 in Ordinary Shares. In the event that the Seller fails to achieve the Base Rolling Chip Turnover in any year, the Bao Li Seller will not be entitled to receive any earnout payments.	'	'	'
Rolling Chip TurnoverTarget ForBase Earnout Payments Shares	'	'	'	25,000,000	'	'	'
Base Earnout Cash Payments Shares	'	'	'	130,000	'	'	'
Base Earnout Shares	'	'	'	6,250	'	'	'
Estimated Contingent Purchase Price	48,007,120	'	'	'	'	'	'
Business Acquisition Estimated Purchase Price Cash	15,146,026	'	'	'	'	'	'
Business Acquisition Purchase Price Contingent Cash and Ordinary Shares	32,861,094	'	'	'	'	'	'
Business Acquisition, Purchase Price Allocation, Noncurrent Liabilities	'	44,299,487	'	44,299,487	'	33,027,050	'
Business Acquisition Gain (Loss) Due To Change In Fair Value Of Contingent Consideration	'	24,054,120	9,551,634	24,249,638	15,481,200	'	'
Base Earnout Cash Payment Shares One	'	'	'	'	13,000,000	'	'
Base Earnout Cash Payment Shares Two	'	'	'	$13,000,000	'	'	'
Subsequent Event [Member]	'	'	'	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'	'	'	'
Base Earnout Shares One	'	'	'	625,000	'	'	'
Base Earnout Shares Two	'	'	'	625,000	'	'	'

Acquisition_of_the_Oriental_VI2

Acquisition of the Oriental VIP Room (Details) (VIP Room [Member], USD $)	6 Months Ended
	Jun. 30, 2014
VIP Room [Member]	'
Earnout And Incentive Shares [Line Items]	'
Rolling Chip Turnover Target For Base Earnout Payments Shares June 30, 2014	$2,500,000,000
Rolling Chip Turnover Target For Base Earnout Payments Shares June 30, 2015	2,500,000,000
Rolling Chip Turnover Target For Base Earnout Payments Shares June 30, 2016	2,500,000,000
Base Earnout Cash Payments Shares June 30, 2014	13,000,000
Base Earnout Cash Payments Shares June 30, 2015	13,000,000
Base Earnout Cash Payments Shares June 30, 2016	13,000,000
Base Earnout Shares June 30, 2014	625,000
Base Earnout Shares June 30, 2015	625,000
Base Earnout Shares June 30, 2016	625,000
Incremental Earnout Payment Shares June 30, 2014	0	[1]
Incremental Earnout Payment Shares June 30, 2015	0	[1]
Incremental Earnout Payment Shares June 30, 2016	$0	[1]
[1]	For each $25,000,000 increment in which the rolling chip turnover target for such year is exceeded, the Company shall pay an additional $130,000 and 6,250 Ordinary Shares. In addition, an aggregate rolling chip turnover of at least $15,000,000,000 for the 36 month period ending June 30, 2016 the Company shall pay an additional $2,500,000 for every $1,000,000,000 of rolling chip turnover in excess of $15,000,000,000 up to a maximum of $12,500,000.

Acquisition_of_the_Oriental_VI3

Acquisition of the Oriental VIP Room (Details 1) (VIP Room [Member], USD $)	Jun. 26, 2013
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	$57,803,560
Bad Debt Guarantee [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	16,881
Non Compete Agreement [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	305,927
Profit Interest Agreement [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	56,758,004
Goodwill [Member]	'
Servicing Assets at Fair Value [Line Items]	'
Total Estimated Purchase Price	$722,748

Acquisition_of_the_Oriental_VI4

Acquisition of the Oriental VIP Room (Details 2) (VIP Room [Member], USD $)	1 Months Ended	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2014
VIP Room [Member]	'	'	'
Business Acquisition, Contingent Consideration [Line Items]	'	'	'
Contingent Consideration as of December 31, 2013	'	'	$36,528,269
Payment	-20,000,000	'	0
Ordinary Shares Issued	'	'	0
Change in Fair Value of Contingent Consideration	'	21,040,720	31,434,051
Foreign Currency Translation Adjustment	'	'	39,680
Contingent Consideration Payable as of June 30, 2014	'	$68,002,000	$68,002,000

Acquisition_of_the_Oriental_VI5

Acquisition of the Oriental VIP Room (Details 3) (VIP Room [Member], USD $)	6 Months Ended
	Jun. 30, 2014
VIP Room [Member]	'
Schedule Of Capitalization Long term Debt [Line Items]	'
2014	$29,875,000
2015	20,002,500
2016	18,124,500
Total Contingent Consideration	$68,002,000

Acquisition_of_the_Oriental_VI6

Acquisition of the Oriental VIP Room (Details 4) (USD $)	6 Months Ended
	Jun. 30, 2014
Proforma Consolidated Revenue [Line Items]	'
Revenue	$131,588,839
Expenses	132,304,719
Pro Forma Net (Loss) Attributable To Ordinary Shareholders	($715,880)
Pro Forma Net Income Per Share	'
Basic (in dollars per share)	($0.02)
Diluted (in dollars per share)	($0.02)
Weighted average shares outstanding	'
Basic (in shares)	44,945,080
Diluted (in shares)	45,186,102

Acquisition_of_the_Oriental_VI7

Acquisition of the Oriental VIP Room (Details Textual) (VIP Room [Member], USD $)	1 Months Ended		3 Months Ended	6 Months Ended
	Jun. 26, 2013	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
VIP Room [Member]	'	'	'	'	'
Business Acquisition [Line Items]	'	'	'	'	'
Acquire Right Percentage Of Profit Interest	'	100.00%	'	'	'
Payments to Acquire Businesses, Gross	'	$20,000,000	'	$0	'
Business Acquisition Cost Of Acquired Entity Cash Paid Installment One	10,000,000	'	'	'	'
Business Acquisition Cost Of Acquired Entity Cash Paid Installment Two	10,000,000	'	'	'	'
Earn Out Payment Agreement Description	'	'	'	'For purposes of the Oriental VIP Room Purchase Agreement, “Base Rolling Chip Turnover” means $2,500,000,000 of non-negotiable chips that the Oriental VIP Room Seller’s network of junket agents purchases from Oriental VIP Room’s and the Company’s VIP gaming rooms. In addition, as more fully set forth below, the Company is required to pay and issue to the Oriental VIP Room Seller (i) up to an aggregate of $39,000,000 and 1,875,000 Ordinary Shares in the event certain rolling chip turnover targets are achieved for each of the three 12 month periods ending June 30, 2014, 2015 and 2016 following the closing date (the “Base Earnout Payment”), (ii) and additional cash payments and Ordinary Shares in the event the rolling chip turnover targets for each of the three 12 month periods ending June 30, 2014, 2015 and 2016 following the closing date are exceeded, in increments of $25,000,000 (the “Incremental Earnout Payment”). For each $25,000,000 increment in which the rolling chip Turnover target for such year is exceeded, the Company shall pay an additional $130,000 and issue 6,250 Ordinary Shares. The Oriental VIP Room Seller is not entitled to any additional Incremental Earnout Payments in the event that the Seller’s rolling chip turnover exceeds $5,000,000,000. As a result, in any year the maximum Incremental Earnout Payment cannot exceed $13,000,000 in cash and 625,000 in Ordinary Shares. In the event that the Seller fails to achieve the Base Rolling Chip Turnover in any year, the Oriental VIP Room Seller will not be entitled to receive any earnout payments. If the Oriental VIP Room Seller achieves an aggregate Rolling Chip Turnover of at least $15,000,000,000 for the 36 month period ending June 30, 2016, the Company shall pay an additional $2,500,000 for every $1,000,000,000 of rolling chip turnover in excess of $15,000,000,000 up to a maximum of $12,500,000.	'
Rolling Chip Turnover Target For Incremental Earnout Payment Shares	'	'	'	25,000,000	'
Incremental Earnout Additional cash Payment Shares	'	'	'	130,000	'
Incremental Earnout Payment Original Shares	'	'	'	6,250	'
Rolling Chip Turnover Target	'	'	'	15,000,000,000	'
Rolling Chip Turnover Agreement Maturity Date	'	'	'	30-Jun-16	'
Rolling Chip Turnover Target Base Amount	'	'	'	1,000,000,000	'
Rolling Chip Turnover Target Additional Payment Amount	'	'	'	2,500,000	'
Rolling Chip Turnover Target Maximum Payment Amount	'	'	'	12,500,000	'
Estimated Contingent Purchase Price	57,803,560	'	'	'	'
Business Acquisition Estimated Purchase Price Cash	10,000,000	'	'	'	'
Business Acquisition Purchase Price Contingent Cash and Ordinary Shares	47,803,560	'	'	'	'
Business Acquisition Contingent Consideration At Fair Value1	'	'	68,002,000	68,002,000	36,528,269
Business Acquisition Contingent Consideration Change In Fair Value Of Contingent Consideration	'	'	21,040,720	31,434,051	'
Business Acquisition, Transaction Costs	'	'	$1,252,000	$1,252,000	'

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
September 2, 2011 [Member]	'
Dividends Payable [Line Items]	'
Dividends, Total	$3,880,406
April 18, 2012 [Member]	'
Dividends Payable [Line Items]	'
Dividends, Total	7,527,988
August 31, 2012 [Member]	'
Dividends Payable [Line Items]	'
Dividends, Total	5,094,140
April 26, 2013 [Member]	'
Dividends Payable [Line Items]	'
Dividends, Total	4,142,199
September 20, 2013 [Member]	'
Dividends Payable [Line Items]	'
Dividends, Total	$4,803,178

Shareholders_Equity_Details_1

Shareholders' Equity (Details 1)	Jun. 30, 2014	Dec. 31, 2013
Class of Stock [Line Items]	'	'
Common Stock, Capital Shares Reserved for Future Issuance	8,288,990	8,288,990
Kings Gaming [Member]	'	'
Class of Stock [Line Items]	'	'
Common Stock, Capital Shares Reserved for Future Issuance	700,000	700,000
Bao Li Gaming [Member]	'	'
Class of Stock [Line Items]	'	'
Common Stock, Capital Shares Reserved for Future Issuance	3,750,000	3,750,000
Oriental VIP Room [Member]	'	'
Class of Stock [Line Items]	'	'
Common Stock, Capital Shares Reserved for Future Issuance	3,750,000	3,750,000
Officer and Director [Member]	'	'
Class of Stock [Line Items]	'	'
Common Stock, Capital Shares Reserved for Future Issuance	88,990	88,990

Shareholders_Equity_Details_Te

Shareholders' Equity (Details Textual) (USD $)

3 Months Ended

6 Months Ended

1 Months Ended

6 Months Ended

3 Months Ended

12 Months Ended

6 Months Ended

12 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2011

Dec. 31, 2013

Jun. 05, 2013

Jun. 03, 2013

Jun. 30, 2013

Jun. 30, 2011

Jun. 30, 2013

Jun. 30, 2013

24-May-13

Mar. 31, 2013

Dec. 31, 2012

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Rights Offering [Member]

Common Stock [Member]

Lam Man Pou and Vong Hon Kun [Member]

Lam and Vong [Member]

Lam and Vong [Member]

2012 Repurchase Plan [Member]

2012 Repurchase Plan [Member]

2013 Repurchase Plan [Member]

2013 Repurchase Plan [Member]

Audit Committee Chairman [Member]

Audit Committee Other [Member]

Compensation and Nominating Committee Chairman [Member]

Compensation and Nominating Committee Other [Member]

Director [Member]

Stockholders Equity Disclosure [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common Stock, Shares Authorized

500,000,000

'

500,000,000

'

'

'

500,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common Stock, Par value (in dollars per share)

$0.00

'

$0.00

'

'

'

$0.00

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Class of Warrant or Right, Number of Securities Called by Warrants or Rights

'

'

'

'

'

'

'

'

20,225,582

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Directors Compensation In Cash

'

'

$30,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Directors Compensation In Common Stock Shares

'

'

20,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional Annual Cash Compensation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,000

5,000

5,000

3,000

'

Directors Compensation In Cash For Atleast Hour

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000

Directors Compensation In Cash For Less Than Hour

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

500

Director Fees Charged To Operations

124,252

124,252

248,500

248,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Repurchase Of Common Stock Shares

'

'

'

'

'

'

'

'

'

'

26,300

'

'

'

726,053

1,273,947

1,415,300

732,900

'

'

'

'

'

Payments for Repurchase of Common Stock

'

'

'

'

'

'

'

'

'

'

124,207

'

'

'

2,728,912

4,166,483

4,193,554

2,295,849

'

'

'

'

'

Cash Dividend Description

'

'

'During June 2011, the Board of Directors authorized a regular cash dividend of $0.10 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 annual financial results, an amount per outstanding ordinary share equal to (i) 15% of the Company’s non-GAAP net income (defined as operating income before amortization of intangible assets and change in fair value of contingent consideration) for the most recently completed fiscal year, less the amount paid pursuant to the immediately previous six-month dividend, divided by (ii) the number of Ordinary Shares outstanding on the record date for such dividend. In March 2012, the Board of Directors authorized an increase in the dividend payable after the release of the Company’s 6-month financial statements from $0.10 to $0.12 per outstanding ordinary share. Subsequent to the rights offering, the Board of Directors authorized a proportionate decrease in the dividend payable after the release of the Company’s 6-month financial statements from $0.12 to $0.08 per outstanding ordinary share.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Dividend Record Date Description

'

'

'The record date for each period’s dividend will be set by the Company’s management to be as close as practicable to, but no less than, 15 days after the public release by the Company of the financial results for the applicable six-month period and fiscal year end. The payment date for each period’s dividend will be set by the Company’s management to be as close as practicable to, but no less than, 10 days after the record date.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred Stock, Shares Authorized

1,150,000

'

1,150,000

'

'

'

1,150,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Class of Warrant or Right, Exercise Price of Warrants or Rights

'

'

'

'

'

'

'

'

$3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sale of Stock, Price Per Share

'

'

'

'

'

'

'

$4.07

'

'

'

$4.50

'

$4.37

'

'

'

'

'

'

'

'

'

Sale of Stock, Percentage of Ownership after Transaction

'

'

'

'

'

'

'

'

'

'

'

34.00%

34.00%

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period, Shares, New Issues

'

'

'

'

'

'

'

'

'

19,527,950

'

'

'

'

'

'

'

'

'

'

'

'

'

Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs

'

'

'

'

'

'

'

'

'

$2,067,809

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period Shares New Issues One

'

'

'

'

3,103,000

12,050,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period Shares New Issues Two

'

'

'

'

520,000

4,210,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date

'

'

'

'

'

'

'

'

'

'

30-Jun-12

'

'

'

'

'

'

'

'

'

'

'

'

Common Stock, Capital Shares Reserved for Future Issuance

8,288,990

'

8,288,990

'

'

'

8,288,990

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Repurchase Program, Number of Shares Authorized to be Repurchased

'

'

'

'

'

'

'

'

'

'

2,000,000

'

'

'

'

2,000,000

'

4,000,000

'

'

'

'

'

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	6 Months Ended
	Jun. 30, 2014
Employment Agreement Minimum Compensation [Line Items]	'
2014	$642,048
2015	724,118
2016	448,000
2017	340,000
2018	62,000
Total	$2,216,166

Commitments_and_Contingencies_2

Commitments and Contingencies (Details Textual) (USD $)

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

1 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jul. 31, 2013

Jul. 31, 2013

Jun. 30, 2014

Gaming Rentals [Member]

Gaming Rentals [Member]

Gaming Rentals [Member]

Gaming Rentals [Member]

Subsequent Event [Member]

Hong Kong [Member]

Macau [Member]

Mr.Vong Veng [Member]

Chien Lee [Member]

Mr.Leong And Mr.Li [Member]

Commitments and Contingencies Disclosure [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Employment Contracts Total Compensation Charged To Operations

$346,496

$319,645

$700,348

$639,289

'

'

'

'

'

'

'

'

'

'

Lease Expiration Date

'

'

'

'

'

'

'

'

'

30-Sep-15

30-Apr-16

'

'

'

Capital Leases, Future Minimum Payments Due, Next Twelve Months

38,910

'

38,910

'

'

'

'

'

'

'

'

'

'

'

Capital Leases, Future Minimum Payments Due in Two Years

68,435

'

68,435

'

'

'

'

'

'

'

'

'

'

'

Capital Leases, Future Minimum Payments Due in Three Years

11,862

'

11,862

'

'

'

'

'

'

'

'

'

'

'

Fees and Commissions, Transfer Agent

'

'

'

'

'

'

'

'

88,961

'

'

'

'

'

Employment Agreement Term

'

'

'

'

'

'

'

'

'

'

'

'5 years

'2 years

'

Employment Agreement Expiry Date

'

'

'

'

'

'

'

'

'

'

'

'

'

28-Feb-13

Monthly Paid Rent For Storage Space

'

'

1,160

'

'

'

'

'

'

'

'

'

'

'

Sale Leaseback Transaction, Monthly Rental Payments

'

'

'

'

'

'

425,000

'

'

'

'

'

'

'

Operating Leases, Rent Expense

$23,817

$24,975

$46,223

$41,713

$1,276,974

$0

$2,552,895

$0

'

'

'

'

'

'

Related_Party_Transactions_Det

Related Party Transactions (Details Textual) (USD $)

12 Months Ended

1 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Jul. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sang Heng [Member]

Sang Heng [Member]

Sang Lung [Member]

Sang Lung [Member]

Bao Li and King's Gaming [Member]

Pak Si [Member]

Pak Si [Member]

Pak Si [Member]

Pak Si [Member]

Pak Si [Member]

Pak Si [Member]

Entertainment Expense [Member]

Entertainment Expense [Member]

Entertainment Expense [Member]

Entertainment Expense [Member]

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Expenses from Transactions with Related Party

'

'

'

'

'

'

$1,857,417

$1,546,033

$3,713,302

$3,093,222

'

$177,086

$166,341

$358,594

$308,341

Related Party Transactions, Monthly Payments

155,000

180,000

155,000

180,000

103,000

103,000

'

'

'

'

'

'

'

'

'

Due to Related Parties

'

'

'

'

'

'

$619,331

'

$619,331

'

$619,042

'

'

'

'