Iao Kun Group Holding Company Completes Acquisition of Majority Interest in Guangzhou LiNiu Network Technology Co. Ltd.

Announces Management and Board of Directors Changes

HONG KONG–(BUSINESS WIRE)–Iao Kun Group Holding Company Limited (“IKGH”) (NASDAQ:IKGH), announced
today that it has completed the acquisition of 51% of Jia-Heng
Industrial Ltd., the holding company of Guangzhou LiNiu Network
Technology Co. Ltd. (“LiNiu Network”), a software technology development
company that is currently developing an electronic B2C, C2C and O2O
trading platform focused on the Chinese agricultural industry.

Upon the closing of the acquisition, IKGH also announced several changes
to management and the Board of Directors. Effective immediately, Mr. Lam
Chou In, Chief Operating Officer of IKGH, has been promoted to co-Chief
Executive Officer, responsible for the Macau gaming business. In
addition, Mr. Wang Shun Yang has been appointed as co-CEO and as a
director of the Board, and will be responsible for IKGH’s Chinese
technology industry development. Finally, Mr. Fong Weng Nam has been
appointed as IKGH’s new Chairman of the Board of Directors.

In connection with the closing, Mr. Lam Man Pou has resigned as Chairman
and director of IKGH’s Board of Directors, and Mr. Vong Hon Kun has
resigned as CEO and director of the Board. Both Mr. Lam and Mr. Vong
will remain as Chief Marketing Officer and Chief Operating Officer of
IKGH, respectively.

“We are pleased to complete the acquisition and are moving forward
rapidly to launch our agriculturally focused e-commerce platform within
the next few months,” said Mr. Wang. “At the same time, we want to thank
Mr. Lam and Mr. Vong for their leadership of IKGH over the years and are
gratified to have them remain with IKGH as a valuable resource as we
embark on this new chapter.”

Mr. Wang is the founder of LiNiu Network and has been developing its
agricultural electronic trading platform since 2013. Prior to founding
LiNiu Network, he acted as Chief Consultant and led the industrial
design, planning, investment and integration of the “Yunnan Agricultural
Science and Technology Park”, which was jointly organized by the
Ministry of Agriculture and Yunnan Province, to establish a systematic
supply chain for the agricultural industry in the Park and the
integration of industry and financial capital.

Mr. Fong is a businessman that has been engaged in investment, real
estate development and Macau’s gaming business for over 20 years. Mr.
Fong currently is the Member of Jinwan Committee of Zhuhai of Chinese
People’s Political Consultative Conference; Vice President of Hong Kong
and Macao and Taiwan Cultural Exchange Association; Vice President
of Macao Chong San Seak Kei Friendship Association and Chief Supervisor
of Macao Henan Association.

Forward-Looking Statements

This press release includes forward-looking statements made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform
Act of 1995 that involve risks and uncertainties. Forward-looking
statements are statements that are not historical facts. Such
forward-looking statements, based upon the current beliefs and
expectations of IKGH’s management, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward-looking statements. The gaming industry is characterized by an
element of chance. Theoretical win rates for IKGH’s promotion entities’
VIP gaming room operations depend on a variety of factors, some beyond
their control. In addition to the element of chance, theoretical win
rates are also affected by other factors, including gaming patrons’
skill and experience, the mix of games played, the financial resources
of gaming patrons, the spread of table limits, the volume of bets placed
by IKGH’s promotion entities’ gaming patrons and the amount of time
gaming patrons spend on gambling — thus VIP gaming rooms’ actual win
rates may differ greatly over short time periods, such as from quarter
to quarter, and could cause their quarterly results to be volatile.
These factors, alone or in combination, have the potential to negatively
impact the VIP gaming rooms’ win rates. Investors and potential
investors should consult all of the information set forth herein and
should also refer to the risk factors set forth in IKGH’s Annual Report
on Form 20-F filed in March 2016, and other reports filed or to be filed
from time-to-time with the Securities and Exchange Commission.

About Iao Kun Group Holding Company Limited

IKGH is a holding company that currently participates in the promotion
of a VIP gaming room at the City of Dreams Macau in Cotai. In February
2017, IKGH announced its intent to diversify into non-gaming assets with
the acquisition of a majority interest of Guangzhou LiNiu Network
Technology Co. Ltd., which is developing an electronic trading platform
focused on the Chinese agricultural industry.


Ryan Yip, +853 2872 3425