Macau casino junket investor Iao Kun Group Holding Ltd (IKGH) is following through on its vow to further reduce the scope its Macau operations.

On Tuesday, IKGH announced that it had closed its VIP gaming rooms at Galaxy Entertainment Group’s Galaxy Macau and StarWorld properties. As a result, IKGH has also terminated its related deals with Sang Heng and Sang Lung Gaming Promotion Ltd.

The closures follow last week’s announcement that IKGH had closed its VIP room at Sands China’s Sands Cotai Central and terminated its deal with King’s Gaming Promotion Ltd. The three closures leave IKGH with just two Macau VIP rooms, one at Melco Crown Entertainment’s City of Dreams and the other at SJM Holdings’ L’Arc Macau.

IKGH said the latest two closures will generate total annual savings of around $4m. The closures came as a result of IKGH’s strategic review of its Macau operations, and IKGH warned that it could take “additional action to reduce its operating expenses and preserve its capital position.”