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Russia – Russian entity looks to take control of Tigre de Cristal
A Russia company called Dalnevostochniy Aktiv is reportedly close to purchasing a controlling share in Tigre de Cristal, the leading casino in Russia’s Far East near Vladivostok in the Primorye Integrated Entertainment Zone. The deal, which will cost $116m, was revealed on the Taiwan Stock Exchange by Firich Investment who owns 20 per cent of the shares…
Россия – Suncity увеличивает долю в Summit Ascent до 69.66%
Suncity Group Holdings has said it now has ‘every reason to drive businesses in Summit Ascent’ after increasing its stake in the owner of Tigre de Cristal in Russia from approximately 24.74 per cent to approximately 69.66 per cent via a rights issue. Since the grand opening of Tigre de Cristal in November 2015, Tigre…
Russia – Summit Ascent looking to diversify into other gaming markets
Summit Ascent Holdings has said it will limit the expansion of Tigre de Cristal’s Phase II expansion in Russia’s far east and look instead to diversify its revenue streams with investments in other gaming markets. The Directors believe that the COVID-19 will continue to present challenges to the Group, and it is impossible to quantify…
Russia – Slots help drive Tigre de Cristal to second year of profit growth
Summit Ascent Holdings, who owns 60 per cent of Oriental Regent Limited, who operates Tigre de Cristal in the Russian Far East, has said the casino saw an increase of 18 per cent in EBIDTA and a 15 per cent increase in revenues in 2019. Adjusted Property EBITDA generated came in at HK$214.8m in 2019,…
Russia – Revenues at Tigre de Cristal exceed expectations
Tigre de Cristal, Summit Ascent’s resort casino in the Russian Far East, helped drive a revenue increase of 46 per cent in 2017 with GGR up to HK$470.8m(US$59.98m). Adjusted Property EBITDA generated by Oriental Regent Limited, a subsidiary of the Group through which Tigre de Cristal, is operated, was HK$173.7m for the year 2017, up…
Россия – Лоуренс Хо сокращает долю в Tigre de Cristal
Melco Resort’s Lawrence Ho has reduced his shareholding in Summit Ascent Holdings, developer of the Tigre de Cristal casino resort in Russia’s eastern Primorsky gambling zone, sparking speculation that he is freeing up cash to invest in the Philippines. Mr. Ho has offloaded $21.3m worth of shares last week, reducing his share in the Summit…
Россия – Tigre de Cristal получит 500 миллионов долларов на втором этапе
Владельцы Tigre de Cristal, крупнейшего казино в единой развлекательной зоне России в Приморском крае под Владивостоком, инвестируют $500 млн в развитие второй фазы проекта. G2 Entertainment, дочерняя компания Summit Ascent Holdings Limited, владеет контрольным пакетом акций за казино, подтвердил, что на втором этапе проекта будет добавлено 1 2…
Russia – Tigre de Cristal doubles daily attendance
Over 190,000 people have so far visited Tigre de Cristal, an Integrated Entertainment Zone in the Primorye Region near Vladivostok, since the beginning of the year. The casino’s owners Summit Ascent Holdings, fronted by Lawrence Ho, reported that its average daily visitation had doubled in the past quarter with the average number of daily visits…
Россия – Tigre De Cristal фиксирует «феноменальный ежемесячный рост»
‘Phenomenal month-on-month growth’ from the Asian VIP gaming sector has seen Tigre De Cristal in Russia’s Primorsky Krai region, post a net profit of US$219,100 for its first six month. The company who owns 60 per cent of the casino, Summit Ascent Holdings Limited, revealed that this time last year it made a loss of…
