Summit Ascent Holdings Limited

Suncity Group Holdings Limited upping its Russian commitment

November 3, 2020

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Russia

Asian junket behemoth Suncity Group Holdings Limited has reportedly announced that one of its subsidiaries has agreed deals to acquire a further 7.5% stake in Oriental Regent Limited and take its combined inter...

Suncity Group Holdings Limited ups its stake in Summit Ascent Holdings Limited

Adam Morgan

October 15, 2020

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Hong Kong, Economy/Finance, Mergers, Acquisitions & Partnerships, Russia

Asian junket behemoth Suncity Group Holdings Limited has reportedly announced the completion of a deal that has seen it pay approximately $160 million in order to acquire a further 41.69% stake in Russian casin...

Shambala Casino to conduct grand opening on Friday

Adam Morgan

October 14, 2020

Latest Casino and Gambling News, Casino proposals, Casino News, Casino openings, Gaming Industry News, Casino project updates, Economy/Finance, Russia

In Russia and the first phase of the $45 million Shambala Casino from local concern Shambala CJSC is reportedly set to fully open on Friday complete with a restaurant, a theater, a pair of fast-food venues and ...

Summit Ascent to limit Tigre de Cristal Phase II expansion as COVID-19 sees nearly 63 percent revenue drop in 1H20

K Morrison

August 25, 2020

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Casino project updates, Economy/Finance, Russia

Hong Kong-based investment holding company Summit Ascent Holdings Limited (102:Hong Kong) will reportedly begin construction on the US$200 million phase two of Tigre de Cristal located in Russia's Primorye Inte...

Late-summer opening plans for Russia’s coming Shambala Casino

Adam Morgan

July 30, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Gaming Industry News, Casino project updates, Economy/Finance, Russia

In Russia and the government for the Far Eastern province of Primorsky Krai has reportedly announced that the first phase of the coming Shambala Casino is scheduled to open later ‘this summer’ following over tw...

Tigre De Cristal to re-open following coronavirus-induced shutdown

Adam Morgan

July 16, 2020

Latest Casino and Gambling News, Casino News, Casino openings, Casino closures, Gaming Industry News, Economy/Finance, Labor Relations, Russia

Asian casino operator Summit Ascent Holdings Limited has reportedly announced that it has been granted official permission to revive operations at its Tigre De Cristal facility following an over 15-week shutdow...

Tigre de Cristal soon to welcome Suncity Group-run VIP gaming room

Adam Morgan

March 24, 2020

Latest Casino and Gambling News, Casino News, Casino expansion projects, Gaming Industry News, Economy/Finance, Russia

The boss for Asian real estate firm Suncity Group Holdings Limited has reportedly announced that his privately-owned junket business will very shortly begin welcoming punters to a new VIP gaming room within eas...

Tigre de Cristal half-year results highlight the importance of VIP clientele

Adam Morgan

August 27, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Economy/Finance, Mergers, Acquisitions & Partnerships, Russia

Asian casino operator, Summit Ascent Holdings Limited, has reportedly revealed that its Tigre de Cristal venue recently experienced a 24% increase year-on-year in aggregated six-month revenues to approximately ...

More development cash for Tigre de Cristal operator

Adam Morgan

July 26, 2019

Latest Casino and Gambling News, Casino News, Casino expansion projects, Casino project updates, Economy/Finance, Russia

Asian casino operator, Summit Ascent Holdings Limited, has reportedly announced that it is hoping to raise approximately $38 million via a share issue to help fund the planned expansion of its Tigre de Cristal ...

Macau junket firms launch VIP operations in Sihanoukville

Adam Morgan

May 7, 2019

Latest Casino and Gambling News, Gaming Law & Legislation, Cambodia, Casino News, Casino openings, Mergers, Acquisitions & Partnerships

Two of Macau’s most prominent junket firms have reportedly recently established VIP-facing operations inside a small casino situated within a new beachfront resort located in the southern Cambodian city of Siha...

Suncity Group Holdings Limited acquires controlling stake in Russian casino operator

Adam Morgan

April 24, 2019

Latest Casino and Gambling News, Economy/Finance, Mergers, Acquisitions & Partnerships, Russia

Asian junket operator, Suncity Group Holdings Limited, has reportedly announced the completion of a deal that has seen it pay approximately $91.5 million in order to acquire a controlling stake in Russian casin...

Further expansion plans for Tigre de Cristal revealed

Adam Morgan

September 18, 2018

Latest Casino and Gambling News, Casino News, Casino expansion projects, Casino project updates, Russia

In eastern Russia, the state-run Primorsky Krai Development Corporation has reportedly revealed that the coming second phase of the Tigre de Cristal integrated casino resort is set to feature a substantial shop...

Shambala CJSC announces plans for Russian Far East casino

Adam Morgan

June 4, 2018

Casino Sales, Latest Casino and Gambling News, Casino proposals, Casino project updates, Mergers, Acquisitions & Partnerships, Russia

In Russia, local firm, Shambala CJSC, has reportedly unveiled plans that will see it construct an around 172,200 sq ft integrated casino resort in the Primorye Integrated Entertainment Resort zone near the port...

Upcoming auction for pair of Russian Far East casino plots

Adam Morgan

May 4, 2018

Latest Casino and Gambling News, Casino proposals, Casino project updates, Russia

In Russia, the state-owned Primorsky Krai Development Corporation has reportedly declared that it will be holding an auction later this month for two parcels of land in the casino-friendly Primorye Integrated E...

Foundation work begins on coming Naga Vladivostok facility

Adam Morgan

April 23, 2018

Latest Casino and Gambling News, Casino project updates, Russia

In Russia, the state-owned Primorsky Krai Development Corporation has reportedly declared that Asian casino operator NagaCorp Limited has begun construction on the foundations for the first phase of its planned...