Summit Ascent Holdings Limited

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

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...

Macau casino entrepreneurs have a good year

Adam Morgan

January 19, 2018

Latest Casino and Gambling News, Economy/Finance, Macau

The ongoing recovery of the casino market in Macau has reportedly helped some of the industry’s best-known entrepreneurs to increase their wealth even further, with four local gambling magnates appearing in the...

Lawrence Ho Yau Lung steps down at Summit Ascent Holdings Limited

Adam Morgan

January 1, 2018

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Russia

After last month selling off the entirety of his 17.37% stake in Asian casino operator Summit Ascent Holdings Limited, Hong Kong-based businessman Lawrence Ho Yau Lung (pictured) has now resigned as the firm’s ...

Taiwanese firm buying into Summit Ascent Holdings Limited

Adam Morgan

December 20, 2017

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Russia

Taiwanese shipping giant First Steamship Company Limited has reportedly announced that it will be spending approximately $253,000 million over the coming weeks in order to acquire a 12.67% stake in Asian casino...

Craig Ballantyne to leave Summit Ascent Holdings Limited

Adam Morgan

September 6, 2017

Latest Casino and Gambling News, Hong Kong, Russia

Asian casino operator Summit Ascent Holdings Limited has reportedly announced that Craig Ballantyne will be stepping down as its Chief Operating Officer “in the next few weeks” so as to join sister firm Melco I...

Tigre De Cristal being hurt by lack of weekend room capacity

Adam Morgan

September 5, 2017

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

In Russia, a lack of available rooms at weekends is reportedly harming business at Tigre De Cristal although the anticipated opening later in the year of nearby hotels without gambling may significantly help tr...

Primorsky Krai auction attracting domestic and international interest

Adam Morgan

August 29, 2017

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 has received inquiries from both domestic and international casino firms regarding the three plots of Far East l...