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 $32.79 million thanks in large part to a significant uptick from its VIP business.
According to a report from CalvinAyre.com, the Hong Kong-listed firm used an official Monday filing to reveal that combined gaming revenues at the Russian casino for the six months to the end of June had grown by 24.2% year-on-year to hit just over $30.21 million while comparable takings from VIP players had risen by more than two-thirds to almost $8.77 million.
Summit Ascent detailed that Tigre de Cristal had experienced a 28% year-on-year boost in six-month VIP gambling turnover to $1.07 billion as the period saw the venue offering ten more high-roller tables than the twelve it had featured for the comparable period in 2018.
Opened in October of 2015 at a cost of about $175 million, Tigre de Cristal is located roughly 31 miles north of Vladivostok in the Primorye Integrated Entertainment Resort zone and reportedly saw its half-year mass-market table games revenues decline by 7.3% year-on-year to $9.86 million. However, CalvinAyre.com detailed that the 121-room facility’s overall six-month takings from slots had improved by 36.5% to nearly $11.55 million despite comparable handle rising by only 22%.
Tigre has added in excess of 50 new slots to its Russian casino over the course of the past twelve months while the first-half win rate for each one of these individual machines had improved by 0.6% year-on-year to stand at 5.5%.
Summit reportedly inked a deal in April that saw Asian junket firm, Suncity Group, take its stake in Tigre up to almost 28% while the operator used the official filing to proclaim that this new cooperative relationship is due to ‘continue to grow in scope.’ To go along with this new-found rapport, the casino company purportedly also proclaimed that it is now planning to premiere a multitude of non-gaming amenities inside the Russian development beginning with a Korean barbecue restaurant from the first quarter of next year.