Archive

_2021-12-06
Summit Ascent Holdings said that Dr U Chio Ieong has resigned effective immediately, becoming the second non-executive director to depart in two weeks.

_2021-12-02
Summit Ascent Holdings said non-executive director Wong Pak Ling, Philip, is stepping down from the company with immediate effect as "his resignation would be in the best interests of the company."

_2021-11-09
Tigre de Cristal, which celebrated its sixth birthday last month, has already seen its monthly revenue reach pre-Covid levels due to strong support from the local Russian market.

_2021-11-05
Chinese authorities have arrested 142 people who were allegedly recruiting players in China for trips to Summit Ascent’s Tigre de Cristal in Russia to gamble.

_2021-10-25
Summit Ascent Holdings has released a business update on its Tigre de Cristal property in Russia’s Primorye gambling zone, pointing out that revenue was back at pre-pandemic levels, or better.

_2021-10-04
The Primorye Development Corp. said Asia-Invest Group had agreed to invest at least RUB2.5 billion ($34 million) in the gambling zone.

_2021-10-03
The development of Russia’s Primorye gaming zone has taken a major step forward in recent months, with the announcement of two new investors planning integrated resorts in the area.

_2021-09-17
Tigre De Cristal operator Summit Ascent Holdings said the firm’s operating expenses are currently being sustained by local mass and slots business, though growth in premium mass will depend on border policies. 

_2021-09-17
Casinos in the Primorye gambling zone have been able to enjoy three months of zero taxes in 2021 in order to alleviate the strain of low visitation.

_2021-09-02
The Primorye Territory Development Corp. said Russia's Mantera Group has signed an accord to build a $192 million integrated resort in the Russian gambling hub.

_2021-08-30
NagaCorp. has resumed construction of an 11-storey hotel and entertainment complex Naga Vladivostok in the territory of the Primorye gambling zone.

_2021-08-27
A "major Russian investor" has agreed to spend at least $142 million to build a casino and entertainment complex in the Primorye gambling zone.