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2021-02-03
Work is expected to begin on an integrated resort in Crimea early this year, with the project to be completed by 2024, according to information distributed by Russia Gaming Week. The resort will include a five-star hotel, casino, swimming pool, conference...

2021-01-22
Online casinos and illegal bookmakers are feeling the squeeze after the Russian central bank has made it very difficult for punters to get paid.

2021-01-21
Bank of America/Merrill Lynch has added its voice to other recent commentary pointing to significant upside for Summit Ascent due to optimism over its projects in Russia and the Philippines.

2021-01-06
While the pandemic may have brought tourism to a standstill, Suncity Group Holdings is showing no indication of slowing down its expansion plans in tandem, announcing an ambitious range of targets for 2021. 

2021-01-05
Russia’s parliament has passed a new bill redistributing control over the online betting market, creating a unified gambling regulator to track bets and allocations to sporting leagues and significantly increasing costs to the industry. 

2020-12-23
The local government has decided to extend tax incentives for the two casinos facing the economic challenges of the pandemic through the end of 2020. This two-month extension is estimated to reduce tax intake by about 7.3 million rubles (US$96,000).

2020-12-02
Locals seeking staycations are likely to provide strong support for Summit Ascent in the short term until international travel resumes, Citic Securities analysts wrote in a note.

2020-10-07
The second casino in Russia's Primorye gambling zone, the Shambala casino, is preparing for a grand opening and is already operating in a soft-launch

2020-10-05
Russian President Vladimir Putin has signed a bill into law that will require casino operators to step up their identification of patrons in a bid to improve tax revenue.

2020-09-17
Kung Volleyball, ping pong and Tajikistan football leagues are just some of the exotic sports that saw wagering action during the pandemic shutdowns, though now regular events are opening up, operators are noting a big swing back to old favourites.

2020-08-25
Summit Ascent Holdings has reported a HK$47 million (US$6.1 million) loss for the first half of 2020. The previous year, there had been a HK$42.8 mill

2020-08-12
Summit Ascent Holdings issued a profit warning and Q1 financial results on Tuesday, in coordination with a Suncity Group circular confirming their int

2020-08-11
The concept of a casino and entertainment hub in Russia’s Far East will take a further step towards fruition this summer with the expected opening

2020-08-10
The Primorye Development Corp. has reiterated that Russia’s largest IR to date will open imminently, but that no specific date has been set.

2020-08-07
The concept of a casino and entertainment hub in Russia’s Far East will take a further step towards fruition this summer with the expected opening of the Shambhala Casino.

2020-07-27
The Shambala casino in Russia’s Primorye gambling zone is planning to open in the next few months, becoming the second IR in the region, according to a statement from the Primorye Territory Development Corporation.

2020-07-23
Russia has approved legislation that will significantly overhaul its sports betting industry, imposing tax on bets placed on overseas events and extending financial obligations to all market participants. 

2020-07-17
The legislative assembly in Russia's Primorye has temporarily lowered taxes for Tigre de Cristal as a relief measure over the Covid-19 outbreak, a loc

2020-07-16
Summit Ascent Holdings has announced that the governor of Primorsky Krai granted permission for Tigre de Cristal, owned by the group’s subsidiary in

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