Tag Archives Ascent

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


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 casino operator Summit Ascent Holdings Limited. According to a report from Inside Asian Gaming, the Hong Kong-listed firm had previously held ...

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


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 Integrated Entertainment Zone (IEZ) near Vladivostok by Q4 this year. However, the Asian casino operator has decided it will not further increase the scale of the ...