Monday, May 13, 2024

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Suntrust starts employee recruitment process for Manila casino

Russian casino operator Summit Ascent’s Philippine-based fellow subsidiary Suntrust Resort Holdings is ‘starting the employee recruitment process for the Main Hotel Casino’s operations team.’ The information was shared through Wednesday’s filing.

Summit Ascent’s 1H23 gaming revenue flat, returning to loss

Russian gaming operator Summit Ascent recorded gaming revenue of HK$167 million ($21 million) in 1H23, which remained flat year-over-year. The company returned to recording losses during the period, with a loss attributable to owners of HK$16.1 million ($2.1 million) in 1H23, compared to a profit attributable to owners of HK$85.2 million ($10.9 million) in 1H22.

Summit Ascent expecting losses in 1H23 due to Russian Ruble value drop

Summit Ascent is expecting the fluctuation of the Russian Ruble's exchange rate could cause the gaming operator to report some HK$16.1 million ($2 million)...

Summit Ascent providing $246 million to PH-based Suntrust

Russian casino operator Summit Ascent, a subsidiary of the LET Group (formerly known as Suncity), has announced that it has entered into a new share agreement with its Philippine partner-company Suntrust Resort Holdings for some PHP13.51 billion ($246.85 million).

Summit Ascent completes acquisition of Okinawa resort property

Russian casino operator Summit Ascent has announced it has completed an acquisition from parent company LET Group of land rights for an undeveloped property in Okinawa, Japan, to set up a resort.

Summit Ascent acquiring rights to Okinawa resort property for $35mln

Russian casino operator Summit Ascent has announced the planned acquisition from parent company LET Group of land rights for an undeveloped property in Okinawa, Japan, to set up a resort.

Summit Ascent in talks with partial subsidiary over $6.15 million debt

Russian casino operator Summit Ascent, listed in Hong Kong and formerly part of the Suncity junket empire, as announced that it is in talks with Philippine casino operator Suntrust Resorts over its unpaid interest on bonds totaling HK$48 million ($6.15 million).

Summit Ascent releases business update on Tigre de Cristal

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.

Primorye says Mantera Group to build $192m casino

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.

Major Russian investor to build $142m complex in Primorye

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