Summit Ascent Holdings has released a quarterly update regarding its business operations and the status of the HKEX trading suspension.

Hong Kong stock regulator warns it may delist LET Group and Summit Ascent over concerns about the sale of its Russian assets, namely Tigre de Cristal.

Hong Kong-listed LET Group and Summit Ascent suspended trading from 9 am on February 14th.

Summit Ascent Holdings Ltd’s company secretary has resigned, adding to the recent wave of resignations hitting the company.  

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 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)...

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).

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.

The LET Group is further shifting around its real estate investments in Japan. After previously announcing the sale of a Hokkaido land plot for $27 million, it’s now moving its interests in a HK$268.7 million ($34.4 million) plot in Okinawa prefecture under its Summit Ascent subsidiary – which operates the Tigre de Cristal casino in Russia.

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.