Russia
Primorye celebrates casino development as NagaCorp construction stalls
Deputy Prime Minister of Primorye Konstantin Shestakov celebrated the results of casino development in the Russian Far East on Friday, even as he revealed that construction at the NagaCorp facility was suspended over the Covid-19 impact.
Shambala opens with cash draw, entertainment show
The first phase of the Shambala resort in Russia's Far East opened on Friday evening with an entertainment show and cash prize draw. It's the second casino to open in the Primorye region.
Russia growth prospects fail to excite
Summit Ascent Holdings says it remains “cautiously optimistic” about the long-term future of Russia’s Far Eastern gaming zone, but has begun looking for faster growth opportunities.
Suncity completes acquisition of nearly 70% of Summit Ascent
Suncity has now increased its stake in Summit Ascent from approximately 24.7 percent before the recent rights issue to approximately 69.7 percent, taking a controlling stake in the operator of Tigre de Cristal in the Russian Far East.
Shambala casino grand opening set for Friday
The Shambala casino is set to become the second such facility in the Russian Far East with its grand opening set for this Friday. This casino will become the direct competitor to the Tigre de Cristal.
Shambala casino begins soft opening
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...
Putin tightens tax controls
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.
Punters flood the sports betting zone
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.
Summit Ascent loses US$6.1 million in H1
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...
Summit Ascent issues profit warning as Suncity moves toward control
Summit Ascent Holdings issued a profit warning and Q1 financial results on Tuesday, in coordination with a Suncity Group circular confirming their intention to...
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