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Suncity ups stake in Summit Ascent to almost 28 percent

Suncity Group Holdings has bought a further 24.68 percent stake in Summit Ascent Holdings for HK$717.8 million ($91.5 million) as it seeks to build an “integrated tourism-related platform.”

Summit Ascent deputy chair resigns

Summit Ascent said its executive director and deputy chairman John Wang has resigned to pursue other business interests with effect from April 12.

First Steamship mulling Summit Ascent stake sale

First Steamship Co. is considering an approach to buy its entire stake in Summit Ascent Holdings, saying a potential gain would help boost the group’s earnings.

Summit Ascent main shareholders mull share disposal

Summit Ascent Holdings, operators of Tigre De Cristal, has announced that its main shareholders, First Steamship Co Ltd, and Summit Ascent chairman Kuo Jen...

Korean firms eye Primorye zone

Three firms from South Korea are eyeing projects in the Primorye gambling zone in Russia’s far east, with Summit Ascent, the region’s only existing...

Summit Ascent VIP has potential to nearly double by 2020: Union Gaming

Summit Ascent Holdings, which operates the Tigre de Cristal property in the Primorye gaming zone in Russia, has the potential to almost double its...

Diamond Fortune partners with Japanese company for Primorye

Diamond Fortune has partnered with a Japanese company, Simple Create Co. Ltd, on its Imperial hotel complex, one of the largest projects in the...

Russian bookies took US$18 billion in bets in 2018

Russian bookmakers recorded approximately RUB1.2 trillion (US$18 billion) in bets in 2018, according to local media. The figure is understood to apply to not only...

Buryatia wants to be Russia’s next gambling zone

Russa’s southern region of Buryatia has taken steps to become the country’s next authorized gambling zone, local media reports. During a meeting of the local...

S. Korean company plans Primoyre golf course

South Korean company Dongnam Industry is planning to invest about $30 million into the construction of a golf course in the Primorye gambling zone. The...

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