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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...

Second Sochi casino begins operation

The second casino in the Krasnaya Polyana gambling zone has opened its doors, just days after the closure of rivaling zone Azov-City. The Boomerang...

Azov-City shuts its doors for good

Russian first gambling zone, Azov-City officially closed its doors on December 29 after eight years of existence, local media reports. Days before its closure,...

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New Zealand updates national strategy to tackle gambling harm

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Melco, MGM announce anniversary bonuses

MGM China and Melco Resorts and Entertainment said they will pay a bonus equivalent to one month’s salary to celebrate the 70th anniversary of the founding of The People’s Republic of China and the 20th anniversary of the establishment of Macau as a Special Administrative Region.

70 percent of suspicious transactions came from casinos

A little over 70 percent of all suspicious transactions in 19H1 took place inside of gaming venues, according to data from the Macau Financial...

Cambodia casino growth a threat to Genting Malaysia

Cambodia’s growing casino and tourism industry could pose a challenge to Genting’s Malaysia operations, according to a note from JP Morgan analysts.  In a recent...