No plans for Crimea: Summit Ascent

Summit Ascent Holdings has denied any plans to invest in the gambling zones located in Crimea and Sochi, contrary to media reports.

In a statement released to Betting Business Russia, Summit Ascent executive director Craig Ballantyne, said the company was “definitely not planning to invest in the gambling zones located in the Republic of Crimea and Sochi.”

Media reports last week suggested that SJM Holdings and Summit Ascent Holdings may invest in the Crimean gaming zone, citing a high-profile source in the Russian-Chinese business circle.