Summit Ascent Holdings said that staff in Tigre de Cristal near Vladivostok has started to receive Russia’s self-developed Sputnik V COVID-19 vaccination.
The Russian government’s “decisive and ambitious actions to prioritise vaccinating Russian citizens, including our employees working in Tigre de Cristal, is a tell-tale sign to us that Asia is on its way back to normality,” Summit Ascent Chairman Chau Cheok Wa said.
The company, which is a unit of Suncity Group, said business had seen a decent recovery in the second half, with the resort being well supported by the local Russian market.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
For reasons that are not entirely clear, the value of the stock of Royal International Corp, owner of Royal Ha Long casino hotel, has doubled in the past two weeks, even as the stock index itself has been on a declining path.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.