Summit Ascent suspends operations at Tigre de Cristal
Summit Ascent announced to the Hong Kong Stock Exchange on Friday that it was suspending its gaming operations at Tigre de Cristal in Primorye and would offer only limited hotel services.
“The aim of the temporary suspension is to prevent crowds gathering during the pandemic. The group fully supports President Vladimir Putin and the Russian Government’s measures to combat Covid-19, as the health and safety of our guests and our team members are of
paramount importance,” the statement read.
The period of gaming suspension might be lifted on April 5.
The Suncity Group is currently a major shareholder in Summit Ascent, holding a 25 percent share, with Alvin Chau having been appointed chairman in June of last year.
Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.