Chinese authorities arrest 142 for organizing trips to Tigre de Cristal
Chinese authorities have arrested 142 people who were allegedly recruiting players in China for trips to Summit Ascent’s Tigre de Cristal in Russia to gamble.
The case involved RMB1.6 billion ($250 million) in funds used for gambling.
Police seized 18 shell companies, 4 underground banks, and 10 travel agencies that provided services to gambling personnel in the country.
November 5, 2021
https://agbrief.com/news/china/05/11/2021/chinese-authorities-arrest-142-for-organizing-trips-to-tigre-de-cristal/
Summit Ascent Holdings has released a business update on its Tigre de Cristal property in Russia’s Primorye gambling zone, pointing out that revenue was back at pre-pandemic levels, or better.
Stylianos Tsifetakis, the chief operations officer of the resort
Tsifetakis also said Tigre de Cristal has been receiving strong requests for information from markets such as Taiwan, South Korea and Japan and he expects a strong rebound once borders reopen.
October 25, 2021
https://agbrief.com/news/russia/25/10/2021/summit-ascent-releases-business-update-on-tigre-de-cristal/
Summit Ascent Holdings Limited (0102.HK)
Summit Ascent Holdings Limited was founded in 1993 and is headquartered in Central, Hong Kong.
https://finance.yahoo.com/quote/0102.HK/
Suncity Group claims majority 69.66% stake in Summit Ascent Holdings
Suncity Group Holdings Limited has increased its stake in Summit Ascent Holdings – the majority owner of Russian casino Tigre de Cristal near Vladivostok – to 69.66% as part of a rights issue.
Suncity said that Summit Ascent would now be considered a subsidiary of the group and its financial statements consolidated into Suncity’s results. Summit Ascent holds a 60% stake in Tigre de Cristal operating entity Oriental Regent Ltd.
Suncity Group Chairman Alvin Chau
October 15, 2020
https://www.asgam.com/index.php/2020/10/15/suncity-group-claims-majority-69-66-stake-in-summit-ascent-holdings/
Suncity Group Holdings Limited (1383.HK)
0.290-0.010 (-3.33%)
https://finance.yahoo.com/quote/1383.HK/profile/