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Summit Ascent full-2019 profit soars, Landheer leaves

Mar 24, 2020 Newsdesk Latest News, Rest of Asia, Top of the deck

2019 the largest shareholder of Summit Ascent. The Suncity brand, controlled by Mr Chau, is best known for supplying high-value Chinese casino gamblers to the Macau...

Summit Ascent 1H revenue, profit up on improved gaming ops

Aug 27, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

company said in a filing. Summit Ascent, which is the lead developer of the Tigre de Cristal casino resort (pictured) in the Russian Far East, posted a profit of HKD42.8...

Summit Ascent full-2018 revenue down, profit halved

Mar 19, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck

VIP programme on a go-forward basis… We believe the VIP story for Summit Ascent could nearly double by 2020.” The Suncity brand, controlled by Macau casino...

Summit Ascent play catches north China market: Daiwa

Mar 08, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck

Gaming volumes at Russian Far East casino investor Summit Ascent Holdings Ltd compare well to the pioneering years of Macau casino market liberalisation, says brokerage Daiwa...

Suncity listco now holds 70pct of Summit Ascent

Oct 15, 2020 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Hong Kong-listed Suncity Group Holdings Ltd, headed by the boss of a major Macau junket investor, is now the controlling shareholder of casino backer Summit Ascent Holdings Ltd....

Philippines better growth than Russia, says Summit Ascent

Sep 21, 2020 Newsdesk Latest News, Philippines, Rest of Asia, Top of the deck

Cristal casino complex in the Russian Far East. Suncity Group Holdings Ltd, controlled by Macau junket boss Alvin Chau Cheok Wa, has a leading stake in Summit Ascent. Mr Chau is...

Lawrence Ho to sell off stake in casino op Summit Ascent

Dec 18, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck

16.03 percent of Summit Ascent’s issued share capital. “The board has been informed by Mr Ho – the chairman, non-executive director and a substantial shareholder of the company...

Suncity listco to pay US$160mln to up stake in Summit

Jun 02, 2020 Newsdesk Latest News, Macau, Philippines, Rest of Asia, Top of the deck

Ltd, the promoter of the Tigre de Cristal casino complex in the Russian Far East. Summit Ascent said part of the proceeds would be used to subscribe to convertible bonds...

Summit Ascent key investor eyes US$55mln stake sale

Apr 09, 2019 Newsdesk Latest News, Rest of Asia, Top of the deck, World

key investor, conglomerate First Steamship Co Ltd, confirmed in a Monday filing to the Taiwan Stock Exchange that – as reported by Summit Ascent earlier this month – First...

Summit 2018 EBITDA risks Russia tax plan pain: analyst

Nov 29, 2017 Newsdesk Latest News, Rest of Asia, Top of the deck

A possible increase to the tax burden on casinos based in Russia could reduce Summit Ascent Holdings Ltd’s 2018 earnings before interest, taxation, depreciation and amortisation...