• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Lawrence Ho’s Russian casino gets 190k guests YTD: govt

Oct 24, 2016 Newsdesk Latest News, Rest of Asia, Top of the deck  


Lawrence Ho’s Russian casino gets 190k guests YTD: govt

The Tigre de Cristal casino resort in the Russian Far East has welcomed more than 190,000 visitors since the beginning of 2016, according to local authorities.

Tigre de Cristal is currently the only casino in operation in the Primorye Integrated Entertainment Zone, a casino development area located 50 kilometres (31 miles) from Russia’s Pacific port of Vladivostok. The property is majority owned by Summit Ascent Holdings Ltd, a Hong Kong-listed firm controlled by gaming entrepreneur Lawrence Ho Yau Lung, chairman of Melco Crown Entertainment Ltd.

The Primorsky Krai Administration stated on Friday, in a news piece on its official website, that Tigre de Cristal received an average daily attendance of around 1,000 people per day in the July to September period. That was about double the figure recorded in the previous three months, the report added.

Of the visitors in the third quarter, around 30 percent were identified as foreign tourists – mainly from South Korea and China – the report stated, quoting an official from the Primorye Territory Tourism Department.

Tigre de Cristal (pictured) had a soft launch in October 2015 followed by an official one in November the same year.

The Primorsky Krai Administration also said that Tigre de Cristal had paid almost RUB500 million (US$8 million) in taxes and other government fees during its first year of operations.

In its interim report for the six months to June 30, published in September, Summit Ascent stated the monthly rolling chip turnover at Tigre de Cristal had gone from HKD258 million (US$33.3 million) in November 2015 to HKD2.0 billion in July 2016, and HKD2.2 billion in August 2016. The approximately 700-percent increase in monthly rolling chip turnover was due in part to the arrival of some Macau-based junkets, a spokesman for the property’s majority owner recently told GGRAsia.

Four licences have so far been granted for the development of casino resorts in Primorsky Krai, coupled with land grants totalling almost 1.4 million square metres (15.1 million sq feet). So far only Tigre de Cristal has been built and opened, but Hong Kong-listed casino operator NagaCorp Ltd is expected to be the next firm to open a venue in that Integrated Entertainment Zone. NagaCorp’s chairman has told GGRAsia that the construction programme is on schedule and the group expects to open its property there in the summer of 2018.

In the latest interim report, Summit Ascent said it expects to start construction of Tigre de Cristal’s phase two “in the second half of 2017, and open the first stage of our phase two for operations in the first half of 2019”. The company had said previously that phase two of Tigre de Cristal might open in 2018.


  • tweet
Related articles
  • Blackstone clinches US$6.15bln takeover of Crown Resorts
    Blackstone clinches US$6.15bln takeover...

    Jun 24, 2022  

  • Studio City new attraction for families open June 30
    Studio City new attraction for families...

    Jun 07, 2022  

More news
  • Macau drops 48hr nucleic acid test for casino staff, guests
    Macau drops 48hr nucleic acid test for...

    Jun 30, 2022  

  • Universal hopes Okada Manila biz listed before Sept 30
    Universal hopes Okada Manila biz listed...

    Jun 30, 2022  


Latest News

Macau drops 48hr nucleic acid test for casino staff, guests

Macau drops 48hr nucleic acid test for casino staff, guests

Jun 30, 2022  

The Macau government announced on Thursday the cancellation of a plan for a nucleic acid test certificate requirement with 48 hour validity, for casino staff, casino customers and official visitors...
Read More
Universal hopes Okada Manila biz listed before Sept 30

Universal hopes Okada Manila biz listed before Sept 30

Jun 30, 2022  

5-casino Thai market ok says National Assembly committee

5-casino Thai market ok says National Assembly committee

Jun 30, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

"During our six years in office, we were able to record more than PHP300 billion [in revenue]"

Andrea Domingo

Chairman of the Philippines’ gaming regulator Pagcor



Most Popular

  • 5-casino Thai market ok says National Assembly committee5-casino Thai market ok says National Assembly committee June 30, 2022
  • LVS full recovery may take until 2024: Moody’sLVS full recovery may take until 2024: Moody’s June 29, 2022
  • China quarantine easing good signal for Macau: analystsChina quarantine easing good signal for Macau: analysts June 29, 2022
  • Only 2 Macau satellites closed as concessions extendedOnly 2 Macau satellites closed as concessions extended June 29, 2022
  • Macau Legend US$152mln loss, eyes Macau ops after 2022Macau Legend US$152mln loss, eyes Macau ops after 2022 June 29, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us