• 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

Tigre de Cristal officially opens Nov 11

Oct 23, 2015 Newsdesk Latest News, Rest of Asia, Top of the deck  


Tigre de Cristal officially opens Nov 11

Phase 1 of the Tigre de Cristal casino resort (pictured) in the Russian Far East is to have its official opening on November 11,  the resort’s main backer, Hong Kong-listed Summit Ascent Holdings Ltd, has confirmed to GGRAsia.

Summit Ascent is controlled by Asian casino developer Lawrence Ho Yau Lung.

Local RIA Novosti news agency reported – quoting local officials – that Tigre de Cristal’s 121-room hotel is fully booked through to the end of 2015 and that the majority of the guests are from outside Russia.

“The development looks to tap into the vein of 120 million Chinese and Koreans that live within a two-hour flight of the region,” said a note earlier this month from Union Gaming Research LLC.

The first stage of development had a soft opening on October 8. Phase 1 has a capital budget of US$172 million and there is a commitment by Mr Ho and his development partners to spend “up to” US$700 million in total.

The gaming in phase 1 will have 42 mass-market tables, 25 VIP tables, and 769 slot machines and electronic table games, Eric Landheer, Summit Ascent’s director of corporate finance and strategy, told GGRAsia in a recent interview.

Tigre de Cristal is the first to market of four casino resorts authorised for the Primorye Integrated Entertainment Zone – located 50 kilometres (31 miles) from Russia’s Pacific port of Vladivostok.


  • tweet
Related articles
  • LET Group seeks US$6 million in funds via share placement
    LET Group seeks US$6 million in funds...

    Feb 06, 2023  

  • Casino investor LET gets US$64mln loan from Summit Ascent
    Casino investor LET gets US$64mln loan...

    Jan 30, 2023  

More news
  • Macau early Feb average daily GGR higher than Jan: JPM
    Macau early Feb average daily GGR...

    Feb 06, 2023  

  • Macau tour trade returns at historic areas, resorts says govt
    Macau tour trade returns at historic...

    Feb 06, 2023  


Latest News

Macau early Feb average daily GGR higher than Jan: JPM

Macau early Feb average daily GGR higher than Jan: JPM

Feb 06, 2023  

Macau’s casino gross gaming revenue (GGR) for the first five days of February is estimated at MOP1.9 billion (US$235.1 million) – or MOP380 million per day – a level that suggests a “45...
Read More
Macau tour trade returns at historic areas, resorts says govt

Macau tour trade returns at historic areas, resorts says...

Feb 06, 2023  

Cambodia ops to Mar 31 for due tax on non-gaming: report

Cambodia ops to Mar 31 for due tax on non-gaming: report

Feb 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The resumption [of mainland package tours] is definitely good news: recovering foot traffic for casinos [in Macau] is really important and their comeback will help with that”

Hoffman Ma Ho Man

Deputy chairman of Success Universe Group, promoter of casino-hotel Ponte 16



Most Popular

  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
  • Galaxy Macau’s new arena to host K-pop group BlackpinkGalaxy Macau’s new arena to host K-pop group Blackpink January 9, 2023
  • Cyprus president says Melco CoD Mediterranean to aid nationCyprus president says Melco CoD Mediterranean to aid nation February 6, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us