09/16/21 Tigre de Cristal growth depends on border policies, Summit says Summit Ascent Holdings has said that premium mass and VIP business growth depends heavily on border policies and the arrival of tourists.
08/25/21 Summit Ascent posts 35% rise in revenue for H1 The Tigre de Cristal operator has posted revenue of HK$129.5m (US$16.6m) for the first half of the year.
04/23/21 Tigre de Cristal Phase II opening delayed until 2023 Tigre de Cristal Phase II was set to open in 2022 but Summit Ascent has postponed the target launch to 2023.
03/31/21 Summit Ascent appoints new CEO David Chua Ming Huat will assume his new role at Summit Ascent at the beginning of May this year.
03/25/21 Summit Ascent reports positive adjusted EBITDA in 2020 Summit Ascent was able to make up for lost profits in the second half of 2020 thanks to strong local demand. It now it plans to launch a VIP business.
02/25/21 Summit loans SunTrust US$120m for new Manila casino The Manila hotel and casino development is scheduled for completion in late 2022.
01/22/21 Summit Ascent to reach GGR of $1.23bn by 2024 According to Bank of America/Merrill Lynch, the Suncity-owned operator will increase GGR through its casinos in Manila and Russia.
01/14/21 Summit Ascent seeks direct VIP model in Russia The gaming operator is said to be planning a more direct approach at Tigre de Cristal instead of relying on the controlling partner, Suncity Group.
11/18/20 Summit Ascent increases stake in Tigre de Cristal Suncity Group’s Bermuda-listed subsidiary has raised its stake in the operator of the Primorye casino by 10 per cent.
11/01/20 Tigre de Cristal Phase II underway The company said the casino was already profitable in Q3 of 2020, and that the Phase II “is well underway.”
10/15/20 Suncity takes control of Summit Ascent The Hong Kong-listed group has increased its stake in the operator of Tigre de Cristal casino to almost 70 per cent.
08/26/20 Summit Ascent posts 63% drop in revenue The Tigre de Cristal operator has posted losses of HK$47 million (US$6 million) for the first half.
08/13/20 Summit Ascent issues profit warning The company expects an accumulated loss of US$6.45 million for the first half.
