{"id":16385,"date":"2021-03-30T15:53:02","date_gmt":"2021-03-30T15:53:02","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=16385"},"modified":"2026-04-23T20:44:08","modified_gmt":"2026-04-23T23:44:08","slug":"summit-ascent-appoints-new-ceo","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/summit-ascent-appoints-new-ceo","title":{"rendered":"Summit Ascent appoints new CEO"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">David Chua Ming Huat will assume his new role at <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/summit-ascent-reports-positive-adjusted-ebitda-in-2020\" target=\"_blank\">Summit Ascent<\/a><\/em><\/strong> at the beginning of May this year.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">China.- Gaming and hospitality investment holding company <strong>Summit Ascent Holdings has appointed\u00a0David Chua Ming Huat as executive director and chief executive officer.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Chua, who is currently chairman of Travellers International Hotel Group, will assume his new role on May 1 this year. He will work an<strong> initial term of three years<\/strong>, earning an <strong>annual remuneration of HKD3.6m (US$463,040).<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The new executive will see the company through the development of its <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/primorye-gambling-hub-continues-to-progress-officials-says\" target=\"_blank\">Primorye Gaming Zone development Tigre de Cristal<\/a><\/em><\/strong> in Russia, which is <strong>set to open its second phase in early 2022.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He will <strong>take over from Summit&#8217;s deputy chairman and executive director, Andrew Lo Kai Bong,<\/strong> who is currently acting as the company&#8217;s chief operating decision-maker.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Chua has vast experience in the gaming industry, having <strong>previously dedicated 15 years of his career to companies associated with Malaysia\u2019s <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/genting-group-posts-us398m-loss-for-q2\" target=\"_blank\">Genting Group<\/a><\/em><\/strong>. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From 2006 to 2007 he was chief operating officer of Genting Berhad. He then served simultaneously as president of Genting Hong Kong and director of Norwegian Cruise Line Holdings until 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Chua Ming Huat will assume his new role at Summit Ascent at the beginning of May this year.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Summit Ascent Holdings has appointed David Chua Ming Huat as its new Executive Director and CEO, effective May 1, 2024, for a three-year term. Chua, previously Chairman of Travellers International Hotel Group and with extensive experience from Genting Group, will oversee the development of the Tigre de Cristal's second phase in Russia's Primorye Gaming Zone.","focusai_entities":"David Chua Ming Huat, Summit Ascent Holdings, Travellers International Hotel Group, Andrew Lo Kai Bong, Genting Group, Genting Berhad, Genting Hong Kong, Norwegian Cruise Line Holdings, Tigre de Cristal","focusai_location":"China, Russia, Malaysia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Tigre de Cristal Strategy?","query":"Given David Chua's extensive background, what strategic shifts or accelerated development timelines can be anticipated for the second phase of the Tigre de Cristal project under his leadership?"},{"label":"Market Expansion Outlook?","query":"How might Mr. Chua's prior experience with major integrated resort groups influence Summit Ascent's broader market expansion strategy beyond the Primorye Gaming Zone?"}],"footnotes":""},"categories":[157,16338],"tags":[23701],"class_list":["post-16385","post","type-post","status-publish","format-standard","hentry","category-business-news","category-east-asia-news","tag-summit-ascent"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16385","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=16385"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16385\/revisions"}],"predecessor-version":[{"id":16403,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/16385\/revisions\/16403"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=16385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=16385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=16385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}