{"id":22687,"date":"2021-09-16T12:37:45","date_gmt":"2021-09-16T15:37:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=22687"},"modified":"2026-04-23T15:36:21","modified_gmt":"2026-04-23T18:36:21","slug":"tigre-de-cristal-growth-depends-on-border-policies-summit-says","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/tigre-de-cristal-growth-depends-on-border-policies-summit-says","title":{"rendered":"Tigre de Cristal growth depends on border policies, Summit says"},"content":{"rendered":"\n

Summit Ascent Holdings has said that premium mass and VIP business growth depends heavily on border policies and the arrival of tourists.<\/p>\n\n\n\n\n\n\n\n

Russia.- Casino operator\u00a0Summit Ascent Holdings<\/strong>\u00a0has said that Tigre de Cristal’s growth in premium mass and VIP business will depend on the return of tourists and the easing of border policies.\u00a0The company hopes that an increase in vaccination rates worldwide<\/strong>\u00a0could allow it to see more visitors soon.<\/p>\n\n\n\n

Summit Ascent Holdings said\u00a0it was “invigorated” by the resumption of international flights\u00a0<\/strong>to Vladivostok International Airport, specifically from the South Korean capital, Seoul, and the Japanese capital, Tokyo.\u00a0However, the casino operator said the number of arrivals was low due to quarantine requirements.<\/p>\n\n\n\n

The company expects the development of\u00a0the Primorye Gambling Zone in Russia<\/strong>\u00a0will help increase the number of tourism arrivals and hopes the gambling zone could become a leisure destination in its own right in the long term.<\/p>\n\n\n\n

Summit Ascent Holdings<\/a>\u00a0recently shared its financial results for the first half of 2021, posting revenue of HK$129.5m (US$16.6m)<\/strong>. Gross gaming revenue (GGR) amounted to HK$139.1m, up 9.4 per cent year-on-year, although\u00a0the company didn’t register revenue from the VIP segment<\/strong>\u00a0due to the Covid-19 pandemic.<\/p>\n\n\n\n

The\u00a0mass-table segment was up 92 per cent\u00a0<\/strong>to HK$68.5m and slot-machine revenue 70.2 per cent to HK$70.6m due to growth in the domestic market.<\/p>\n\n\n\n

Mantera Group to develop US$192m casino resort in Primorye<\/h2>\n\n\n\n

The Primorsky Territory Development Corporation has announced\u00a0an agreement with Mantera Group<\/strong>\u00a0to develop an integrated resort. The group is to\u00a0invest RUB14bn (US$192m) to build a casino resort<\/strong>, which it hopes to complete within four years of work starting, which is scheduled for 2022.<\/p>\n\n\n\n

The company responsible for overseeing the Primorye Gambling Zone in Russia has also recently announced that NagaCorp<\/a> has also resumed its casino development.<\/p>\n\n\n\n

NagaCorp said it had chosen a Russian contractor to resume building work on its US$150m casino resort<\/strong>. It is also looking for another contractor<\/strong> for outdoor engineering and landscaping works.<\/p>\n","protected":false},"excerpt":{"rendered":"

Summit Ascent Holdings has said that premium mass and VIP business growth depends heavily on border policies and the arrival of tourists.<\/p>\n","protected":false},"author":176,"featured_media":22706,"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' Tigre de Cristal casino in Russia's Primorye Gambling Zone faces growth dependency on eased border policies and tourist arrivals, despite H1 2021 GGR growth driven by the domestic mass market. Concurrently, the Primorye zone is seeing significant investment with Mantera Group initiating a US$192m resort and NagaCorp resuming its US$150m development, signaling long-term regional expansion.","focusai_entities":"Summit Ascent Holdings, Tigre de Cristal, Mantera Group, Primorsky Territory Development Corporation, NagaCorp","focusai_location":"Russia, Vladivostok, Seoul, Tokyo, Primorye Gambling Zone","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Primorye Zone Investment Outlook","query":"What is the projected long-term ROI for new integrated resort developments in the Primorye Gambling Zone, considering the current geopolitical climate and evolving international travel policies?"},{"label":"Operational Risk Mitigation","query":"How are operators like Summit Ascent Holdings diversifying their revenue streams and mitigating operational risks associated with fluctuating international tourism and stringent border controls?"}],"footnotes":""},"categories":[28,16331,158],"tags":[23701,22436],"class_list":["post-22687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-elsewhere-news","category-slider-home","tag-summit-ascent","tag-tigre-de-cristal"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22687","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=22687"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22687\/revisions"}],"predecessor-version":[{"id":22720,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/22687\/revisions\/22720"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22706"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=22687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=22687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=22687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}