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Press Release

Summit Ascent’s Phenomenal Success in Asiamoney’s Asia Outstanding Companies Poll 2021
23 Sep 2021
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Suncity and Summit Ascent Won Multiple Awards
16 Sep 2021
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Summit Ascent Holdings Limited Reports Unaudited Interim Results For 1H 2021
24 Aug 2021
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Suncity voted as Number 1 in Gaming & Lodging Sector in the Institutional Investor 2021 All-Asia Executive Rankings
30 Jun 2021
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Summit Ascent Selected for Inclusion in the MSCI Hong Kong Micro Cap Index
12 May 2021
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Summit Ascent Reports 2H & 2020 Annual Results
23 Mar 2021
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Tigre de Cristal Staff Receives Russia’s COVID-19 Vaccine An Injection of Hope in the Resumption of International Travel
23 Feb 2021
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Summit Ascent Increases Tigre de Cristal Stake to 77.5%
30 Oct 2020
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Suncity Now Holds 69.66% of Summit Ascent After Rights Issue
14 Oct 2020
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Research Reports

Credit Suisse Summit Ascent Holdings Ltd. (0102.HK) Maintain Outperform, TP1.8, FY20 in line; Solid Local Demand with Full Potentials yet to be Unleashed
31 Mar 2021
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BofA Summit Ascent Holdings Ltd. (102.HK) Initiation at Buy, TP2.0
21 Jan 2021
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UBS Greater China Conference Day Suncity Group & Summit Ascent Takeaways
20 Jan 2021
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Goldman Sachs Gaming & Conglomerates Corporate Day Suncity Group & Summit Ascent Takeaways
12 Jan 2021
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Founder Securities Summit Ascent Holdings Ltd. (0102.HK) - Fast-track growth backed by Suncity Group
22 Dec 2020
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CITIC Securities Summit Ascent Holdings Ltd. (0102.HK) - A Lost Pearl in the Far East
01 Dec 2020
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Credit Suisse Summit Ascent Holdings Ltd. (0102.HK) - Further Stake Increase in its Casino Holding
17 Nov 2020
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Credit Suisse Summit Ascent Holdings Ltd. (0102.HK) - Small but Beautiful
17 Nov 2020
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Media Centre

Primorye Entertainment Zone Sees Enormous Growth Potential, Ongoing Development with Enhanced Attractions to Form a Cotai Alike Destination in North Asia
04 Aug 2021
According to Prima Media report (link), the development of Primorye Entertainment Zone located in the Bay of Muravyinaya is gaining progress. In the first stage, 12 entertainment locations will be built on an area of 263 hectares by mega companies with extensive experiences in implementing large projects, both in Russia and abroad.

Ever since Tigre de Cristal opened for business in 2015, it enjoys the first-mover advantage, with Phase II coming on board. Neighbouring integrated resort Shambala has already opened for business since October 2020. In the near future, a large South Korean company known as Family Golf will build a golf course that exceeds 7.5 km. The casino and water park invested by NagaCorp will soon be completed. With improving tourist attractions in the region, the destination will attract new visitors to enhance their experiences, and is set to become a new tourist hotspot comparable to the Cotai Strip in Macau.
Russia’s Economy has Recovered to the Pre-pandemic Level; Tigre de Cristal Benefits from Increased Entertainment Demand; Hotel Occupancy Exceeded 90% on Event Night
22 Jun 2021
Russian Sputnik News Agency reported: Russia’s Central Bank Governor Elvira Nabiullina said that Russia’s economy will return to its pre-crisis level in Q2 2021. It has surpassed that level in many industries and continues to grow. She also believed that the July forecast for Russia’s GDP growth this year may be revised up from the current 3-4%. With the gradual recovery of the economy, local entertainment demand in Russia has also increased. In May, two large-scale events were held at Tigre de Cristal - an alternative local rock band, Bi-2, held their concert on site; another biker’s party was held too. Both were well received by local guests. Visitation numbers of more than a thousand was observed on both days when the events were held. Hotel occupancy exceeded 90% on the night of the concert, and the CASCADE that specialises in world-class international cuisine, was fully booked.
Tigre de Cristal Continues to Launch Exciting Entertainment Event to Increase Local Russian Customer Stickiness
20 May 2021
The excitement at Tigre de Cristal never stops! The well-known Russian alternative rock band Bi-2 concert was held on the main stage of Tigre de Cristal on 29 May 2021.
Tigre de Cristal Fun Series - Tigre de Cristal Becomes the General Partner of Ippon Primorye Fighting Championship (IPFC) and Mr Stylianos Tsifetakis, COO of Russian Operations of Summit Ascent Invited as Guest of Honour at the Award Presentation Ceremony
05 May 2021
Have you ever imagined to watch live professional MMA events in Russia similar to those what you have watched in Macau? On 23 April, a pre-event press conference for the Ippon Primorye Fighting Championship (IPFC) was held at Tigre de Cristal. On 24 April, the Championship was held at The Vladivostok State Circus. Tigre de Cristal acted as the general partner and Mr Stylianos Tsifetakis, COO of Russian Operations of Summit Ascent was invited as the guest of honour at the award presentation ceremony.
First Flight Resumed from Vladivostok to Seoul on May 5
04 May 2021
According to media reports, flights from Vladivostok to Seoul, which will carry only citizens of South Korea, diplomats and their families, as well as foreigners permanently residing in this country will be resumed on May 5 and 19. Passengers with all types of visas will be accepted on flights to Seoul on May 12 and 26.

Media Coverage

Summit Ascent (00102-HK) Sees Strong Demand for Gaming and Hotel Services in the Local Russian Market: Long Term Stock Recommendation
22 Apr 2021
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2019 Asian Gaming Power 50: Number 6 – Alvin Chau
07 Nov 2019
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Ones to watch
05 Nov 2019
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Summit Ascent 1H revenue, profit up on improved gaming ops
27 Aug 2019
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Summit Ascent Report Serious Profit Spike during First Half of 2019
27 Aug 2019
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Summit Ascent completes HK$297 million fundraising exercise for Russian IR expansion
20 Aug 2019
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Summit Ascent appoints Alvin Chau as Chairman of the Board
3 Jun 2019
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Tigre de Cristal expansion to feature more VIP tables: exec
29 May 2019
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Summit Ascent undergoes boardroom makeover as Suncity asserts control
28 Apr 2019
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Suncity Group becomes majority shareholder in Summit Ascent after HK$718 million acquisition
24 Apr 2019
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Taking A Spin At Russian Roulette
20 Apr 2019
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Summit Ascent main shareholder, chairman mull stake sale
03 Apr 2019
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Macau | Summit Ascent appoints Suncity executive director as non-executive director
13 Dec 2018
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Law setup key to Primorsky casinos: Tigre de Cristal COO
22 Oct 2018
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Melco Quits Russia for Japan
05 Jun 2018
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Taiwanese Shipping Firm Buys Up Shares of Tigre de Cristal Casino in Russia
20 Dec 2017
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Lawrence Ho sells entire Summit Ascent stake
18 Dec 2017
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In Russia’s Far East, a Fledgling Las Vegas for Asia’s Gamblers
01 Jul 2017
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Welcome to the Russian Far East: visa rules eased for 18 countries
20 Apr 2017
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Putin's Making a Big Bet on Building Vegas in Vladivostok
01 Sep 2016
Vladimir Putin is taking a gamble as he aims to turn Russia’s easternmost nuclear garrison into a freewheeling center of commerce and casinos to lure investors and bettors from Asia.
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Vladivostok: from naval base to tourist and cultural mecca
08 Aug 2016
Vladivostok, known to Chinese as Haishenwai (海參崴), is seeking to transform itself from a naval base into a tourist hub offering gaming, shopping and cultural experience to Russian Far East and Asian regions.
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Lawrence Ho's New Tigre Casino On The Prowl In Russia
27 Mar 2016
First results from Russia’s Tigre de Cristal casino, majority owned by Lawrence Ho-controlled Summit Ascent, showcase the potential of the Vladivostok area as an Asia-facing gaming destination with a local base.
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Vladivostok new super casinos rejuvenate the city
18 Dec 2015
As Russia’s relations with the west continue to fray, the eastern port city of Vladivostok is at the centre of a shift in geopolitical strategy. Putin is looking towards Asia’s elite and their tourism money – but will residents see a rouble?
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Far East Russia's Big Gamble
09 Nov 2015

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Tigre de Cristal готовится к работе: участникам ВЭФ показали первое казино в игорной зоне «Приморье» (ФОТО)
06 Sep 2015
В субботу, 5 сентября, в рамках проведения Восточного экономического форума для его участников была проведена экскурсия в казино Tigre de Cristal, открытие которого запланировано на 8 октября.
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На Дальнем Востоке откроется первое легальное казино
06 Sep 2015
Казино, гостиницы и развлекательные комплексы — иностранные инвесторы планируют превратить Владивосток в российский Лас-Вегас при абсолютной поддержке российских властей.
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Place your betskis! Putin gambles on a £3billion complex of 16 super-casinos in SIBERIA with yacht club and ski slopes to woo punters from the Far East
28 Jul 2015
Vladimir Putin is hoping to coax gamblers away from Las Vegas with a new casino mecca - complete with ski slopes, shopping centres, hotels and a marina.
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Hundreds of new staff trained for next month's landmark casino opening in Vladivostok
20 Jul 2015
The first casino resort in the the Primorye Entertainment Zone is due to open next month by Macau magnate Lawrence Ho' gambling investment firm Summit Ascent Holdings.
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Lawrence Ho’s Russian casino beckoning more than Chinese
20 Jul 2015
Gaming boss Lawrence Ho’s new casino-resort project in the Russian Far East is due to open by the end of next month.
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凱升俄國新場不單靠中國客
20 Jul 2015
「小賭王」何猷龍在俄羅斯海參崴投資1.72億美元(約13.42億港元)的水晶虎宮殿(TIGRE DE CRISTAL)賭場度假村,將於下月底開幕。
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Special economic zones in Russia - which and where.
Today special economic zones (SEZ) are one of the most effective instruments of attracting investment to Russia.
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Special Economic Zones in Russia
JSC Special Economic Zones
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Brics Countries Create Mechanism To Finance Infrastructure Projects
08 Jul 2015
The BRICS countries have supported an initiative by the Russian Direct Investment Fund (RDIF) to set up a joint mechanism for equity investments in infrastructure projects in BRICS countries.
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Vladivostok free port bill passed by State Duma
07 Jul 2015
The Russian State Duma (lower house of parliament) passed a bill on making Vladivostok a free port.
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Russia’s Far East to Get Special Economic Zone by Mid-June
15 Jun 2015
Russian President Vladimir Putin instructed the government to create a special economic zone (SEZ) in Vladivostok
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Vladivostok to Introduce Visa-Free Regime for Foreigners
04 Jun 2015
Russia is planning to introduce a simplified visa regime in the eastern port of Vladivostok, which will allow foreigners arriving there to stay for eight days without preparing a visa in advance.
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Rolling the dice on Vladivostok
28 May 2015
VLADIVOSTOK, Russia (MarketWatch) — Such is the Asian love of gambling, casino operators in the region have simply had to build more baccarat tables and customers will fill them.
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Lawrence Ho Targets August Opening For Vladivostok Casino
22 May 2015
VLADIVOSTOK, Russia (MarketWatch) — Such is the Asian love of gambling, casino operators in the region have simply had to build more baccarat tables and customers will fill them.
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Russians Building New Global Gambling Capital
28 Feb 2015
The Russians are cutting on taxes, boosting junket commissions and injecting almost €2 billion in order to attract VIP gamblers to their own Macau, a gambling hot-spot in the Primorsky region.
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Аэропорт Владивостока предлагает ввести "открытое небо" для всех стран
27 Feb 2015
В настоящее время режим открытого неба уже действует в аэропорту Владивостока по нескольким иностранным направлениям АТР. Полностью ограничения сняты в отношении Южной Кореи и Сингапура.
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Changi Airports International consortium wins tender to acquire shares in Vladivostok airport
26 Feb 2015
The consortium, comprising the Russian Direct Investment Fund (RDIF), Changi Airports International (CAI) and Basic Element, is the winner of the tender to acquire shares in Vladivostok International Airport. Each of its members will hold an equal share.
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Vladivostok creates a special economic zone
18 Sept 2014
September 17, the head of Primorsky Krai Vladimir Miklushevsky signed an agreement with the Ministry of Economic Development of the Russian Federation on the establishment of a special economic zone of industrial type at the "Sollers" plant.
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凱升變身俄賭股值博/ 股戰士
15 Jul 2014
最具投資價值上市公司評選,選出凱升控股(00102)為51家最具投資價值上市公司,果然眼光獨到...
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對手2018才開業 享三年獨市優勢
15 Jul 2014
由於金界(3918)在俄羅斯海參崴濱海綜合娛樂區的賭場項目,最快亦要於2018年始能落成,凱升(102)能夠在未來三年大做獨市生意...
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Russian Lawmakers Approve Creation of Gambling Zones in Crimea, Sochi
09 Jul 2014
MOSCOW, July 9 (RIA Novosti) – Russia’s Federal Council Wednesday passed a bill allowing the creation of gambling zones in Crimea and Sochi...
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China and Russia ink $400 billion gas deal
21 May 2014
China and Russia signed off on a huge gas deal worth as much as $400 billion over 30 years. The deal has been in talks for about a decade, but experts see the timing of the final agreement as a move by Russia to avoid sanctions from the West. VPC...
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何猷龍增持俄賭場股份
24 Apr 2014
由何猷龍任主席及控股股東的凱升昨宣佈其全資附屬公司SARL向Elegant City收購東雋14%權益,代價為2,024.4萬(美元,下同)。東雋為一間投資控股公司,持有FGCE的100%權益...
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First Casino Being Built in Far East Gambling Zone
14 Nov 2012
VLADIVOSTOK, November 14 (RIA Novosti) - The construction of a first casino and a hotel has begun in the Far Eastern gambling zone, the administration of the Primorye Region said on Wednesday...
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Russian Roulette
26 Aug 2012
Vladivostok, Russia, a city much closer to Beijing than Macau and bordering northern China; a city in which President Vladimir Putin has spent over $18 billion over the past four years improving and ...
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From Russia with love No gaming taxes if you build here
15 Jul 2012
Aims to set up 6 sq km gambling zone in Vladivostok
State-owned company to seek tenders from June...
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Russia eyes slice of Asian gaming market
13 Jul 2012
NASH Dom Primorye, a wholly owned corporation of the Primorsky Territory government of Russia, has issued a Request for Concepts process...
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Russia eyes Vladivostok casino zone to woo Asian money
23 May 2012
A Russian territory that announced plans in May to place a multibillion-dollar gaming complex near one of its port cities, has sweetened the deal to entice casino companies to bid on the development: zero gaming taxes...
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