Summit Ascent Holdings says Taiwanese investors in Russia's Tigre de Cristal casino have been approached about selling their shares to third party.
The construction on an IR in Russia continues and the company expects to have the first phase construction completely wrapped up by the end of next year.
Issues with VIP junket operators result in small revenue decline for Russia's Tigre de Cristal casino in 2018 as property refocused on premium mass play.
Diamond Fortune Holdings Prim LLC had receive a sizable investment from a Japanese firm to enhance the casino near Vladivostok.
Suncity has bought an equity position of Summit Ascent, setting up big potential growth in the Russian city of Vladivostok.
The Primorye special economic zone in Russia could soon have a new IR and Ramid could potentially become the third out of South Korea to develop an IR.
Summit Ascent, which operates Russia's Tigre de Cristal casino, moves its corporate HQ next door to an affiliate of leading junket operator Suncity Group.
Suncity Group Chief Investment Officer (CIO) Andrew Lo Kai Bong has taken a position on the board of Summit Ascent Holdings.
Russian casino operator Diamond Fortune Holdings says its in-development Selena casino project in Primorye will launch first phase by September 2020.
Casino operators in the newly-created Primorsky Krai gambling region in Russia don’t need to worry about rising taxes.