Tag Archives: summit ascent holdings
- Tigre de Cristal VIP gambling surges after junket deals
September 1, 2016
VIP gambling activity has skyrocketed at Russia’s Tigre de Cristal casino following new deals with junket operators. This week, Summit Ascent Holdings filed papers with the Hong Kong Stock Exchange laying out the performance of Tigre de Cristal, the only casino currently operating in the Primorye gaming zone on Russia’s...
- Lawrence Ho’s casino in Russia’s Primorye region to open no later than Aug. 28
May 19, 2015
Lawrence Ho’s oft-delayed casino in Russia’s Primorye region has been given a new August opening date. In a filing with the Hong Kong Stock Exchange on Monday, the Ho-controlled Summit Ascent Holdings Ltd. said its First Gambling Company of the East (FGCE) subsidiary would complete physical construction of the Russian...
- Lawrence Ho-led firm raises stake in Russia casino project; Crimea not a rosy gambling town; Russia gov’t criminalizes illegal gambling
December 16, 2014
The Lawrence Ho-backed Summit Ascent Holdings Ltd and Taiwan-listed electronic gambling machine maker Firich Enterprises have confirmed previously announced plans to increase their stake in a casino project in Russia. The Summit-Firich consortium will raise its ownership stake on the project to 85 percent after coming to an agreement with...
- Lawrence Ho’s Russia casino project opening delayed, investors shuffled
September 20, 2014
Russian officials say they will have finished mapping out a strategy for their new Crimean gambling zone by the end of the year. In July, Russian president/tsar/Bond-villain Vladimir Putin officially signed the law allowing the recently annexed Crimea territory to become Russia’s fifth designated gambling zone. On Saturday, Russian news...
- Lawrence Ho boosts stake in Russian casino project
April 23, 2014
Macau casino figure Lawrence Ho (pictured) looks set to boost his interest in his casino joint venture in Russia’s far east. Ho, who controls two-thirds of casino operator Melco Crown Entertainment, is part of a three-way consortium looking to build a casino in Russia’s Primorye territory near Vladivostok. Ho’s stake...
- Local partner in Lawrence Ho’s Russian casino project detained by police
November 14, 2013
Melco Crown Entertainment CEO Lawrence Ho’s Russian casino project took an unexpected turn late last week after Russian police detained Ho’s local partner. Oleg Drozdov, who owns a 30% stake in Ho’s casino project in the Primorye region near Vladivostok, was detained for questioning by Russian authorities investigating alleged business...
Russian betting industry icon Oleg Zhuravsky dies suddenly
March 17, 2017
Russia blocks Google over online gambling redirect
June 23, 2017
Marathon launch Russian-licensed sports betting site
July 21, 2017
Bitcoin touches $1,300 mark on Poloniex, Bitfinex
April 21, 2017