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Russia – Summit Ascent increases shareholding in Tigre de Cristal

An off-shore Russian subsidiary of Hong Kong-listed Summit Ascent Holdings has increased its shareholding in Oriental Regent Limited (ORL), the operating force behind Tigre de Cristal in Primorye near Vladivostok, by 10 per cent to 77.5 per cent in a move that will help fund the Phase II expansion of the casino. It could still…

Russia – VIP play could double for Tigre de Cristal

Analysts believe that VIP revenue generated at Tigre de Cristal in the Russian Far East resort of Primorye could double over the next two years. Union Gaming Analyst Grant Govertsen said: “Underpinned by a sequentially improving VIP story, as well as continued strong growth in mass and slots (itself driven by enforcement against illegal venues…