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Tag Archives: SunCity Holdings

Russia- Local demand in Russia sees Tigre de Cristal recover quickly

With revenues generated in the Philippines and Vietnam restricted by international travel restrictions, it was left to Tigre de Cristal in Russiato prop up the results of SunCity Holdings. The Russian casino generated a positive Adjusted EBITDA of HK$17.2m in the 1H 2021, versus a negative Adjusted EBITDA of HK$22.1m in the 1H 2020. Net…

Russia – Suncity increases ownership in Summit Ascent to 69.66 per cent

Suncity Group Holdings has said it now has ‘every reason to drive businesses in Summit Ascent’ after increasing its stake in the owner of Tigre de Cristal in Russia from approximately 24.74 per cent to approximately 69.66 per cent via a rights issue. Since the grand opening of Tigre de Cristal in November 2015, Tigre…

Vietnam – Hoiana to open for preview on June 28

Suncity Group has confirmed that Hoiana, the integrated resort project of which Suncity holds 34 per cent of indirect equity interest in, is going to be opened for preview on June 28 2020. The Hoiana story began in 2016 when its ground breaking ceremony marked the commencement of the most ambitious tourism development in Central…