Friday, February 3, 2023

Tag: summit ascent

Summit Ascent hits back against new legislation

tigre summit ascent
Tigre de Cristal’s operator, Summit Ascent, has reportedly expressed reservations about its future in the Primorye region given Russia’s increasingly heavy-handed approach to taxation.   In late November, Russian President Vladimir Putin signed legislation that doubled taxes on Russian gaming operators, with further tax hikes on the cards until 2020, by which time rates will have risen tenfold. On 4 December, Russian...

Lowdown on the Hoedown: Casino scion reduces stake in Summit Ascent

ICR 180 WORLD HOTIGRE ho stake
Lawrence Ho has trimmed his stake in the company that runs the Tigre de Cristal casino resort in Russia's Primorye gaming zone.   In a September regulatory filing, Ho informed the Hong Kong Stock Exchange that he is unloading 8.31 percent of his shares in Summit Ascent Holdings, reducing his direct holding in the company from 27.06 percent to 18.75 percent. Ho...