Tigre de Cristal casino resort expansion stake placement

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Tigre de Cristal casino resort expansion stake placement by bscnews casinosite
Summit Ascension Holdings said it was issuing shares to raise HK$297 million (about $38 million) to expand its Tigred Crystal Casino Resort (pictured) in Russia's Far East.

The company said on Thursday it had conditionally agreed to allocate up to 300 million shares to at least six independent third parties at a price of HK$1.01 per share to the Hong Kong Stock Exchange.

The company said in writing to the stock market that the disposal of all shares would yield a net profit of about HK$297 million.

"The company intends to use the proceeds to further develop its hotel and gaming business in the [Premorye] Unified Entertainment Zone in the Russian Federation," Summit Ascent said.

Tigre de Crystal is currently the only casino resort operating in the coastal integrated entertainment zone near the Russian Far East city of Vladivostok. Other resorts are under construction or are planning.

Tigre de Cristal is trying to attract athletes from neighboring China and elsewhere in North and East Asia.

In May, Summit Ascension Executive Director Eric Landheer told GGR Asia that the amount to be invested in the second phase of Tigre de Cristal would be between US$400 million and US$500 million.

Mr Landheer said the first phase of phase two would cost around $200 million and would be completed by the end of 2021. 카지노사이트

The first phase of the second phase will replace the old game zone with a new game zone containing 50 game tables for VIP market players, 25 game tables for mass market players and 300 slot machines.

In addition, the resort will provide 350 additional hotel rooms, indoor beach clubs, restaurants, shops, and venues for meetings, exhibitions, or other activities.

Mr. Landheer also noted that the second phase of the second phase would cost between $200 million and $300 million, but did not give a date for completion.

The second stage of the second stage will provide a hotel with only 150 suites for wealthy customers in the resort.
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Business Development Manager at Lake Austin Spa Resort