Russian Casino Tigre de Cristal Completes Renovation

Russian Casino Tigre de Cristal has announced the completion of its renovation, which includes the addition of a new luxury VIP room. The news comes just days after Summit Ascent Holdings, the majority owner of the casino, reported a 15% increase in gross gaming revenue for 2019.

“We are excited to apply our extensive experience in the rolling chip business to move up the value chain at Tigre de Cristal and have been rapidly making alterations and improvements to attract and retain our discerning clientele. We are also excited to announce that the construction of our luxurious new Suncity VIP room at Tigre de Cristal is nearing completion and will welcome VIP guests soon,” Alvin Chau, chairman of Suncity Group Holdings, said.

“Later this year, we expect to add approximately 30 hotel rooms through an extension to the existing property, thereby mitigating our shortage of rooms on peak weekend times and expanding our lodging capacity by approximately 25%. In addition, a new private club, a new hot pot section in the Pan-Asian restaurant and a stand-alone noodle bar are being added to the property’s amenities. We are also proud that the Company managed to post its second consecutive year of profit growth, and our majority-owned operating property maintained positive EBITDA expansion during this period of transition,” Alvin Chau added.