Summit Ascent Holdings, operator of the Tigre De Cristal casino in Vladivostok, Russia, says it expects to see a cluster effect from nearby casinos as early as 2021 or 2022.
There are currently three integrated resorts under construction in the region, including NagaCorp’s Naga Vladivostok (2020), Fortune Diamond’s Imperial Casino (late 2020) and the Shambala Casino (early 2020).
“Three other operators continue moving forward with their development plans and are at various stages of the construction process. Based on their current progress we may see a cluster effect as early as 2021 or 2022,” said the company in an interim report.
Summit Ascent said it was optimistic about its prospects for the foreseeable future, thanks to expansion and refinement of its customer offerings aimed at attracting and retaining higher-end VIP customers, as well as the addition of a number of non-gaming amenities which will be built in 20Q1.
Source: Asia Gaming Brief