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24 March, 2021 | Land-BasedCasinoFinancial

Summit Ascent reports $27.2m in revenue for 2020

Summit Ascent Holdings reported HK$211.2m ($27.2m) in revenue for the 12-month period for the year ended 31 December 2020, a 60% drop from HK$532.8m recorded in 2019. Profit attributable to owners of the company declined 88% year-on-year to HK$10m. Tigre de Cristal (pictured), the group’s casino resort in Russia, reported net revenue of HK$202.9m for FY2020. The casino reported a negative adjusted EBITDA of HK$14.7m, compared to a positive...
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