ABOUT TIGRE DE CRISTAL
Suncity Group Holdings Limited (“Suncity, HKEx:1383”) holds approximately 69.66% of Summit Ascent Holdings Limited (“Summit Ascent”, HKEx: 102), the operator of one of the largest integrated resorts Tigre de Cristal in Vladivostok, Russia. Through Summit Ascent, Suncity participates in the development of Tigre de Cristal. Since November 2020, Summit Ascent increased share ownership of Tigre de Cristal to approximately 77.5%.
Tigre de Cristal is the largest integrated resort in the Primorye Integrated Entertainment Zone in the Russian Far East. Located in the heart of Northeast Asia, it is only 20-minute drive from Vladivostok International Airport to Tigre de Cristal. Vladivostok is only 2 hours away from key North Asian cities such as Seoul and Tokyo.
Phase I of Tigre de Cristal started operations in 2015, offering a wide selection of distinctive restaurants and entertainment. The hotel features 121 rooms and suites, providing luxury accommodation for guests. There are over 300 slot machines and over 65 slot machines in the two-storey gaming area, as well as a broad range of electronic table games, allowing guests from all over the world to indulge in genuine excitement and unforgettable experiences.
Phase II of Tigre de Cristal will triple the number of the existing hotel rooms and double the number of its existing gaming facilities. Phase II will also include the finest restaurants serving authentic Asian delicacies ranging from Korean barbecue to international flavours serving freshly caught seafood from local waters; as well as a state-of-the-art indoor beach club. The beach club will be an attraction in itself, where a tropical indoor beach and snowy outdoors could co-exist in winter, separated by a glass panel. It will become a sense of place where electrifying beach events can happen all year round in Primorye, pushing the boundaries of imagination of what one could be doing during icy-cold winters. Phase II of Tigre de Cristal will be ready in 2023.
Summit Ascent possesses the development rights on two adjacent parcels of land, namely Lot 9 and Lot 10, in the Integrated Entertainment Zone in Primorye region. Tigre de Cristal Phase I is built on Lot 9. Phase II will be built on the land of Lot 10, with an area of over 150,000 m2. There are still land parcels for Phase III & IV for development in the future.