Asian casino operator Summit Ascent Holdings Limited has announced that the planned $200 million expansion of its Tigre De Cristal development is being postponed to ‘no earlier than 2025’ due to a raft of ‘economic uncertainties’.
According to a report from GGRAsia, the Hong Kong-listed firm declared that these insecurities regarding the 121-room property in the Primorye Integrated Entertainment Resort zone include ‘the continual negative impact of the coronavirus pandemic, particularly restrictions on international travel’ as well as the ‘aggressively escalating economic sanctions’ against Russia.
Summit Ascent Holdings Limited reportedly moreover asserted that its Tigre De Cristal venue is continuing to operate despite the ever-tightening sanctions.
Source: https://news.worldcasinodirectory.com/summit-ascent-holdings-limited-delays-planned-tigre-de-cristal-expansion-100549

The government of Primorsky Krai has passed legislation to extend a range of tax relief measure for local casino operators by a further six months. It has now prolonged this mitigation as the region struggles to attract investment and visitors.

Source: https://news.worldcasinodirectory.com/primorsky-krai-extends-casino-tax-relief-measures-as-sanctions-begin-to-bite-101281