Summit Ascent reports 27 2m in revenue for 2020

Summit Ascent Holdings reported HK$211

Summit Ascent Holdings reported HK$211.2m ($27.2m) in revenue for the 12-month point for the yr ended 31 December 2020, a 60% discharge from HK$532.8m recorded inwards 2019. Profit attributable to owners of the accompany declined 88% year-on-year to HK$10m.

Tigre de Cristal (pictured), the group’s cassino resort in Russia, reported clear revenue of HK$202.9m for FY2020. The cassino reported a disconfirming familiarized EBITDA of HK$14.7m, compared to a electropositive familiarised EBITDA of HK$214.8m inwards 2019. The come GGR was HK$249.7m, a 69% year-on-year drop from HK$814.7m. GGR from mass tables was HK$92.7m, against HK$185.1m the previous year, and electronic gaming business sector earned HK$104.9m, compared to HK$188.3m inwards 2019.

“I am happy to write up a silvern lining,” said Summit Ascent chairman Chau Cheok Wa inwards a statement. “Since the reopening in mid-July, non only if did Tigre de Cristal care to gaolbreak still on a month-on-month basis, it also delivered a electropositive Adjusted EBITDA in the endorsement half of 2020.”

The correct inwards figures was primarily due to the temporary temporary removal of the gaming operations of Tigre de Cristal throughout 2020 and the lack of incoming visitors due to adjoin restrictions and other pandemic refuge measures.

In the released statement, the radical also said the Tigre de Cristal Phase i upgrade is ready, including a unexampled Suncity VIP room. The chemical group is ready to lead off Phase II preparation and design.