Summit Ascent Holdings
LeaveRussia detail: Pausing Investments
Summit Ascent is a subsidiary of LET Group Holdings Limited (“LET Group”, HKEx stock code: 1383), which owns 69.66% of Summit Ascent. Summit Ascent holds 77.5% in Tigre de Cristal, currently one of the largest integrated resorts located in the Primorye Integrated Entertainment Zone of the Russian Far East.
Business in Russia
Summit Ascent Holdings and its parent company LET Group reported a 64.7% increase in revenue to HK$312.9 million (US$40.1 million) in the first six months of 2025, aided by the improved performance of their Russian integrated resort Tigre de Cristal and contributions from its newly launched trading business.
Decision trail
Decision date 12/01/2024 · Reference ↗
Oriental Regent Ltd, a subsidiary of Hong Kong-listed Summit Ascent Holdings Ltd, is set to sell its gaming and hotel operations in Russia. The wholly-owned subsidiary, G1 Entertainment LLC, is being sold to Russian entity Dalnevostochniy Aktiv LLC for a price consideration of $116 million. Summit Ascent expects to record a profit of US$5 million in FY24 on improved performance at its Russian casinos. The performance improvement was driven by a 12% increase in gaming and hotel revenue to HK$414.5 million (US$51.8 million) at its Russian integrated resort, Tigre de Cristal.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — suspended · Imported from KSE LeaveRussia
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