Tigre De Cristal to undergo three to six month ramp-up period

Summit Ascent Holdings said in a filing that its majority-owned integrated resort development in the Russian Far East is expected to undergo a three to six month ramp-up period before full operating capacity is reached.

The Phase I project, Tigre De Cristal, in the integrated entertainment zone of the Primorsky Krai in the Russian Far East is now expected to commence operations on October 8 2015. 

“The estimated ramp-up period to full operating capacity is expected to be approximately three to six months. When fully ramped-up, the TIGRE DE CRISTAL integrated resort and the operating company G1 Entertainment is expected to have approximately 1,250 staff.”

The company added that all key management positions at the operating company have already been filled and the majority of initially required gaming, food and beverage, and other staff members are also on board.