Tigre de Cristal eyes non-gaming to lure local crowds

Tigre de Cristal, Russia’s biggest casino, is focusing on its non-gaming attractions to boost revenue following lower-than-expected demand from locals for its casino offering. While the resort is primarily targeting visitors from Northern China for growth, at present the tourism infrastructure is lacking, forcing a greater focus on the domestic market, experts say. The property is owned by G1 Entertainment, a unit of Oriental Regent in which Summit Ascent has a 60 percent stake. It held its gala opening in the Primorye Integrated Entertainment Zone near Vladivostok last November. Among Russia’s gaming zones, the Primorye area is seen as having the most potential given its proximity to the northern Chinese and Korean markets. In results released this week, the company said its VIP rolling volume has been steadily rising from HK$258.0 million in November 2015 to HK$2.2 billion in August ($283.5 million). Oriental Regent generated an adjusted EBITDA of HK$35.2 million for the...

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