Macau (MNA) – Gaming group Summit Ascent Holdings Limited has announced that it has appointed the chairman of junket operator Suncity Group, Alvin Chau Cheok Wa, as its Non-executive Director and Chairman of the Board.
Suncity currently holds a 27.97 per cent share in Summit Ascent, having previously appointed director Andrew Lo Kai Bong as a non-executive director on the board of the Russia based group, for a period extending until December 11, 2021, and automatically renewed for three years consecutively.
In a release signed by Andrew Lo, it was indicated that Mr. Chau’s appointment took effect on June 1, 2019 and will expire on May 31, 2022, after which it will be automatically renewed for another consecutive three years.
Philip Wong Pak Ling, the current Chief Financial Officer of Suncity Group was appointed as Non-executive Director in Summit Ascent, also for a three year term with effect on June 1.
Summit Ascent operates the casino resort Tigre de Cristal in the Integrated Entertainment Zone of the Primorye Region near Vladivostok, Russia.
Suncity had previously indicated that it will be participating in the second phase of developing the Tigre de Cristal casino, which was formerly headed by Melco CEO Lawrence Ho Yau Lung.