{"id":221,"date":"2024-06-27T02:21:25","date_gmt":"2024-06-26T23:21:25","guid":{"rendered":"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/"},"modified":"2024-06-27T02:21:25","modified_gmt":"2024-06-26T23:21:25","slug":"summit-ascents-earnings-climb-despite-high-roller-shutdown","status":"publish","type":"post","link":"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/","title":{"rendered":"Summit Ascent&#8217;s Earnings Climb Despite High-Roller Shutdown"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/LmGera2y2MI\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Summit Ascent&#8217;s earnings climbed in the initial six months of 2021, despite the fact that their high-roller operations, which generated $50 million in the first half of 2020, were shut down. The operator&#8217;s overall gaming revenue increased by 9.4% to HK$139.1 million (\u00a313 million\/\u20ac15.2 million\/$17.9 million) in the initial six months of the year.<\/p>\n<p>The company&#8217;s primary property, Tiger Palace Resort, is situated in Russia. Electronic gaming machines were the biggest source of income for Summit Ascent, with revenue rising by 71.5% to $70.6 million. Bets on these machines increased by 93.0% to \u20ac1.56 billion.<\/p>\n<p>Mass gaming tables saw revenue rise by 91.9% to $68.5 million as wagers increased by 68.1% to $237 million.<\/p>\n<p>After subtracting prizes, the operator&#8217;s net gaming revenue was $122.7 million. Including non-gaming revenue, Summit Ascent&#8217;s total revenue was $129.5 million.<\/p>\n<p>The company did not disclose their expenses. However, they stated their overall loss was $130,000. This was a significant decrease from the $47 million loss reported in the first half of 2020.<\/p>\n<p>Summit Ascent Chairman Alvin Chau stated that their new majority shareholder, Suncity Group, which acquired a 70% stake last year, helped them maintain stability during a challenging period.<\/p>\n<p>&#8220;Suncity has brought more flexibility, becoming a key aspect of our company&#8217;s strategy. We have numerous ideas about how to expand; <\/p>\n<p>Nevertheless, preserving the current state is a vital prerequisite for envisioning the future,&#8221; he stated. &#8220;No one can precisely forecast the duration of the coronavirus&#8217;s influence on the globe. But I am confident that even if the pandemic persists, Summit Ascent is adequately equipped to handle the obstacles. Gratitude to the Russian administration, our stakeholders, workforce, and vendors for their backing of our enterprise during these financially challenging periods.&#8221;<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summit Ascent&#8217;s earnings climbed in the initial six months of 2021, despite the fact that&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Summit Ascent<\/title>\n<meta name=\"description\" content=\"Summit Ascent\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Summit Ascent&#039;s Earnings Climb Despite High-Roller Shutdown\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Summit Ascent\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Unleash Your Inner Casino Champion | Licensed Games &amp; Strategies\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-26T23:21:25+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/\",\"url\":\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/\",\"name\":\"Summit Ascent\",\"isPartOf\":{\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-26T23:21:25+00:00\",\"dateModified\":\"2024-06-26T23:21:25+00:00\",\"author\":{\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Summit Ascent\",\"breadcrumb\":{\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/winportcasinonodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Summit Ascent&#8217;s Earnings Climb Despite High-Roller Shutdown\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/#website\",\"url\":\"https:\/\/winportcasinonodepositbonus.icu\/\",\"name\":\"Unleash Your Inner Casino Champion | Licensed Games &amp; Strategies\",\"description\":\"Discover the secrets of casino success through our fresh news, in-depth game reviews, and informative insights. Stay ahead of the curve and maximize your gambling experience.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/winportcasinonodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/winportcasinonodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"contentUrl\":\"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png\",\"caption\":\"admin\"},\"description\":\"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.\",\"sameAs\":[\"http:\/\/theworldcasino.vip\"],\"url\":\"https:\/\/winportcasinonodepositbonus.icu\/author\/ezvhu8xt\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Summit Ascent","description":"Summit Ascent","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/","og_locale":"en_GB","og_type":"article","og_title":"Summit Ascent's Earnings Climb Despite High-Roller Shutdown","og_description":"Summit Ascent","og_url":"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/","og_site_name":"Unleash Your Inner Casino Champion | Licensed Games &amp; Strategies","article_published_time":"2024-06-26T23:21:25+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/","url":"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/","name":"Summit Ascent","isPartOf":{"@id":"https:\/\/winportcasinonodepositbonus.icu\/#website"},"datePublished":"2024-06-26T23:21:25+00:00","dateModified":"2024-06-26T23:21:25+00:00","author":{"@id":"https:\/\/winportcasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0"},"description":"Summit Ascent","breadcrumb":{"@id":"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/winportcasinonodepositbonus.icu\/2024\/06\/27\/summit-ascents-earnings-climb-despite-high-roller-shutdown\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/winportcasinonodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"Summit Ascent&#8217;s Earnings Climb Despite High-Roller Shutdown"}]},{"@type":"WebSite","@id":"https:\/\/winportcasinonodepositbonus.icu\/#website","url":"https:\/\/winportcasinonodepositbonus.icu\/","name":"Unleash Your Inner Casino Champion | Licensed Games &amp; Strategies","description":"Discover the secrets of casino success through our fresh news, in-depth game reviews, and informative insights. Stay ahead of the curve and maximize your gambling experience.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/winportcasinonodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/winportcasinonodepositbonus.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/winportcasinonodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","contentUrl":"https:\/\/freecashbonusnodepositcasino.icu\/wp-content\/uploads\/sites\/8\/2024\/06\/sticker-fox-96x96.png","caption":"admin"},"description":"This talented writer and mathematician holds a Ph.D. in Applied Mathematics and a Masters in Probability Theory. With a deep understanding of the intricacies of casino games, they have published numerous articles on game theory, probability, and combinatorics in relation to gambling. Their expertise in discrete mathematics and stochastic processes has made them a sought-after consultant for licensed casinos worldwide. Their articles, reviews, and news pieces provide valuable insights into the world of casino gaming.","sameAs":["http:\/\/theworldcasino.vip"],"url":"https:\/\/winportcasinonodepositbonus.icu\/author\/ezvhu8xt\/"}]}},"_links":{"self":[{"href":"https:\/\/winportcasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts\/221"}],"collection":[{"href":"https:\/\/winportcasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/winportcasinonodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/winportcasinonodepositbonus.icu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/winportcasinonodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=221"}],"version-history":[{"count":0,"href":"https:\/\/winportcasinonodepositbonus.icu\/wp-json\/wp\/v2\/posts\/221\/revisions"}],"wp:attachment":[{"href":"https:\/\/winportcasinonodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/winportcasinonodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/winportcasinonodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}