• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Monday 23 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
  • 日本語
No Result
View All Result
IAG
No Result
View All Result

Summit Ascent Deputy Chairman John Wang steps down

Newsdesk by Newsdesk
Fri 12 Apr 2019 at 06:27
Summit Ascent Deputy Chairman John Wang steps down
101
SHARES
2.3k
VIEWS
Print Friendly, PDF & Email

The Deputy Chairman of Summit Ascent Holdings Ltd, John Wang, has resigned from the board, the company announced on Thursday.

Wang, who first joined Summit Ascent in March 2011 and took on the Deputy Chairman’s role in 2013, has cited “other business engagements” for his departure, which is effective immediately. He has immediately ceased to act as an authorized representative of the company with that duty taken up instead by Suncity Group executive director Andrew Lo.

Lo joined the Summit Ascent board in December 2018 after Suncity Group purchased a 3.29% stake in the company.

The departure of Wang, who previously served as Chief Financial Officer for Melco International Development Ltd and as a non-executive director of Melco Crown Entertainment Ltd, also follows Melco Resorts Chairman and CEO Lawrence Ho’s speedy exit in January 2018 following the sale of his entire 17.37% stake.

Summit Ascent, which owns Russian integrated resort Tigre de Cristal in the Primorye gaming zone near Vladivostok, announced earlier this month that its largest single shareholder, Taiwan’s First Steamship, was also considering an offer to sell its 19.21% stake.

RelatedPosts

Suncity Group claims majority 69.66% stake in Summit Ascent Holdings

Summit Ascent expecting to record US$5 million profit for FY24 on improved Russia casino performance

Tue 1 Apr 2025 at 06:23
Summit Ascent Deputy Chairman John Wang steps down

Summit Ascent follows parent company’s lead by repopulating Board of Directors

Thu 13 Mar 2025 at 04:40
Analysts puzzled as combined market cap of Macau concessionaires falls back to 2022 COVID levels

LET Group appoints four new directors including two returning for a third time

Tue 11 Mar 2025 at 03:14
Summit Ascent reveals strong 2H20 recovery at Tigre de Cristal, says Phase 1 upgrade now complete

LET Group, Summit Ascent keen to divest assets as future focus turns to Manila casino project

Fri 10 Jan 2025 at 06:27
Load More
Tags: Andrew LoDeputy ChairmanJohn WangPrimorye Integrated Entertainment ZoneRussiaSummit AscentTigre de CristalVladivostok
Share46Share6
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

Thailand casino regulator to be based in Bangkok as governance structure outlined

Latest survey shows majority of Thais still against casino resorts despite fewer voicing opposition

by Newsdesk
Mon 23 Jun 2025 at 05:33

A majority of Thais still oppose the development of entertainment complexes (ECs) with casinos, according to a new poll by the National Institute of Development Administration (NIDA). However , the number of respondents to voice outright opposition to both has...

South Shore shareholders convene SGM to vote on winding up of the company

Troubled Macau hotel THE 13 said to have sold for US$51 million

by Pierce Chan
Sun 22 Jun 2025 at 19:12

Long-troubled Macau hotel THE 13 has been purchased for HK$400 million (US$51 million), according to Hong Kong media reports. THE 13, originally envisioned as an uber-luxury hotel and casino before its construction was plagued by financial woes, was first put...

Businesses in Macau’s NAPE area hold joint press conference calling on government to reconsider satellite casino closures

Businesses in Macau’s NAPE area hold joint press conference calling on government to reconsider satellite casino closures

by Pierce Chan
Sun 22 Jun 2025 at 18:56

A number of businesses located in Macau's Zona Nova de Aterros do Porto Exterior (NAPE) held a joint press conference late Sunday calling on the government and related gaming concessionaires to suspend their decision to close the city’s satellite casinos....

Macau welcomes record 993,117 visitors during seven-day Golden Week holiday

Macau visitor arrivals up 25.3% year-on-year to 3,372,081 in May

by Pierce Chan
Sun 22 Jun 2025 at 18:04

Benefiting from the May Day Golden Week holiday, Macau recorded 3,372,081 visitors in May, representing a year-on-year increase of 25.3%. According to data from the Statistics and Census Service, the number of visitors from mainland China increased by 31.4% year-on-year...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE
  • 日本語

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • 日本語
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English
  • 日本語