Just a little more than a month after Suncity Group increased its stake in Tigre de Cristal promoter Summit Ascent Holdings to just under 29%, its chairman has been appointed the chairman of the latter casino resort in the Russian Far East. According to a statement filed with the Hong Kong Stock Exchange last Friday, Alvin Chau, who is also the founder of Suncity, is now wearing two chairman hats, one for each of the two entities.

Tiger de Cristal, which is located near Russia’s port city of Vladivostok, has been actively targeting Chinese gamblers, as well as other East Asian markets nearby. The increased stake by the Macau-based junket brand was seen as a way to allow it to use its influence to help increase the resorts productivity and was a “significant positive” for the venue, according to statements made by executive director Eric Landheer to GGRAsia.

Some analysts agree with the predictions. Union Gaming Securities Asia recently asserted that, because of Suncity’s involvement in the project, its VIP gambling turnover could increase as much as 250% year-on-year in 2020. It has been stated by many analysts that Suncity is the largest single contributor to VIP volume in Macau, which gives it a substantial amount of sway with gamblers.

In addition to Chau being tapped as the chairman of Summit Ascent, Suncity’s chief financial officer, Philip Wong, is now a non-executive director of the entity, as well. This past April, Suncity Chief Investment Officer, and executive director, Andrew Lo became Summit Ascent’s deputy chairman.