Russia’s largest casino appears poised to bid goodbye to its Taiwanese investors, potentially to the benefit of gaming and travel operator Suncity Group.

On Tuesday, Summit Ascent Holdings, the Hong Kong-listed entity that holds a 60% stake in the Tigre de Cristal casino in Russia’s far east Primoyre gaming zone, announced that its board had been informed by First Steamship Company Ltd and Summit Ascent chairman Kuo Jen Hao that they have “been approached by a third party to acquire their entire shareholdings” in Summit Ascent.

In addition to being Summit Ascent’s chairman, Kuo is also chairman of the Taiwan-based First Steamship, which acquired a 12.67% stake in Summit Ascent in December 2017 from Melco International Development boss Lawrence Ho, who exited the stage to focus on his casino expansion opportunities in Cyprus and (possibly) Japan.

The identity of the third party interested in the “significant” holdings of both Kuo and First Steamship remains a mystery, but the finger of suspicion is pointing firmly at Suncity Group Holdings Ltd, which held a 3.29% stake in Summit Ascent as of last November and boosted that stake to an undisclosed level in February.