Summit Ascent calls Manila IR a “fast pass” to pan-Asian gaming market

Summit Ascent Holdings believes that its developing integrated resort in Entertainment City will offer the group an alternate “fast pass” to tap into the pan-Asian gaming market once completed.

In a 2021 Annual Report, Summit Ascent said it is transforming itself into a pan-Asian gaming operator in a “prudent manner”, and has been able to do so after investing in P5.6 billion in convertible bonds in 2020 and P6.4 billion in convertible bonds in 2021.

“The potential for the Group to own part of an integrated resort in a location with a decade’s track record of double-digit gaming revenue growth, offers the Group an alternative fast pass to tap into the pan-Asian gaming market,” said the company, referring to its Westside City Resort in Entertainment City.

Source: https://agbrief.com/news/philippines/26/04/2022/summit-ascent-calls-manila-ir-a-fast-pass-to-pan-asian-gaming-market/