First Gambling Company of the East LLC, a Russian-based subsidiary of Summit Ascent’s Oriental Regent unit, will buying 300 electronic gaming machines from Tiga Rus LLC for a casino that will open near Vladivostok in May. The price tag: US.2 million.
Tiga Rus is a subsidiary of Firich Enterprises Co. Ltd., also an investor in the casino project, according to GGRAsia.
The casino will pay for the EGMs in installments over the course of a year. “This would give the casino access to quality gaming equipment with the advantage of reduced initial capital outlay,” Summit Ascent said in a filing to the Hong Kong Stock Exchange last week. “It is intended that payment of the consideration for the Tiga equipment will be entirely funded by the internal resources of the Oriental Regent group.”
The casino resort will have 119 hotel rooms, 800 slot machines, 25 VIP gaming tables, 15 mass-market baccarat tables, and 25 additional mass-market table games.
Taiwan-listed Firich Enterprises is described as “a leader in the manufacture, installation and maintenance of electronic gaming machines, multi-player gaming terminals, VLT and Lottery POS. Its products are widely deployed in Macau, mainland China, Taiwan, Korea, the United States of America and a number of European countries,” Summit Ascent said in the filing.
