{"id":11783,"date":"2020-11-14T19:20:54","date_gmt":"2020-11-14T19:20:54","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=11783"},"modified":"2026-04-24T00:05:41","modified_gmt":"2026-04-24T03:05:41","slug":"suncity-inks-deal-for-manila-casino-construction","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/suncity-inks-deal-for-manila-casino-construction","title":{"rendered":"Suncity inks deal for Manila casino construction"},"content":{"rendered":"\n<p>The operator has designated Megawide as the principal contractor for the basement, podium and tower of the Main Hotel Casino.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.- SunTrust, Suncity Group\u2019s subsidiary in the Philippines, has entered an agreement with the construction group Megawide for construction of its Philippines casino.<\/p>\n\n\n\n<p>Megawide will be in charge of developing the Main Hotel Casino\u2019s basement, podium and tower, at Paranaque City, Manila.<\/p>\n\n\n\n<p>Under the contract, SunTrust will pay Php4bn (US$83.3 million) to Megawide for the works. It will pay 25 per cent as an advance in December and the rest on a progress basis.<\/p>\n\n\n\n<p>Megawide will have 910 calendar days to complete the project.<\/p>\n\n\n\n<p>The contract also lines up a second stage of the work for which it will pay Php2.26bn (US$47m). Suncity expects to <strong><em><a href=\"https:\/\/focusgn.com\/asia-pacific\/suncity-expects-to-open-manila-casino-in-late-2022\" target=\"_blank\" rel=\"noreferrer noopener\">open the Manila casino<\/a><\/em><\/strong> in late 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The operator has designated Megawide as the principal contractor for the basement, podium and tower of the Main Hotel Casino.<\/p>\n","protected":false},"author":2,"featured_media":11785,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"SunTrust, a Suncity Group subsidiary, has engaged Megawide as the principal contractor for the Main Hotel Casino project in Paranaque City, Manila. The initial contract, valued at Php4bn (US$83.3 million), covers the basement, podium, and tower, with a 910-day completion target. This development signifies Suncity's continued investment in integrated resort infrastructure within the Philippine gaming market, targeting a late 2022 opening.","focusai_entities":"Megawide, SunTrust, Suncity Group","focusai_location":"Philippines, Paranaque City, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (0.9), supplier_vendor (0.8), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Funding Structure Details?","query":"What are the specific financing mechanisms and capital sources Suncity Group is leveraging for this Php6.26bn integrated resort development, beyond the initial contractor payments?"},{"label":"Regulatory Approvals Status?","query":"What is the current status of all requisite gaming licenses and operational permits from PAGCOR for the Main Hotel Casino, and are there any outstanding regulatory conditions?"}],"footnotes":""},"categories":[28,16333],"tags":[128,1427],"class_list":["post-11783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-east-asia-news","tag-philippines","tag-suncity"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11783"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11783\/revisions"}],"predecessor-version":[{"id":11795,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11783\/revisions\/11795"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11785"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}