{"id":14565,"date":"2021-02-11T15:30:12","date_gmt":"2021-02-11T15:30:12","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=14565"},"modified":"2026-04-23T21:53:11","modified_gmt":"2026-04-24T00:53:11","slug":"new-manila-casino-hotel-will-cost-us1bn","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/new-manila-casino-hotel-will-cost-us1bn","title":{"rendered":"New Manila casino hotel will cost US$1bn"},"content":{"rendered":"\n<p>Suncity Group hopes to commence operations at its Westside City Project in 2023.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-&nbsp;SunTrust, Suncity Group\u2019s subsidiary in the Philippines, has announced that the<strong> total cost of construction and development <\/strong>of its main casino hotel at Manila\u2019s Entertainment City will be US$1bn.<\/p>\n\n\n\n<p>Last year, <strong>the group paid US$220m in construction and development costs for the Manila casino resort project<\/strong>. It&#8217;s considering raising a further US$280m via debt and\/or equity financing to support the project.<\/p>\n\n\n\n<p>The project will include <strong>400 gaming tables and 1,200 slot machines<\/strong>, 400 five-star hotel rooms and 960 parking spaces covering 44,000 square metres.<\/p>\n\n\n\n<p>Suncity Group hopes to commence operations at its Westside City Project in 2023, depending on the continued impact of the Covid-19 pandemic.<\/p>\n\n\n\n<p>Last year, the operator designated <em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/suncity-inks-deal-for-manila-casino-construction\" target=\"_blank\"><strong>local construction giant Megawide<\/strong><\/a><\/em> as the<strong> main contractor<\/strong> for the basement, podium and tower of the main casino hotel.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Suncity Group hopes to commence operations at its Westside City Project in 2023.<\/p>\n","protected":false},"author":176,"featured_media":14568,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Suncity Group's subsidiary, SunTrust, has announced a US$1 billion total development cost for its Westside City Project casino hotel in Manila's Entertainment City, with US$220 million already expended. The group plans to raise an additional US$280 million through debt or equity financing to support the integrated resort, which is slated for a 2023 operational commencement, subject to pandemic conditions.","focusai_entities":"Suncity Group, SunTrust, Megawide","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.8), operator_casino (0.9), payments_fraud_aml (0.7), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Project ROI?","query":"What is the projected Return on Investment (ROI) and EBITDA contribution of the Westside City Project to Suncity Group's consolidated financials post-2023?"},{"label":"Financing Impact?","query":"How will the planned US$280 million debt\/equity financing impact Suncity Group's leverage ratios and cost of capital?"}],"footnotes":""},"categories":[157,158,16333],"tags":[23907],"class_list":["post-14565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14565","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\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=14565"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14565\/revisions"}],"predecessor-version":[{"id":14628,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/14565\/revisions\/14628"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14568"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=14565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=14565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=14565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}