{"id":24523,"date":"2021-11-15T10:21:01","date_gmt":"2021-11-15T13:21:01","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=24523"},"modified":"2026-04-23T13:50:26","modified_gmt":"2026-04-23T16:50:26","slug":"suncitys-westside-city-project-remains-on-track-for-opening-in-2023","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/suncitys-westside-city-project-remains-on-track-for-opening-in-2023","title":{"rendered":"Suncity’s Westside City Project remains on track for opening in 2023"},"content":{"rendered":"\n

SunTrust, Suncity Group\u2019s subsidiary in the Philippines, has announced that operations at its Westside City Project will start in 2023.<\/p>\n\n\n\n\n\n\n\n

The Philipines.-\u00a0Suncity\u00a0<\/strong>has announced that it still expects to open its\u00a0new Manila casino in the Philippines in 2023\u00a0<\/strong>despite the impact of the Covid-19 pandemic.\u00a0The company said in its nine-month performance report that\u00a0since the resort is still under construction<\/strong>, the Covid-19 pandemic and multiple countermeasures have little impact on its business.\u00a0<\/p>\n\n\n\n

According to SunTrust, Suncity Group\u2019s subsidiary in the Philippines, for the nine months to the end of September, the company’s travel-related business had a net loss of PHP1.37bn<\/strong>, an increase from PHP281.2m in the same period last year. <\/p>\n\n\n\n

The group said it does not expect any cash flow or liquidity issues and that it has not breached the contract or breached any obligation to demand its payment.\u00a0As of the end of the reporting period, it had a capital commitment of PHP25.1bn related to hotel construction.\u00a0<\/p>\n\n\n\n

Suntrust<\/a> signed a joint development agreement with Westside City Resorts World in October 2019, under which it agreed to fund the development and construction costs of the resort and will be appointed as the sole operator and manager of the operation.<\/p>\n\n\n\n

The project will include 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

Last year, the operator designated local construction giant Megawide<\/a> as the main contractor<\/strong> for the basement, podium and tower of the main casino hotel.<\/p>\n","protected":false},"excerpt":{"rendered":"

SunTrust, Suncity Group\u2019s subsidiary in the Philippines, has announced that operations at its Westside City Project will start in 2023.<\/p>\n","protected":false},"author":176,"featured_media":18780,"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 Philippine subsidiary, SunTrust, confirms its Westside City Project in Manila remains on track for a 2023 operational launch, despite the COVID-19 pandemic's impact on its travel-related business. The integrated resort, featuring 400 gaming tables and 1,200 slot machines, represents a significant capital commitment and positions SunTrust as the sole operator and manager.","focusai_entities":"SunTrust, Suncity Group, Westside City Resorts World, Megawide","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Impact on Manila GGR?","query":"What is the projected incremental Gross Gaming Revenue (GGR) contribution of the Westside City Project to the Manila gaming market upon its 2023 launch, and how will this affect existing operators' market share?"},{"label":"Suncity's Capital Structure?","query":"Given the PHP25.1bn capital commitment and reported travel-related net losses, what is Suncity Group's current debt-to-equity ratio and liquidity outlook for funding the Westside City Project to completion?"}],"footnotes":""},"categories":[28,16333],"tags":[23702,24042],"class_list":["post-24523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-south-east-asia-news","tag-suncity-group","tag-suntrust-resort"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24523","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=24523"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24523\/revisions"}],"predecessor-version":[{"id":24551,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/24523\/revisions\/24551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18780"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=24523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=24523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=24523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}