project will include<\/a><\/em><\/strong> 400 gaming tables and 1,200 slot machines across both VIP and mass gaming, plus 400 five-star hotel rooms and 960 parking spaces. It is due to open in the fourth quarter of 2022. The Westside City Resorts World township will also offer additional facilities such as a Grand Theatre, shopping malls and 2,000 parking spaces.<\/p>\n\n\n\nSuntrust Home Developers will be the sole operator. <\/p>\n","protected":false},"excerpt":{"rendered":"
The agreement for almost US$145 million in convertible bonds will provide funding for the hotel and casino at Westside City Resorts World in Manila.<\/p>\n","protected":false},"author":2,"featured_media":6926,"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 has increased its controlling stake in Suntrust Home Developers to 74.42% through a US$145 million convertible bond subscription. This capital injection is earmarked for the development of a new US$700 million integrated hotel and casino at Westside City Resorts World in Manila, featuring extensive gaming and hospitality facilities. The strategic move aims to secure funding and mitigate equity dilution risks for the project, which is slated for a Q4 2022 opening.","focusai_entities":"Suncity Group, Suntrust Home Developers, Fortune Noble Ltd., Philippines Securities and Exchange Commission","focusai_location":"Philippines, Manila, Hong Kong","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.9), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Dilution Risk Mitigation","query":"How does the convertible bond structure specifically mitigate future equity dilution risks for Suncity Group's stake in Suntrust Home Developers, particularly in the context of subsequent funding rounds for the Westside City Resorts World project?"},{"label":"Market Impact Analysis","query":"What is the projected impact of the Westside City Resorts World's Q4 2022 opening on the gross gaming revenue (GGR) and competitive landscape of Manila's Entertainment City, considering the existing integrated resorts?"}],"footnotes":""},"categories":[157,158,16333],"tags":[12436,128],"class_list":["post-6925","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-slider-home","category-south-east-asia-news","tag-casinos","tag-philippines"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6925","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=6925"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6925\/revisions"}],"predecessor-version":[{"id":20291,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/6925\/revisions\/20291"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/6926"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=6925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=6925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=6925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}