{"id":777005512,"date":"2023-05-23T13:26:37","date_gmt":"2023-05-23T16:26:37","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777005512"},"modified":"2026-04-22T21:41:53","modified_gmt":"2026-04-23T00:41:53","slug":"suntrust-confirms-2024-opening-for-manila-casino-hotel","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/suntrust-confirms-2024-opening-for-manila-casino-hotel","title":{"rendered":"Suntrust confirms 2024 opening for Manila casino hotel"},"content":{"rendered":"\n

Suntrust Resort Holdings says construction work on its casino hotel in Manila is on track for a 2024 opening.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Suntrust Resort Holdings Inc<\/strong>, a subsidiary of LET Group Holdings has confirmed that construction work on its casino hotel in Manila had reached level 10 by the end of the first quarter. It says it’s still on track for a 2024 launch<\/strong>.<\/p>\n\n\n\n

In its first-quarter results announcement, the company highlighted the completion of structural works and the ongoing progress of podium fa\u00e7ade works. The casino hotel is a part of the Westside City project<\/a> and is expected to offer 460 five-star rooms. It aims to cater to both mass-market and VIP segments. It has an estimated cost of approximately US$1bn.<\/p>\n\n\n\n

Suntrust Resort has reported net income of PHP92.6m for the first quarter<\/strong>, compared to a loss of PHP194.3m last year. LET Group recently expressed its intention to secure financing through Suntrust Resort<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Suntrust Resort Holdings says construction work on its casino hotel in Manila is on track for a 2024 opening.<\/p>\n","protected":false},"author":176,"featured_media":16268,"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 Resort Holdings, a subsidiary of LET Group Holdings, confirms its US$1bn casino hotel in Manila is on track for a 2024 launch, with structural works completed and podium fa\u00e7ade progressing. The company reported a Q1 net income of PHP92.6m, reversing previous losses, amidst LET Group's stated intent to secure project financing through Suntrust.","focusai_entities":"Suntrust Resort Holdings Inc., LET Group Holdings","focusai_location":"Manila, Philippines","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), operator_casino (1.0), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Financing Strategy","query":"Given LET Group's stated intention, what specific financing instruments or capital market strategies will Suntrust Resort Holdings employ to secure the remaining US$1bn project funding, and what are the implications for its debt-to-equity structure?"},{"label":"Market Impact","query":"How will the introduction of Suntrust's 460-room, mass-market and VIP-focused integrated resort impact the competitive landscape and GGR projections for the Manila gaming market upon its 2024 launch?"}],"footnotes":""},"categories":[157,16333],"tags":[24042],"class_list":["post-777005512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-suntrust-resort"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005512","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=777005512"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005512\/revisions"}],"predecessor-version":[{"id":777005559,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777005512\/revisions\/777005559"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16268"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777005512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777005512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777005512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}