{"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<p>Suntrust Resort Holdings says construction work on its casino hotel in Manila is on track for a 2024 opening.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-&nbsp;<strong>Suntrust Resort Holdings Inc<\/strong>, a subsidiary of&nbsp;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&#8217;s still on <strong>track for a 2024 launch<\/strong>.<\/p>\n\n\n\n<p>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&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/let-group-westside-city-project-remains-on-track\" target=\"_blank\">the Westside City project<\/a>&nbsp;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<p>Suntrust Resort has reported<strong> 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&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/let-group-seeks-financing-to-finish-its-westside-city-project\" target=\"_blank\">to secure financing through Suntrust Resort<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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}]}}