{"id":777011180,"date":"2023-11-16T06:45:29","date_gmt":"2023-11-16T09:45:29","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011180"},"modified":"2026-04-22T15:31:47","modified_gmt":"2026-04-22T18:31:47","slug":"suntrust-resort-holdings-net-loss-down-41-for-q3","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/suntrust-resort-holdings-net-loss-down-41-for-q3","title":{"rendered":"Suntrust Resort Holdings net loss down 41% for Q3"},"content":{"rendered":"\n<p>Suntrust Resort Holdings&#8217;s net loss fell to PHP414.48m.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The Philippines.-\u00a0<strong>Suntrust Resort Holdings <\/strong>has reported that its net loss for Q3 was PHP414.48m (US$7.43m). That&#8217;s a reduction of 41 per cent year-on-year. Suntrust is indirectly 51 per cent owned by<strong>\u00a0Suncity Group Holdings<\/strong>, which was run by Macau junket boss\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/suncity-group-chairman-arrested-in-macau\" target=\"_blank\">Alvin Chau Cheok Wa<\/a>\u00a0until his resignation in December following his arrest on cross-border gambling and money laundering accusations.<\/p>\n\n\n\n<p>The focus of Suntrust Resort Holdings is the ongoing development of the Westside City Project, an integrated resort in Manila. The US$1bn project is to include\u00a0<strong>400 gaming tables and 1,200 slot machines<\/strong>, 450 five-star hotel rooms and 960 parking spaces.\u00a0<\/p>\n\n\n\n<p>According to the group&#8217;s latest filing, it aims to launch the hotel-casino by the fourth quarter of 2024. In September, the company\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/suntrust-starts-hiring-employees-for-westside-city-casino\" target=\"_blank\">commenced the recruitment process<\/a>\u00a0for operations at the integrated resort.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Suntrust Resort Holdings&#8217;s net loss fell to PHP414.48m.<\/p>\n","protected":false},"author":176,"featured_media":15167,"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 reported a 41% year-on-year reduction in Q3 net loss to PHP414.48m, signaling improved financial trajectory. The company, indirectly 51% owned by Suncity Group Holdings, is advancing its US$1bn Westside City integrated resort project in Manila, targeting a Q4 2024 launch for its hotel-casino operations and initiating recruitment for key operational roles.","focusai_entities":"Suntrust Resort Holdings, Suncity Group Holdings, Alvin Chau Cheok Wa","focusai_location":"Philippines, Manila, Macau","focusai_target_profile":"ceo_executive (0.9), regulator (0.8), compliance_legal (0.9), operator_casino (0.9), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Westside City Project Impact","query":"What is the projected GGR contribution of the Westside City Project to the Philippine gaming market upon full operationalization, and how might it impact existing Manila-based integrated resort operators?"},{"label":"Suncity Governance Implications","query":"How has Suntrust Resort Holdings structurally mitigated the residual governance and reputational risks associated with its indirect ownership by Suncity Group Holdings, particularly in light of the Alvin Chau allegations?"}],"footnotes":""},"categories":[163,16333],"tags":[24042],"class_list":["post-777011180","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-suntrust-resort"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011180","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=777011180"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011180\/revisions"}],"predecessor-version":[{"id":777040950,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011180\/revisions\/777040950"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/15167"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}