{"id":777031299,"date":"2025-09-05T07:54:36","date_gmt":"2025-09-05T10:54:36","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777031299"},"modified":"2026-04-21T19:26:48","modified_gmt":"2026-04-21T22:26:48","slug":"suntrust-takes-minority-stake-in-westside-city-project","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/suntrust-takes-minority-stake-in-westside-city-project","title":{"rendered":"Suntrust confirms reduction of stake in Westside City project"},"content":{"rendered":"\n

Travellers now has a majority stake in the project.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Suntrust Resort Holdings has confirmed that it has subscribed to 400m common shares equivalent to a 40 per cent stake in Westside Bayshore Holding Corp (WBHC), a subsidiary of Travellers, under the Alliance Global group. It paid PHP8.00 (US$0.14) per share, amounting to a total consideration of PHP3.20bn (US$56m).<\/p>\n\n\n\n

As announced on Monday<\/a>, that gives it a 20-per cent indirect stake in Entertainment City Resorts Corp. (ECRC), which has taken over the development of the Westside City integrated resort project in Manila\u2019s Entertainment City. Travellers now has majority control.<\/p>\n\n\n\n

The arrangement is intended to \u201cexpedite the completion\u201d of the Westside, which has faced repeated delays and now has a target opening of the third quarter of 2026<\/a>.<\/p>\n\n\n\n

The company said: \u201cThrough this acquisition, Suntrust will effectively hold an indirect interest in ECRC, a subsidiary of WBHC, which assumed all rights and obligations related to the Westside Integrated Resort Project to ensure its timely construction, development, completion and operation.\u201d<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> Philippine online gaming licence fees surpass US$1.2bn from January to July<\/a>\n\t\t\t\t<\/p>\n<\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"

Travellers now has a majority stake in the project.<\/p>\n","protected":false},"author":226,"featured_media":777031337,"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 has acquired a 40% stake in Westside Bayshore Holding Corp (WBHC) for PHP3.20bn (US$56m), granting it a 20% indirect interest in Entertainment City Resorts Corp. (ECRC). This strategic investment aims to accelerate the completion of the Westside City integrated resort project in Manila's Entertainment City, now targeting a Q3 2026 opening, with Travellers maintaining majority control.","focusai_entities":"Suntrust Resort Holdings, Westside Bayshore Holding Corp (WBHC), Travellers, Alliance Global group, Entertainment City Resorts Corp. (ECRC)","focusai_location":"Philippines, Manila","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Westside City Project Impact","query":"What are the specific governance frameworks and operational synergies expected from Travellers' majority control and Suntrust's strategic investment to mitigate further delays and ensure the Q3 2026 opening of the Westside City integrated resort?"},{"label":"Capital Structure Implications","query":"How does this PHP3.20bn equity injection by Suntrust Resort Holdings alter the capital structure and long-term financing strategy for the Westside City integrated resort, particularly concerning its impact on projected GGR and NGR targets post-launch?"}],"footnotes":""},"categories":[157,16338],"tags":[29,24619,225],"class_list":["post-777031299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-casino","tag-finance","tag-legislation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777031299","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777031299"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777031299\/revisions"}],"predecessor-version":[{"id":777031317,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777031299\/revisions\/777031317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777031337"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777031299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777031299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777031299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}