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Type: Posts; User: Zyranas

  1. Posts
    Suntrust’s Manila casino hotel is estimated to cost US$1bn and opening currently pushed again this time to March, 31, 2024.

    Although for some analytics it is still unclear how Suncity Group, a parent company of Suntrust, can meet its capital commitments, due to “Their complete business model has been smashed, and the principal is languishing in jail.” Beyond Westside City Manila, Summit Ascent has funded a US$200m expansion, delayed due to Covid, and temporarily lent US$120m to Suntrust.*

    For better or worse, gaming has many examples of companies moving ahead despite ingloriously losing top executives. Another seasoned Southeast Asia gaming executive requesting anonymity believes Suncity “has value betcause it is listed and owns significant equity stakes in casinos in very interesting markets.” That source sees a name change in the cards.
  2. Thread: Ritz Carlton Jiuzhaigou

    Post by: Zyranas
    Ritz-Carlton keeps the hotel construction works in complete silence, but there are few articles shows that Marriott expects to have it opened this year.

    As per the press release issued March, 3rd, 2022:
    Marriott International, Inc. today announced plans to expand its portfolio in Greater China with the anticipated additions of more than 50 hotels in over 30 destinations across the region in 2022. The company also expects to open its 500th hotel in Greater China in early 2023, underscoring its confidence in the recovery and long-term growth of the region.
    As well as according to Chinese Media the new actual date is September, 2022.
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