Westside City Resorts World (Resorts World Manila)
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Manila integrated resort development LET Westside has completed three key appointments to its executive gaming team as it ramps up preparations for a planned opening in late 2024.
Among the new additions is Damian Quayle, former Chief Operating Officer at Australia’s Star Entertainment, who joined last month as Executive Vice President of Operations and has wasted no time in expanding his staff.

These include the appointment of Kevin Forde as Vice President of Table Games and Ian Garner as Vice President of Electronic Gaming Machines, IAG has learned.

Forde comes with significant experience working in Macau for Galaxy Entertainment Group, first as Casino Operations Manager at StarWorld and later as Assistant Vice President – Mass Gaming at Galaxy Macau. More recently he worked alongside Quayle as General Manager Product and Strategy for Star Entertainment Group.

Garner also brings extensive experience working in integrated resorts across Asia, having overseen slot operations for The Venetian Macau, MGM Grand and Wynn Palace in Macau and at The Grand Ho Tram in Vietnam. Most recently he served as Vice President of Gaming Operations for Singapore’s Resorts World Sentosa.

Source: https://www.asgam.com/index.php/2023/10/18/us1-1-billion-manila-integrated-resort-let-westside-appoints-three-key-gaming-executives/

In its second quarter 2023 earnings report submitted with the Philippine Stock Exchange on August 14, Suntrust Resort Holdings Inc. the company listed behind the new Philippines US$1.1 billion casino and hotel project, claimed that the said Manila project construction arrived at the “roof level” since June 30. Additionally, the company also confirmed again its intention to officially debut its casino-hotel business in the fourth quarter of 2024.

Source: https://news.worldcasinodirectory.com/new-hotel-casino-construction-project-in-manila-arrives-at-roof-level-109910

Suntrust Resort Holdings Inc, the subsidiary of Hong Kong’s LET Group Holdings currently developing a US$1.1 billion hotel and casino in Manila’s Entertainment City precinct, has entered into a series of refinancing agreements with Summit Ascent Holdings.

According to information filed by Summit Ascent on Thursday morning, the agreements include a new loan agreement under which SA Investments will provide a loan facility to Suntrust of up to US$20 million, pending shareholder approval.

The loan facility relates to a requirement for Suntrust to maintain a credit balance of no less than US$20 million in a construction reserve account to cover any cost over-runs in the construction of the Manila hotel and casino.

Source: https://www.asgam.com/index.php/2023/07/27/summit-ascent-reaches-refinancing-agreements-with-suntrust-to-ensure-completion-of-manila-hotel-and-casino/

Nestled amidst the vibrant energy and excitement of the emerging entertainment district, Gentry Manor offers an unparalleled residential experience that redefines opulence.

Suntrust Resort Holdings Inc has agreed to a fresh US$6 million loan as it continues pushing to complete development of its US$1 billion hotel and casino project in Manila’s Entertainment City.

The loan was approved by the company’s Board of Directors on Friday, Suntrust revealed, and will be provided by Major Success Group – the parent company of Suntrust’s controlling shareholder LET Group Ltd (formerly known as Suncity Group). Major Success Group is wholly-owned by LET Group Chairman, Andrew Lo Kai Bang.

Suntrust did not reveal whether the loan is linked in any way to its failure to pay Php336 million (US$6.2 million) in interest owing to another LET Group subsidiary, Summit Ascent Holdings, on convertible bonds subscribed to in late 2020. Summit Ascent, operator of Russian casino-resort Tigre de Cristal, said in January that it was “in discussions with Suntrust on the payment arrangement of the overdue interest but no concrete plan has been reached as at the date of this announcement.”

Source: https://www.asgam.com/index.php/2023/05/28/suntrust-agrees-to-new-us6-million-loan-from-let-group-chairman-andrew-lo-for-manila-casino-project/

Possible bad news for SunTrust

Suntrust Resort Holdings, the Philippines-listed subsidiary of Hong Kong-based gaming investor LET Group Holdings, has revealed it is seeking a potential loan facility in order to complete construction of its US$1 billion hotel and casino development in Manila’s Entertainment City precinct.
According to details filed with the Philippine Stock Exchange on Wednesday, the potential loan facility is currently under negotiation with the company set to seek shareholder approval.

The potential loan comes after Suntrust recently stated that the hotel and casino project, part of Travellers International Hotel Group’s Westside City development, was on track to open in 2024 – despite a January report that the company had failed to pay Php336 million (US$6.2 million) in interest owing to Summit Ascent Holdings on convertible bonds subscribed to in late 2020. Summit Ascent, which is also majority-owned by LET Group, stated at the time it was in discussions with Suntrust over the issue.

Source: https://www.asgam.com/index.php/2023/04/19/suntrust-flags-potential-loan-facility-to-ensure-completion-of-us1-billion-manila-hotel-and-casino-development/

A long-expected Suntrust Resort Holdings Inc will be opened in Manila as a part of the Westside City Project developed by Westside City Resorts World Inc and Travellers International Hotel Group Inc.
The plans for the new casino hotel building are progressing as planned, so it is estimated that the work on the construction will be completed in 2024 when the casino will be opened for visitors.

On Tuesday, the company published its Annual Report, and Suntrust claims that so far, there aren’t any unpredicted events, material issues, or uncertainties that can delay the opening of the building.

Source: https://news.worldcasinodirectory.com/opening-of-suntrust-casino-hotel-in-2024-108228