Westside City Resorts World (Resorts World Manila)
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Philippines construction giant Megaworld Corporation has announced plans to develop a new Php15 billion (US$262 million) “integrated lifestyle community” in Manila that will include a casino complex. Megaworld is a subsidiary of Alliance Global Group, which is majority owner of Entertainment City IR Newport World Resorts.

According to information released by the company this week, Megaworld’s latest development will be called Winford Resort. Located near the historic Chinatown on a property within the San Lazaro Tourism and Business Park, the three-hectare development will feature a mix of residential condominiums, hotels, and commercial developments with a casino complex.

The development is expected to be completed by 2028.



Source: https://www.asgam.com/index.php/2022/11/23/megaworld-to-develop-us262-million-township-with-casino-complex-in-manila/

Things are not looking good for Suntrust Resort Holdings...

The controlling shareholder of Philippine Stock Exchange-listed Suntrust Resort Holdings, LET Group Holdings (formerly known as Suncity Group Holdings), has announced its subsidiary recorded a PHP254 million ($4.43 million) loss in the third quarter of the year.

The group is currently developing its Westside City Project integrated resort in Manila, whose Main Hotel Casino will comprise entertainment and a five-star hotel with over 450 rooms, it’s also developing the Westside shopping mall, opera house, and 2,000-room hotel complex.
The group notes it still ‘aims to commence the operation of the Main Hotel Casino in 2024’ and that the group’s ‘business operations have been affected minimally as its hotel and casino are still in the preliminary construction activities’.

Source: https://agbrief.com/news/philippines/16/11/2022/let-controlled-suntrust-resort-holdings-sees-4-43mln-loss-in-q322/

Suntrust Resort Holdings Inc had a second-quarter net loss amounting to PHP255.1 million (US$4.6 million), it said in a Monday filing to the Philippine Stock Exchange.

Suntrust Resort – formerly Suntrust Home Developers Inc – is a vehicle for Hong Kong-listed Suncity Group Holdings Ltd and associated entities to develop a casino hotel (pictured in an artist’s impression) in the Westside City project in Manila, the Philippine capital.

Monday’s filing said that as of June 30, the pile capping, ground floor, and levels one and two of the “main hotel casino” had been completed, while work on the basement was “in progress”. It added: “Management aims to commence the operation of the main hotel casino in 2024.”

Source: https://www.ggrasia.com/suntrust-has-2q-loss-westside-city-2023-opening-on-track/

Alliance Global Group is granting PHP4bn ($75m) to help fund ongoing expansion projects at Resorts World Manila.

The expansions, being overseen by Resorts World Manila’s parent, Travellers International, will cover leisure and entertainment upgrades at the casino.

Source: https://www.gamblinginsider.com/news/16836/asia-round-up-75m-upgrade-for-resorts-world-manila-star-vegas-reopening-more

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.

Suntrust Home Developers has confirmed the timeline for construction of its Westside City project, saying the main hotel is under construction and is expected to open in 2024. Suntrust is 51-percent owned by a local unit of Hong Kong-listed Suncity Holdings.

Suntrust entered into a co-development agreement with Westside City Resorts World in October 2019 under which it agreed to finance the development and construction costs for the resort and would be appointed as the exclusive operator and manager of the operations.

The group announced in November that it was extending the deadline for completion out to 2024, from 2023, due to the impact of Covid.

The Westside City project will be located in Entertainment City, and will include a 5-star hotel with at least 400 rooms, a casino with 400 gaming tables and 1,200 slot machines for both mass and VIP markets, and a 960 space parking lot. It’s the first foray into the Philippines for Hong Kong-listed Suncity, which has been aggressively diversifying its business.

Source: https://agbrief.com/news/macau/28/03/2022/suntrust-home-developers-confirms-westside-city-to-open-in-2024/

https://www.facebook.com/aikarakenrol.tolentino/posts/521313039415885

Possible impact on the development of Suncity's Resort from the debts being called in relating to the arrest of Alvin Chau.

It is unclear how such action will impact Suncity’s ongoing operations and development of integrated resorts. This three-way joint venture, which opened Hoiana in Vietnam last year, holds a majority share in Tigre de Cristal from Vladivostok Russia and is building a $1-billion integrated resort at Westside City Resorts World in Manila’s Entertainment City precinct.

Suncity Group of Hong Kong, listed on the Hong Kong Stock Exchange, has indicated a possible change in control could be coming. The group holds interests and assets in integrated resort developments throughout Macau, Vietnam, Russia and the Philippines. However, the arrest of its former CEO, Alvin Chau, has virtually flipped the company upside down.

Source: https://www.gamblingnews.com/news/suncity-may-see-ownership-change-as-creditors-come-calling/

Very detailed walkthrough video on the ongoing projects at Westside City, uploaded a month ago. Here are some screenshots and highlights:

Grand Westside Hotel

There will be 2 towers. This is the South Tower:


Podium columns:


North Tower:


Side view of the South Tower:




Kingsford Hotel (already operational as of this video)

View from the front:


View from the side:


Bayshore Residential Project



Bayshore Residential Resort Project



Sands Hotel & Casino in its early stages (across the street from Grand Westside Hotel)



According to the video, a footbridge connecting the two projects will be built. I think that's what the yellow scaffolding is in this screenshot:

“Suntrust currently does not have commercial operations and the construction of its 5-star hotel and casino complex is progressing as scheduled.

Suntrust added that it currently boasts cash and cash equivalents of around Php7.7 billion (US$152.8 million) to support immediate construction and working capital requirements.

Source: https://www.asgam.com/index.php/2021/12/03/suncitys-philippines-subsidiary-says-manila-hotel-casino-development-unaffected-by-alvin-chau-arrest/

It should be reminded that the Westside City Resorts World will unite a 450-room hotel with a new brand by Suncity, a casino with 400 gaming tables and 1,200 slot machines, a shopping street, an outdoor resort swimming pool, theatres, bars, and many other entertainment options.

The additional information you can find there https://www.suncitygroup.com.hk/westside-city-project-2/.