• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Suncity’s Lo among 2 Summit Ascent execs to Suntrust board

May 05, 2021 Newsdesk Latest News, Philippines, Top of the deck  


Suncity’s Lo among 2 Summit Ascent execs to Suntrust board

Two senior executives of Hong Kong-listed Summit Ascent Holdings Ltd have respectively become board directors at Suntrust Home Developers Inc, a Philippine entity investing in a casino hotel in Manila that is part of the Westside City Project. The board move is according to a Suntrust filing to the Philippine Stock Exchange on Tuesday.

Andrew Lo Kai Bong (pictured in a file photo), also an executive director of Hong Kong-listed Suncity Group Holdings Ltd, and deputy chairman of Summit Ascent, has been appointed a director of Suntrust, with effect from Tuesday.

David Chua Ming Huat, an executive director and chief executive of Summit Ascent, has also been appointed as a Suntrust director with effect from Tuesday, said the latter.

Mr Chua is also currently chairman of Travellers International Hotel Group Inc, the developer and operator of the Resorts World Manila casino resort in the Philippine capital.

Mr Lo and Mr Chua have respectively replaced Joey Villafuerte and Josephine Marie Salazar as Suntrust directors upon the latter pair’s resignation on Tuesday.

Suncity Group Holdings indirectly owns 51 percent of Suntrust. Suncity Group Holdings is led by Macau casino junket boss Alvin Chau Cheok Wa, the head of Macau VIP brand Suncity.

Suncity Group Holdings is also the controlling shareholder of Summit Ascent, with approximately 69.66 percent. Summit Ascent promotes the Tigre de Cristal casino resort in Vladivostok, Russia.


  • tweet
Related articles
  • Suntrust has 2Q loss, Westside City 2024 opening on track
    Suntrust has 2Q loss, Westside City...

    Aug 16, 2022  

  • Suncity listco gets nod for name change to LET Group
    Suncity listco gets nod for name change...

    Aug 16, 2022  

More news
  • Macau resuming tourism promotion on Chinese mainland
    Macau resuming tourism promotion on...

    Aug 19, 2022  

  • SOFTSWISS Game Aggregator deal on Vibra Gaming content
    SOFTSWISS Game Aggregator deal on Vibra...

    Aug 19, 2022  


Latest News

Macau resuming tourism promotion on Chinese mainland

Macau resuming tourism promotion on Chinese mainland

Aug 19, 2022  

Macao Government Tourism Office (MGTO) said on Friday that it is resuming promotion of Macau as a travel destination, targeting mainland Chinese consumers. Its new campaign starts this month and runs...
Read More
SOFTSWISS Game Aggregator deal on Vibra Gaming content

SOFTSWISS Game Aggregator deal on Vibra Gaming content

Aug 19, 2022  

Ambrose So, CEO of Macau op SJM cuts stake for US$11mln

Ambrose So, CEO of Macau op SJM cuts stake for US$11mln

Aug 19, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

“The key focus is digging ourselves, together with the other five operators, out of hole that Macau has been in for the last three years”

Lawrence Ho Yau Lung

Chairman of casino operator Melco Resorts



Most Popular

  • Studio City Phase 2 opening 2Q23, in stages: Lawrence HoStudio City Phase 2 opening 2Q23, in stages: Lawrence Ho August 19, 2022
  • Galaxy Ent 2Q EBITDA dips 41pct sequentially, 1H lossGalaxy Ent 2Q EBITDA dips 41pct sequentially, 1H loss August 18, 2022
  • GEN HK liquidators considering offers on Manila venue stakeGEN HK liquidators considering offers on Manila venue stake August 18, 2022
  • China restates action on overseas-bet fugitivesChina restates action on overseas-bet fugitives August 17, 2022
  • Macau govt names members of new casino-policy committeeMacau govt names members of new casino-policy committee August 17, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us