• 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

Westside build goes on despite Chau detention: Suntrust

Dec 02, 2021 Newsdesk Latest News, Philippines, Top of the deck  


Westside build goes on despite Chau detention: Suntrust

The construction of a five-star hotel and casino complex for the Westside City Project (pictured in a file photo) in Manila, the Philippine capital, is “progressing as scheduled,” said a Thursday filing from Manila-listed Suntrust Home Developers Inc, the scheme coordinator.

It added that the detention in Macau on Saturday of Suncity Group junket boss Alvin Chau Cheok Wa was “not expected to have a material impact on the timeline of the construction” of the Westside City hotel and casino.

Suntrust Home Developers is 51-percent indirectly owned by Suncity Group Holdings Ltd, a Hong Kong-listed firm that – until his resignation on Wednesday – had been chaired by Mr Chau.

Mr Chau was detained on suspicion of facilitating online gambling for customers from mainland China.

Suntrust added in its Thursday filing that as of September 30, its balance sheet reflected “cash and cash equivalents of approximately PHP7.7 billion [US$152.7 million] which will support immediate construction and working capital requirements” regarding the Westside complex.

The US$1-billion Westside City Project – due to have the casino completed in the first quarter of 2024, according to another recent Suntrust filing – was flagged as a one of the “main growth drivers” of Suncity Group Holdings’ business, said the latter’s 2021 interim report filed in September.


  • tweet
Related articles
  • Suntrust agrees to US$6mln loan from chairman Andrew Lo
    Suntrust agrees to US$6mln loan from...

    May 29, 2023  

  • Domestic demand driver for Philippines gaming: Maybank
    Domestic demand driver for Philippines...

    May 23, 2023  

More news
  • G2E Singapore trade show, conference begins today
    G2E Singapore trade show, conference...

    May 30, 2023  

  • FBM enters U.S. market via Easy$Link deployment in Florida
    FBM enters U.S. market via Easy$Link...

    May 29, 2023  


Latest News

G2E Singapore trade show, conference begins today

G2E Singapore trade show, conference begins today

May 30, 2023  

The Global Gaming Expo (G2E) Asia 2023 Special Edition: Singapore starts today (Tuesday, May 30), at the Marina Bay Sands casino resort. The three-day event is organised by Reed Exhibitions and the...
Read More
FBM enters U.S. market via Easy$Link deployment in Florida

FBM enters U.S. market via Easy$Link deployment in Florida

May 29, 2023  

RGB posts US$2.3mln 1Q profit, optimistic for rest of 2023

RGB posts US$2.3mln 1Q profit, optimistic for rest of 2023

May 29, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”Even in the darkest moments of the pandemic, we’ve always said this market will come back strong… We’re big believers in Macau”

Robert Goldstein

Chairman and chief executive of Las Vegas Sands



Most Popular

  • Cotai Expo hotel extra to licence capex, says GoldsteinCotai Expo hotel extra to licence capex, says Goldstein May 29, 2023
  • Ian Coughlan out of Wynn Macau Ltd board, Cameron-Doe inIan Coughlan out of Wynn Macau Ltd board, Cameron-Doe in May 29, 2023
  • Londoner Macao pulls in foreigners and Chinese: LVS CEOLondoner Macao pulls in foreigners and Chinese: LVS CEO May 25, 2023
  • Suntrust agrees to US$6mln loan from chairman Andrew LoSuntrust agrees to US$6mln loan from chairman Andrew Lo May 29, 2023
  • Londoner Macao to host Harry Potter exhibition in DecLondoner Macao to host Harry Potter exhibition in Dec May 29, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us