• 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 casino still scheduled for 2024 launch: Suntrust

Mar 28, 2022 Newsdesk Latest News, Philippines, Top of the deck  


Westside casino still scheduled for 2024 launch: Suntrust

The opening of a five-star hotel and casino complex at the Westside City Project (pictured in an artist’s rendering) in Manila, the Philippine capital, remains scheduled for 2024, says Suntrust Home Developers Inc, the property’s promoter.

“As of December 31, 2021, the construction work of pile cap has been completed while the construction works of the basement and ground floor of the … hotel casino have been substantially completed,” said Manila-listed Suntrust Home Developers in its annual report, filed on Friday to the Philippine exchange.

Management aims to “commence operations in 2024”, it added.

Suntrust Home Developers is 51-percent indirectly owned by Suncity Group Holdings Ltd, a Hong Kong-listed firm that – until his resignation in early December – had been chaired by Macau casino junket boss Alvin Chau Cheok Wa.

In November, Mr Chau was detained in Macau on suspicion of facilitating illegal gambling overseas for Chinese customers. All of his junket brand’s VIP rooms in Macau were closed on December 1, 2021.

Mr Chau and a unit of his junket business also have been declared “unsuitable to hold any authority/licence to operate a junket business in the Philippines”. That is according to a report by a committee of the country’s casino regulator, released on Wednesday, as reported by GGRAsia.

Suntrust Home Developers had already stated in a December filing that Mr Chau’s detention in Macau was “not expected to have a material impact on the timeline of the construction” of the Westside City hotel and casino.

Suntrust Home Developers said in its annual report that it did “not anticipate having any cash flow or liquidity problems”.

As of end-2021, the firm had cash and cash equivalents of approximately PHP6.15 billion (US$117.7 million), and commitments of approximately PHP23.38 billion for the construction of the the Westside City hotel and casino.

In August last year, the firm had said the casino at Westside City was scheduled to start operating in the year 2023. But in November, Suntrust Home Developers announced it had agreed with the firm doing the construction to push back the completion date of the complex “to no later than March 31, 2024″.


  • tweet
Related articles
  • Pagcor says no ‘proof of compliance’ from Suncity Group
    Pagcor says no ‘proof of...

    May 27, 2022  

  • Alvin Chau indicted for illegal gaming, money laundering
    Alvin Chau indicted for illegal gaming,...

    May 26, 2022  

More news
  • Macau hints at performance element for satellite ops
    Macau hints at performance element for...

    May 27, 2022  

  • Off timing in cash-strapped SJM buying Oceanus site: JPM
    Off timing in cash-strapped SJM buying...

    May 27, 2022  


Latest News

Macau hints at performance element for satellite ops

Macau hints at performance element for satellite ops

May 27, 2022  

The Macau government hinted on Friday it might under the proposed update to the city’s gaming framework, permit some kind of performance-related system – linked to “turnover”...
Read More
Off timing in cash-strapped SJM buying Oceanus site: JPM

Off timing in cash-strapped SJM buying Oceanus site: JPM

May 27, 2022  

RWS non-gaming offer Minion Land pledged to open 2024

RWS non-gaming offer Minion Land pledged to open 2024

May 27, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The decision of Pagcor finding Suncity Group Manila and Mr Chau unsuitable is currently in effect”

Philippine Amusement and Gaming Corp



Most Popular

  • Alvin Chau indicted for illegal gaming, money launderingAlvin Chau indicted for illegal gaming, money laundering May 26, 2022
  • Marina Bay Sands to hire up to 2,000 workers: firmMarina Bay Sands to hire up to 2,000 workers: firm May 26, 2022
  • SJM to acquire Oceanus building for US$243mln in bondsSJM to acquire Oceanus building for US$243mln in bonds May 27, 2022
  • Macau satellites seek biz model leeway, says Ponte 16 bossMacau satellites seek biz model leeway, says Ponte 16 boss May 26, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us