Philippine gaming operator Suntrust Resort Holdings, a unit of LET Group Holdings of Hong Kong, has acquired a $38 million loan from its parent to “fund project costs and the construction” of Westside City, a hotel and casino complex in Manila.
LET Group, formerly Suncity, is the controlling shareholder of Suntrust Resort Holdings.
The five-star, $1 billion resort complex, originally scheduled to open by the end of the year, now expects to debut in the first quarter of 2025. It will offer 475 luxury hotel rooms, a 1,100-seat theater, a ballroom and grand opera house, a 3,000-seat performing arts center, a mall and four movie theaters. T
The casino will include more than 1,000 slot machines, 281 gaming tables and 134 electronic table games.
According to Asia Gaming Brief, the fresh loan is payable within 10 years unless extended by the parties or shortened by a default.
