• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Tuesday 24 May 2022
  • 中文中文
  • 日本語日本語
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • Vietnam
  • Events
  • Consulting
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Opening of Suncity’s Manila casino project delayed to 2024

Ben Blaschke by Ben Blaschke
Fri 26 Nov 2021 at 06:34
SunTrust becomes listed tourism business as Suncity releases first renderings of Manila hotel and casino project

An artist’s impression of the façade of the Westside City project.

151
SHARES
3.8k
VIEWS
Print Friendly, PDF & Email

Suncity Group’s Philippines subsidiary, Suntrust Home Developers Inc, has announced revisions to agreements inked with Megawide Construction Corporation that suggest completion of the group’s Manila integrated resort could be delayed until early 2024.

According to details filed with the Philippine Securities Exchange on Thursday, Suntrust and Megawide have agreed to amend Letters of Award (LOA) issued in November 2020 and a Supplemental Agreement signed in December 2020, allowing more time for Megawide to complete its works.

The LOA grants two packages to Megawide for construction of Suntrust’s Westside City Resort hotel and casino project , with Package 1 comprising a Pile Cap, Excavation & ELS Direct Contract at a cost of Php2.27 billion. Package 2 is the main site contract and includes the basement substructure, superstructure and ABWF (Architectural Builders Works and Finishes) at a cost of Php4.02 billion.

The project was originally planned for completion in late 2023, but Suntrust said Thursday it had agreed to extend the completion date for Package 2 until “no later than March 31, 2024 in order to afford the parties some flexibility.”

The revised agreement will also see Suntrust advance a payment of Php700 million to Megawide, “being the Provisional Sum for the additional architectural, structural and civil works for Package 2.”

When complete, the hotel and casino will incorporate a 450-room hotel with a casino boasting 400 gaming tables and 1,200 slot machines.

RelatedPosts

NUSTAR preparing to ramp up gaming operations

NUSTAR preparing to ramp up gaming operations

Mon 23 May 2022 at 05:27
Improved Okada Manila performance not enough to push Japan’s Universal Entertainment Corp back to profit in 2021

Okada Manila to fully recover to pre-pandemic levels by 2023: Fitch

Fri 20 May 2022 at 04:57
Summit Ascent undergoes boardroom makeover as Suncity asserts control

Andrew Lo acquires former Chairman Alvin Chau’s stake in Suncity Group

Thu 19 May 2022 at 18:33
Bloomberry reveals new Philippines integrated resort project in Cavite

Bloomberry reveals new Philippines integrated resort project in Cavite

Thu 19 May 2022 at 09:51
Load More
Tags: casinohotelManilaMegawidePhilippinesSuncity GroupSuntrust home Developers
Share60Share11
Ben Blaschke

Ben Blaschke

A former sports journalist in Sydney, Australia, Ben has been Managing Editor of Inside Asian Gaming since early 2016. He played a leading role in developing and launching IAG Breakfast Briefing in April 2017 and oversees as well as being a key contributor to all of IAG’s editorial pursuits.

Current Issue

Oz Casinos: What now?

Editorial: Does the foreigner-only casino model work?

by Ben Blaschke
Thu 28 Apr 2022 at 15:28

The COVID-19 pandemic, along with the international border closures it forced, is one of a number of recent headwinds to...

Oz Casinos: What now?

Oz Casinos: What now?

by Ben Blaschke
Thu 28 Apr 2022 at 15:14

With three inquiries into Crown Resorts completed, a review into Star Entertainment Group underway and a litany of damning findings...

Off Track: AUSTRAC’s AML Failures

Off Track: AUSTRAC’s AML Failures

by Ben Blaschke
Thu 28 Apr 2022 at 13:16

Australia’s anti-money laundering watchdog has launched civil proceedings against Crown Resorts in what appears to be a reaction to its...

Locals Game

Locals Game

by Ben Blaschke
Thu 28 Apr 2022 at 13:05

IAG recently spoke with Shaun McCamley, former President at integrated resort The Grand Ho Tram Strip on Vietnam’s south-east coast,...

Related Posts

Class action launched against Star Entertainment Group

Star Entertainment Group names interim Chairman and CEO following latest boardroom casualty

by Ben Blaschke
Mon 23 May 2022 at 11:27

Australia’s Star Entertainment Group has named director Ben Heap as interim Chairman and Group Executive – Operations Geoff Hogg as interim CEO after Executive Chairman John O’Neill announced last week that he was stepping down. Both will take on their...

New problem gambling self-help app launched in Victoria

New problem gambling self-help app launched in Victoria

by Newsdesk
Mon 23 May 2022 at 11:21

The Victorian Responsible Gambling Foundation has unveiled a new app aimed at providing those experiencing gambling harm access to self-help. According to information released Monday, the “Reset” app – funded by a AU$200,000 (US$142,000) grant from the Victorian state government...

69 year-old food supplier in apparent suicide at Venetian Hotel resort loading dock

69 year-old food supplier in apparent suicide at Venetian Hotel resort loading dock

by Pierce Chan
Mon 23 May 2022 at 11:11

On Saturday afternoon (May 21), a suspected suicide was discovered in Macau's Cotai district. A 69-year-old man surnamed Lam was found hanged in the Venetian Hotel near the loading dock. Police have advised that the man was the owner of...

2021: Japan IR – Crunch time

Japan Casino Regulatory Commission taking public comments on licensing criteria

by Shintaro Kamimura
Mon 23 May 2022 at 05:48

The Japan Casino Regulatory Commission opened public comments on 19 May regarding screening standards for proceedings such as casino licensing based on the 2016 Act on Promotion of Development of Specified Complex Tourist Facilities Areas. Current screening criteria for casino...


Simple Play

IAG

© 2005-2022
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • Contributors
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Consulting
  • Magazines
  • Advertise
  • Contact
  • About

© 2005-2022
Inside Asian Gaming.
All rights reserved.