Suntrust Resort Holdings Secures $38M Loan for Westside City Project

Leading casino operator in the Philippines, Suntrust Resort Holdings, has entered into a significant loan deal with LET Group, previously Suncity Group, to get a $38 million loan for the advancement of its ambitious Westside City Project.

The money will go toward paying project expenses and accelerating construction of the much anticipated hotel and casino complex, which will change the face of Manila’s Entertainment City.

To support its flagship development, Suntrust Resort Holdings has strategically partnered with LET Group, a prominent player in the gaming and entertainment sectors.

The $38 million investment would hasten the Westside City Project’s development, a large integrated resort that will revolutionize Manila’s leisure and tourism industry.

The Main Hotel Casino, which will radiate elegance and sophistication, will be unveiled as part of the Westside City Project’s grand opening in the first quarter of 2025.

According to the company’s most recent annual report, significant work has already been accomplished, with structural construction and tower facade completion documented up to the roof level.

Suntrust will receive financing from LET Group for a period of ten years, starting on the signing date, as per the conditions of the new Loan Agreement.

This adaptable agreement safeguards the interests of both parties by permitting future extensions or modifications in the event of unforeseen circumstances.

Suntrust is still optimistic that the loan infusion would improve its financial and operational dynamics and show that its strategy is in line with the company’s growth trajectory.

The Main Hotel Casino, which has 475 gorgeous hotel rooms and suites as well as top-notch amenities, is ready to shine as a beacon of opulence with a relentless focus on offering unique experiences.

The casino enclave will provide both mass-market and VIP patrons with a variety of gaming options when it opens. With 281 gaming tables, 1,126 slot machines, and 134 electronic table games (ETGs), the location promises an all-encompassing, immersive gaming experience.

With a range of cultural and recreational offerings, the Westside City Project seeks to reimagine entertainment paradigms beyond gaming.

The plan aims to create a multifaceted destination with state-of-the-art theaters and performance venues, a bustling mall, and gastronomic delights that will draw travelers from near and far.

With construction well underway and momentum building, Suntrust’s Westside City Project is a prime example of its unwavering commitment to innovation and quality, poised to raise the bar for integrated resort experiences.

Excitement is building for the unveiling of this landmark monument, which will change Manila’s skyline and transform the city’s leisure and hospitality scene for decades to come.

Original Story by: Asian Gaming Brief