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Suntrust secures $38M loan for development of Westside City ProjectÂ
Philippines gaming operator Suntrust Resort Holdings has secured a $38 million loan from LET Group to ‘fund project costs and the construction of its Westside City Project hotel and casino.
Suntrust Resort Holdings narrows loss by 41 percent, still on schedule for Westside City
Philippines Stock Exchange-listed Suntrust Resort Holdings, subsidiary of the LET Group, has announced a narrowing of its net loss in 3Q23, to PHP414.48 million ($7.43 million), down 41 percent annually.
Suntrust starts employee recruitment process for Manila casino
Russian casino operator Summit Ascent’s Philippine-based fellow subsidiary Suntrust Resort Holdings is ‘starting the employee recruitment process for the Main Hotel Casino’s operations team.’ The information was shared through Wednesday’s filing.
LET-controlled Suntrust loss narrows to $2.9 million in 2Q23
The controlling shareholder of the Philippine Stock Exchange-listed Suntrust Resort Holdings, LET Group Holdings (formerly known as Suncity Group Holdings), has announced that its subsidiary recorded a PHP 164.1 million ($2.9 million) loss in the second quarter of the year.
Summit Ascent providing $246 million to PH-based Suntrust
Russian casino operator Summit Ascent, a subsidiary of the LET Group (formerly known as Suncity), has announced that it has entered into a new share agreement with its Philippine partner-company Suntrust Resort Holdings for some PHP13.51 billion ($246.85 million).
Suntrust Resort Holdings confirms no delay in Manila hotel and casino project
The controlling shareholder of Philippine Stock Exchange-listed Suntrust Resort Holdings, LET Group Holdings, has confirmed that there is no delay with its Manila hotel and casino project, scheduled to open in 2024.
LET-controlled Suntrust Resort Holdings sees $4.43mln loss in 3Q22
The controlling shareholder of Philippine Stock Exchange-listed Suntrust Resort Holdings, LET Group Holdings (formerly known as Suncity Group Holdings), has announced its subsidiary recorded a PHP254 million ($4.43 million) loss in the third quarter of the year.
Suntrust Resort widen the net loss in 2Q22 to $5m
Philippines-headquartered Suntrust Resort Holdings reported a net loss of PHP255 million ($5 million) in the second quarter of 2022, almost two and a half times on a year-on-year basis, as compared to PHP74 million ($1.3 million) during the same quarter in the previous year.
Suntrust Home Developers confirms Westside City to open in 2024
Suntrust Home Developers has confirmed the timeline for construction of its Westside City project, saying the main hotel is under construction and is expected to open in 2024.
Suntrust says Chau’s arrest has no impact on Westside City project
Suntrust Home Developers said the arrest of Suncity CEO Alvin Chau is not expected to have a direct impact on its business and will not affect the timeline for construction of its Westside City Project in Entertainment City, Manila.
