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 $4.5 million loss in the first quarter of the year.

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.

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.

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.

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.

LET Group Holdings, formerly known as Suncity Group Holdings, has provided a $17 million loan to its Philippine Stock Exchange-listed subsidiary Suntrust Resort Holdings to help finance its Westside City Project integrated resort development in Manila.

Suntrust Home Developers Inc, the company behind the Westside Resorts World project in Manila has appointed two high-profile executives to its board of directors. 

Bloomberry Resorts, the operator of Solaire Resorts, plans to open a new casino "Solaire Puerto Azul" in Cavite by 2028, in line with the Philippine government's efforts to expand the country's integrated resort offerings and boost the gaming industry.

Suntrust Resort Holdings, currently developing the Westside City integrated resort project in Entertainment City, Manila, Philippines, has announced a net loss of $9.68 million for the second quarter of this year, a 31 percent decrease compared to 1Q24.

Suntrust Resort Holdings has entered into supply and installation agreements with various contractors for the Westside City project.