Suntrust is 51-percent owned by a local unit of Hong Kong-listed Suncity Holdings.
Suntrust entered into a co-development agreement with Westside City Resorts World in October 2019 under which it agreed to finance the development and construction costs for the resort and would be appointed as the exclusive operator and manager of the operations.
The group announced in November that it was extending the deadline for completion out to 2024, from 2023, due to the impact of Covid.
The Westside City project will be located in Entertainment City, and will include a 5-star hotel with at least 400 rooms, a casino with 400 gaming tables and 1,200 slot machines for both mass and VIP markets, and a 960 space parking lot.
It’s the first foray into the Philippines for Hong Kong-listed Suncity, which has been aggressively diversifying its business.