In order to participate in the Westside City Project, SunCity changed its subsidiary’s business nature to tourism. And the request has been approved by the Philippine Securities and Exchange Commission. SunCity is evolving as an integrated resort giant.
SunCity welcomes its new integrated resort member
Over the past ten years, the gaming revenue in the Philippines has grown rapidly. The main gaming revenue of the Philippines has always been derived from Entertainment City. And Westside City Project is located right in the centre of Manila’s Entertainment City. Therefore, it is no doubt that SunCity attaches great importance to this project and is working hard to develop an integrated entertainment resort.
The Westside City Project’s main casino hotel has a total area of over 182,000 square meters and is expected to open in the fourth quarter of 2022. The main casino hotel will include about 400 gaming tables,1200 slot machines, 400 five-star hotel rooms, 960 parking spaces, pool clubs and leisure clubs. After completion, the entertainment infrastructures will become a comprehensive entertainment centre.
Chau Cheok Wa, Chairman of SunCity Group, said: “SunCity has laid a solid development blueprint. I am very proud to see that SunCity Group has realised its milestones one after another. First of all, Hoiana in Vietnam will be in an official trial operation in the summer of 2020. We will upgrade the Tigre De Cristal phase one in Russia. And it will be put into business later in 2020; Now, SunTrust has officially become a listed tourism and integrated resort company in the Philippines. The future development of SunCity will surely have infinite possibilities.”
SunCity and its IR business empire
SunCity is gradually evolving into Asia’s leading integrated resort operator. Started from Macau, SunCity’s footprint has spread all over Asia（Vietnam, the Philippines, Russia, Japan and South Korea.etc）. Hoiana Integrated Resort is the first flagship jointly developed by SunCity and its investment partners. The resort is located in heart of Vietnam, only a 35-minute drive from Da Nang International Airport.
SunCity is also the single major shareholder of Summit Ascent Holdings. The latter has been committed to the development of the Tigre De Cristal in Vladivostok.
Now SunCity, as the controlling shareholder of Suntrust, is going to open a new chapter in the Philippines for its IR business empire.