The development of a $1.1 billion Manila hotel and casino, under the control of Hong Kong-listed LET Group (formerly Suncity Group), is undergoing significant progress but faces delays, according to the latest Annual Report of Suntrust Resort Holdings Inc. Originally scheduled for completion by the end of the current year, the opening is now anticipated for early 2025.
Project Overview
Situated within Manila’s Entertainment City, part of the Westside City development, this integrated resort promises to be a lavish destination. The complex will boast 281 gaming tables, 1,126 slot machines, and 134 electronic table games, alongside 475 luxury hotel rooms, expansive leisure facilities including a pool deck and spa, and entertainment venues such as theaters and a grand opera house. Additionally, amenities like a food mall and cinemas will cater to diverse interests.
Construction Progress
As of December 31, 2023, substantial milestones have been achieved. The structural works and construction of the tower facade up to the roof level have been completed. Furthermore, the installation of major mechanical, electrical, and plumbing equipment is underway. Architectural detailing and fit-out works are also in progress, indicating the advanced stage of construction.
Timeline Adjustments
Management has revised the timeline, targeting the commencement of operations in the first quarter of 2025. This represents a delay of approximately three months from the initial projection. Despite setbacks, the project remains on track, with key construction elements nearing completion.
Key Personnel
Noteworthy appointments within Suntrust’s gaming leadership, including Damian Quayle and Kevin Forde, underscore the project’s strategic management approach. Damian Quayle, previously Chief Operating Officer at Australia’s Star Entertainment, served as Executive Vice President of Operations, bringing substantial expertise to the table.
Future Outlook
Looking ahead, the Manila hotel and casino development holds significant promise as a premier entertainment and hospitality hub in the region. The extended timeline underscores the complexity of large-scale projects in the gaming and leisure sector. As construction advances and operational preparations intensify, the industry eagerly anticipates the grand opening of this iconic destination.
While facing delays, the Manila hotel and casino development spearheaded by LET Group promises to redefine the entertainment landscape in the Philippines. The project’s scale and ambition, coupled with strategic appointments and meticulous construction progress, highlight its potential as a landmark venture. As stakeholders navigate challenges, the vision of a world-class integrated resort takes shape, poised to captivate visitors upon its anticipated opening in early 2025.