Suntrust Resort Holdings Inc., an affiliate of Andrew Tan’s Megaworld Corp., on Thursday said its board approved a USD17-million loan agreement to finance The Main Hotel and Casino project at the Entertainment City.
The 10-year loan will be provided by LET Group Holdings Ltd., a Hong Kong-listed investment firm specializing in property development and management and the majority shareholder in Suntrust.
The Main Hotel and Casino project is part of Suntrust’s USD1-billion Westside City development, which will be the fourth integrated resort in Entertainment City. This special economic zone, designated by the government for gaming and entertainment, already hosts prominent establishments like Solaire Resort & Casino, City of Dreams Manila, and Okada Manila.
The Main Hotel and Casino is expected to open in the first quarter of 2025.
Suntrust’s development will feature 475 luxury hotel rooms and suites, along with theaters seating 1,000 and 800 guests respectively. The casino component is set to include 281 gaming tables, 1,126 slot machines, and 134 electronic table games.
This project underscores Suntrust’s commitment to expanding its presence in Entertainment City, contributing to the area’s stature as a premier destination for gaming and hospitality in the Philippines.
