SunTrust Resorts Holdings said it expects to open operations "in the first quarter of 2025" at its "main hotel casino" in Westside City, the Philippine capital Manila.
The information was in a filing with the Philippine Stock Exchange on Monday.
In an August update on the construction progress of the complex housing hotel casinos (an artist's rendering photo), the company noted that gaming and hotel operations could begin in the fourth quarter of this year.
In a recent filing, Suntrust said: "Building contractors and fitting works and external civil works are underway.
"Management aims to begin establishing five-star hotels and casinos (main hotel casinos) in the first quarter of 2025."
The company said the rescue work up to roof height and tower facades have been completed, with the exception of the facade in the middle part of the "Skybridge" as of Dec. 31, 2023.
Suntrust reported a loss of $337.03 million ($5.98 million) for PHP in its full-year 2023 filing, down sharply from a loss of nearly $668.92 million for PHP registered in 2022.
SunTrust is indirectly controlled by casino investor Hong Kong-listed LET Group Holdings Ltd., a company chaired by businessman Andrew Locai Bong.
Hong Kong-listed Summit Ascent Holdings, another company managed by LET Group, noted in a September filing that SunTrust has begun recruiting staff to run hotel casinos in Westside City.
Summit Accent operates the Tigred Crystal Hotel and gaming business in the integrated entertainment zone of the Primorsky Krai near Vladivostok, Russian Federation.
Summit Ascension and LET Group said last week they each expected to post losses in 2023.
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