ADVERTISEMENT
Manila Bulletin devider Business devider The Stock Market devider Suntrust invests ₱3.2 billion for minority stake in Westside casino

Suntrust invests ₱3.2 billion for minority stake in Westside casino

Published Sep 4, 2025 11:35 am
While Andrew Tan’s Travellers International Hotel Group Inc. (TIHGI) is taking majority control over the development of the $1.25-billion Westside Integrated Resort, its foreign-controlled partner Suntrust Resort Holdings Inc. is still infusing ₱3.2 billion into the project in line with its 20-percent stake.
Suntrust informed the Philippine Stock Exchange (PSE) that it has subscribed to 400 million shares of TIHGI’s subsidiary Westside Bayshore Holdings Corp. (WBHC) for ₱8 per share, consisting of the ₱1 par value plus an additional paid-in capital of ₱7 per share.
“The acquisition forms part of Suntrust’s broader corporate restructuring plan, which involves shifting its strategic focus toward holding investments in the tourism and gaming sectors,” the company said.
It explained that Suntrust’s acquisition of 40 percent of WBHC is pursuant to a strategic working agreement with TIHGI, Westside City Inc., and Entertainment City Resorts Corp. (ECRC).
The agreement was made to expedite the completion of the now-expanded Westside Integrated Resort Project, located in Entertainment City, Parañaque City.
Through this acquisition, Suntrust will effectively hold an indirect interest in ECRC, a subsidiary of WBHC, which assumed all rights and obligations related to Westside Integrated Resort (IR) Project to ensure its timely construction, development, completion and operation.
In a previous disclosure, Suntrust said it will effectively hold a 20-percent indirect interest in ECRC, so as “to ensure the timely construction, development, completion and operation of the Westside IR Project, ECRC will assume all rights and obligations related to the project.”
TIHGI said the Westside project is now moving at full speed with Executive Chairman Kevin L. Tan steering its completion.
The IR, supported by TIHGI and executed through ECRC, is on track to open by the third quarter of 2026.
The project brings together a comprehensive mix of hospitality, gaming, retail, and entertainment offerings.
It will feature over 2,500 hotel room keys across three hotel brands, more than 2,000 gaming machines and tables, and a dynamic lineup of dining and lifestyle concepts. This integrated footprint is one of the most ambitious in the country’s growing tourism portfolio.
At the heart of Westside City is a theater district, with four premier venues set to position the Philippines as the Broadway of Asia. The Grand Opera House will serve as the development’s crown jewel, envisioned as a national stage for the best of Filipino and global productions.
Apollo Theater will be the first to welcome audiences upon the resort’s opening in 2026. These investments bring to life the vision first championed by founder Dr. Andrew L. Tan and now carried forward by his eldest son Kevin, to establish the Philippines as the Broadway of Asia.
“Westside City is more than a destination—it’s a commitment to Filipino talent and world-class entertainment. Our vision is to create a global stage that celebrates local excellence, drives tourism, and redefines how the world experiences the Philippines,” said Tan.
The project is being implemented through a strategic working agreement among TIHGI, Suntrust, and affiliated entities. Under this structure, TIHGI holds a majority stake in WBHC, while Suntrust holds a minority interest.
WBHC owns ECRC, which assumes full operational responsibility for the construction, development, and long-term management of the integrated resort.
This upcoming destination builds on the experience and legacy of TIHGI, which also developed Newport World Resorts, the country’s pioneering IR.
The expansion reinforces TIHGI’s commitment to shaping world-class destinations that strengthen tourism, fuel creative and cultural industries, generate employment and contribute to sustainable economic growth.

Related Tags

Travellers International Hotel Group Inc. Suntrust Resort Holdings Inc. Westside Integrated Resort
ADVERTISEMENT
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1561_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1562_widget.title }}

{{ item.title }}
.most-popular .layout-ratio{ padding-bottom: 79.13%; } @media (min-width: 768px) and (max-width: 1024px) { .widget-title { font-size: 15px !important; } }

{{ articles_filter_1563_widget.title }}

{{ item.title }}

{{ articles_filter_1564_widget.title }}

{{ item.title }}
.mb-article-details { position: relative; } .mb-article-details .article-body-preview, .mb-article-details .article-body-summary{ font-size: 17px; line-height: 30px; font-family: "Libre Caslon Text", serif; color: #000; } .mb-article-details .article-body-preview iframe , .mb-article-details .article-body-summary iframe{ width: 100%; margin: auto; } .read-more-background { background: linear-gradient(180deg, color(display-p3 1.000 1.000 1.000 / 0) 13.75%, color(display-p3 1.000 1.000 1.000 / 0.8) 30.79%, color(display-p3 1.000 1.000 1.000) 72.5%); position: absolute; height: 200px; width: 100%; bottom: 0; display: flex; justify-content: center; align-items: center; padding: 0; } .read-more-background a{ color: #000; } .read-more-btn { padding: 17px 45px; font-family: Inter; font-weight: 700; font-size: 18px; line-height: 16px; text-align: center; vertical-align: middle; border: 1px solid black; background-color: white; } .hidden { display: none; }
function initializeAllSwipers() { // Get all hidden inputs with cms_article_id document.querySelectorAll('[id^="cms_article_id_"]').forEach(function (input) { const cmsArticleId = input.value; const articleSelector = '#article-' + cmsArticleId + ' .body_images'; const swiperElement = document.querySelector(articleSelector); if (swiperElement && !swiperElement.classList.contains('swiper-initialized')) { new Swiper(articleSelector, { loop: true, pagination: false, navigation: { nextEl: '#article-' + cmsArticleId + ' .swiper-button-next', prevEl: '#article-' + cmsArticleId + ' .swiper-button-prev', }, }); } }); } setTimeout(initializeAllSwipers, 3000); const intersectionObserver = new IntersectionObserver( (entries) => { entries.forEach((entry) => { if (entry.isIntersecting) { const newUrl = entry.target.getAttribute("data-url"); if (newUrl) { history.pushState(null, null, newUrl); let article = entry.target; // Extract metadata const author = article.querySelector('.author-section').textContent.replace('By', '').trim(); const section = article.querySelector('.section-info ').textContent.replace(' ', ' '); const title = article.querySelector('.article-title h1').textContent; // Parse URL for Chartbeat path format const parsedUrl = new URL(newUrl, window.location.origin); const cleanUrl = parsedUrl.host + parsedUrl.pathname; // Update Chartbeat configuration if (typeof window._sf_async_config !== 'undefined') { window._sf_async_config.path = cleanUrl; window._sf_async_config.sections = section; window._sf_async_config.authors = author; } // Track virtual page view with Chartbeat if (typeof pSUPERFLY !== 'undefined' && typeof pSUPERFLY.virtualPage === 'function') { try { pSUPERFLY.virtualPage({ path: cleanUrl, title: title, sections: section, authors: author }); } catch (error) { console.error('ping error', error); } } // Optional: Update document title if (title && title !== document.title) { document.title = title; } } } }); }, { threshold: 0.1 } ); function showArticleBody(button) { const article = button.closest("article"); const summary = article.querySelector(".article-body-summary"); const body = article.querySelector(".article-body-preview"); const readMoreSection = article.querySelector(".read-more-background"); // Hide summary and read-more section summary.style.display = "none"; readMoreSection.style.display = "none"; // Show the full article body body.classList.remove("hidden"); } document.addEventListener("DOMContentLoaded", () => { let loadCount = 0; // Track how many times articles are loaded const offset = [1, 2, 3, 4, 5, 6, 7, 8, 9, 10]; // Offset values const currentUrl = window.location.pathname.substring(1); let isLoading = false; // Prevent multiple calls if (!currentUrl) { console.log("Current URL is invalid."); return; } const sentinel = document.getElementById("load-more-sentinel"); if (!sentinel) { console.log("Sentinel element not found."); return; } function isSentinelVisible() { const rect = sentinel.getBoundingClientRect(); return ( rect.top < window.innerHeight && rect.bottom >= 0 ); } function onScroll() { if (isLoading) return; if (isSentinelVisible()) { if (loadCount >= offset.length) { console.log("Maximum load attempts reached."); window.removeEventListener("scroll", onScroll); return; } isLoading = true; const currentOffset = offset[loadCount]; window.loadMoreItems().then(() => { let article = document.querySelector('#widget_1690 > div:nth-last-of-type(2) article'); intersectionObserver.observe(article) loadCount++; }).catch(error => { console.error("Error loading more items:", error); }).finally(() => { isLoading = false; }); } } window.addEventListener("scroll", onScroll); });
Join Our Newsletters

Sign up by email to receive news.

© 2025 Manila Bulletin The Nation's Leading Newspaper. All Rights Reserved.