Suntrust Resort Holdings Inc., the gaming operator behind the $1.1 billion Westside City integrated resort in Metro Manila, has confirmed that despite an accumulated deficit of PHP 4.76 billion (approximately US$ 85.2 million) as of June 30, 2025, its financial footing remains stable. In its recent quarterly filing with the Philippine Stock Exchange, the company explicitly ruled out any material uncertainty regarding its going‑concern status, citing ongoing progress and expected future revenue once its resort is completed.
Thailand’s suspended Prime Minister, Paetongtarn Shinawatra, recently took the stand in court ahead of a crucial August 29, 2025 verdict—a hearing that could determine her political future. The case stems from a controversial phone call with Cambodian Senate President Hun Sen, which was leaked and sparked allegations that she betrayed national interests and breached ethical duties. This scandal led to her suspension by Thailand’s Constitutional Court.
Wynn Macau Ltd has announced plans to redeem in full the US $1.0 billion in 5.500% senior notes originally due in 2026, setting September 2, 2025, as the redemption date. On that day, the company will retire the outstanding notes and apply to the Hong Kong Stock Exchange to have them formally delisted.
A February 26, 2025 auction marked a turning point for the long-delayed Imperial Pacific International (IPI) casino project in Saipan, as locally chartered Team King Investment (CNMI) LLC emerged with the winning ¥ US$12.95 million bid. This offer includes not only the unfinished hotel-casino structure but also the option to acquire IPI’s casino license and shoulder certain liabilities linked to the bankrupt Hong Kong-based operator.
Nestled in the rugged landscapes of Gangwon Province, former coal-mining haven Kangwon Land is redefining itself—not just as South Korea's sole casino accessible to locals, but as a forward-thinking, sustainable resort aimed at balancing profit, community, and environmental well-being. The company is transforming its vision—guided by its leadership—into meaningful action.
Author: Janice Chew • Friday, 22/08/2025
