Suncity Group Holdings is excited and anxious to get its next pet project in the Philippines underway.
They are going to build a new casino resort in the Westside City Project in Manila Casino Resort and its lock on a 45-year contract to operate the property gives it a huge boost of security.
Suncity Group regularly keeps the industry abreast of what’s going on with the progress of the resort and has just given its latest. They chose Megawide Construction Corp. to manage the construction and development of the site.
Megawide made two agreements for the project, according to a Suncity filing with the Hong Kong Stock Exchange. The first will see the construction giant be in charge of the construction of the basement, podium and tower of the resort’s main hotel and casino.
The second will cover excavation, pile cap, which forms part of a deep foundation and is often used when the ground under the construction site is soft, and lateral support construction. This agreement is worth $47 million (HK$364.3 million), bringing the total benefit to Megawide to around $130 million (HK$1 billion).
Megawide is set to get a huge chunk of change this holiday season.
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