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GGRAsia – RFP timetable stays for sole bidder Clairvest: Wakayama


Japan’s Wakayama prefecture has confirmed to GGRAsia that it is keeping to its existing timetable for a request-for-proposal (RFP) process regarding hosting a casino resort.
Only one suitor, Clairvest Neem Ventures, a unit of Canada-based private-equity management firm Clairvest Group, is currently in the frame as a commercial partner, after a notice of withdrawal from Suncity Holdings Japan Co Ltd.
The prefecture has no plan to extend the RFP process, it also noted to GGRAsia in an email on Thursday in response to our enquiry.
Wakayama announced in January that it would select its private-sector partner for its wished-for casino resort project – also known in that country as integrated resort (IR) – by “spring” of this year. The opening of any Wakayama IR scheme, if realised, should take place around “spring 2026”. ....

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GGRAsia – Suntrust gets OK for unit handling hotel, tourism biz


The Philippines’ Securities and Exchange Commission (SEC) has certified the incorporation of a subsidiary of Suntrust Home Developers Inc that will handle the group’s hotel and other tourism-related businesses in that country’s capital, Manila.
The subsidiary is called Suncity WC Hotel Inc, according to a Wednesday filing from Philippine-listed Suntrust. Suncity WC Hotel will be responsible for “operating, managing, and/or maintaining hotels, health and wellness shops, cinema, car parks, entertainment centers, amusement centers and other tourism-related facilities,” said the parent company.
Suntrust  is involved in the development of a casino hotel scheme (pictured in artist rendering) at the Westside City Project, located at Entertainment City in Manila. Suntrust is a company controlled by Hong Kong-listed Suncity Group Holdings, the latter controlled by Macau junket boss Alvin Chau Cheok Wa. ....

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