Philippines listed Suntrust Resort Holdings Inc. has appointed two new directors to its board, signalling a renewed push to complete its long delayed Westside City integrated resort in Parañaque’s Entertainment City.
The appointments of Yip Ho Chi and Lam Hung Tuan took effect on December 26, 2025, following the resignations of two previous members. The leadership shake up comes as the company targets a third quarter 2026 opening for the $1.25 billion resort complex.
Financial Expertise to Lead the Charge
Yip Ho Chi, 56, steps into the role with extensive experience in high stakes financial management. Currently serving as Suntrust’s CFO, Yip brings over two decades of expertise in managing finances for Hong Kong listed firms, including previous roles at MelcoLot Limited (now Crypto Flow Technology) and Sandmartin International Holdings.
A fellow of the Hong Kong Institute of Certified Public Accountants, his background in IPOs and corporate structuring will be pivotal as Suntrust manages the capital infusion required for the project’s final phases.
Technological Innovation and Operations
Complementing Yip’s financial acumen is Lam Hung Tuan, a veteran with 48 years of professional experience, including significant tenure in gaming technology. Formerly with LET Group Holding Ltd and Hoi An South Development Ltd, Lam’s expertise lies in IT infrastructure for gaming environments.
His appointment suggests a focus on integrating state of the art systems from security to player management ensuring Westside City launches as a modern, tech forward destination.
Project Momentum and Investment
The board restructure aligns with renewed financial commitment to the project. In September, it was reported that partners, including Alliance Global Group Inc., plan to inject up to $450 million to ensure the resort’s completion. With a fresh leadership team combining financial rigor and operational tech savvy, Suntrust aims to overcome past delays and finally deliver on its promise to the Philippine gaming market.
