Hann expanding online gaming, not just brick-and-mortar business
Hann Holdings Inc., which will potentially launch the country’s third initial public offering (IPO) this year, plans to expand its integrated casino in Pampanga, betting on increased gaming activity and tourism to drive growth.
In its May 30 preliminary prospectus obtained by the Inquirer, Hann said it was planning to raise up to P13 billion from its September IPO, which will cover up to 500 million primary common shares and 50 million secondary shares at as much as P23.60 each.
A total of P7.16 billion, or 62.7 percent of the total maximum amount, will be used to bankroll its expansion plans.
This includes the second phase of the 455.6-hectare Hann Reserve, a mixed-use development in New Clark City, and a new two-story facility adjacent to the existing Hann Casino in Clark Freeport Zone.
“We believe that Hann Reserve would be the first of its kind in the Philippines, a unique development which features, among other facilities, three designer 18-hole championship golf courses and branded residences,” Hann said in its prospectus.
The company led by South Korean businessman Han Dae-sik noted that the first phase of the project, which had broken ground in 2022, was on track for completion in 2027.
More hotels, betting space
For its second phase, Hann Reserve will house several luxury hotel brands, including Sofitel (300 rooms), Westin (200 rooms), The Luxury Collection (50 rooms), Emblems (200 rooms) and SO (300 rooms), among others. Construction is expected to begin in 2028.
As for the two-story facility near Hann Casino, it will have an aggregate gaming area of 3,225 square meters (sq m) and add 62 gaming tables, 558 slot machines and 26 electronic table games to Hann’s existing capacity. The first level is scheduled for completion in March 2026.
Likewise, Hann said it was in “active discussions” to develop a 7,537 sq m gaming and hospitality project, which includes two branded residential towers. This is expected to be fully operational by 2028.
Recognizing the surge in popularity of online gaming, Hann also plans to expand its portfolio of electronic casino offerings to 500 games by the end of 2025 from 103 currently.
Hann aims to offer the shares from Sept. 9 to Sept. 15, and list on the main board of the Philippine Stock Exchange on Sept. 19 under the ticker “HANN.”
If its application is approved, Hann will be the third company to debut on the local bourse this year after Top Line Business Development Corp. and Maynilad Water Services Inc.
