Hann Holdings Inc. received approval from the Philippine Securities and Exchange Commission (SEC) to launch its long-awaited IPO. The company, known for developing Clark’s upscale Hann Casino Resort, now moves forward with its public offering.
Hann aims to raise between ₱11 billion and ₱13 billion through the listing. The offering includes 500 million primary shares and 50 million secondary shares. Each share comes with a price tag of up to ₱23.60. As a result, the company targets a total raise of around ₱12.98 billion.
Hann will list its shares on the Philippine Stock Exchange. Trading will begin around September 23, marking a major milestone in its expansion journey.
Hann Philippines currently operates the 11-hectare Hann Casino Resort in the Clark Freeport Zone. At the same time, it leads the large-scale Hann Reserve project in New Clark City, Tarlac.
The first phase of Hann Reserve features a golf course designed by Nick Faldo. The company plans to open it by year-end. In the coming years, Hann will roll out branded hotels, villas, and residences. It will also develop a commercial center and an international school within the same site.
Hann plans to use IPO proceeds to expand both projects. Specifically, it will fund additional infrastructure at Hann Casino Resort and accelerate work at Hann Reserve.
Chairman and CEO Dae Sik Han highlighted the company’s “very strong first-mover advantage” in Clark. He reaffirmed Hann’s commitment to long-term growth and bold development plans.
Besides the golf course, Hann will open an InterContinental hotel by 2029. Moreover, the company will add a Novotel property to the current casino complex.
Hann Casino Resort opened in December 2021 after rebranding the former Widus Hotel & Casino. Since then, the resort has grown significantly.
It now offers over 600 rooms across global brands like Swissôtel and Clark Marriott. Guests can enjoy 200 gaming tables and more than 1,000 slot machines.
In addition, the resort features two VIP gaming areas for premium players. Hann continues to expand the complex, adding hundreds of tables, slots, restaurants, and dining outlets.
Furthermore, Hann is scaling up its digital footprint through Hann Live Online. This online platform already hosts over 100 number-generator games.
By the end of 2025, Hann plans to grow the offering to 500 e-games. The company may partner with a global gaming entertainment brand to achieve this goal.
