Your Daily Asia Gaming eBrief: Daesik Han investing billions in Clark

Wednesday 26th of April 2023

Good Morning. Build it and they will come. Such has been Daesik Han's vision for Clark, and it appears to be paying off. With up to $4 billion planned for Hann Reserve's ramp up over the next decade, Han is targeting a niche: golf VIPs with deep pockets. In Macau, labor shortages continue to plague the sector, with the Raffles Hotel opening delayed. The city is still expecting a massive influx of tourists over the Labor Day holiday, with plans for 70,000 visitors daily.

What you need to know

Daesik Han outlines his vision for Clark, targeting top golf VIPs for the multi-billion dollar Hann Reserve.
The opening of Raffles Hotel at Galaxy Macau has been delayed, as the operator continues to battle labor shortages.
Macau is expecting over 70,000 daily tourists over the Labor Day holiday, as border restrictions are eased.

On the radar

Sarawak minister okays casino idea for Borneo Highlands.
China’s outbound travel demand to exceed 2019 levels on Labor Day.
Sri Lanka gov’t: 43 percent rise in betting and gaming levy in 1Q23.
American gaming executives have “good outlook”: AGA.

AGB Intelligence

PHILIPPINES

Daesik Han, Hann Resorts, Building a millionaire’s paradise in Clark, asia gaming ebrief

Billions to be invested in Clark: Daesik Han

Hann Resorts Chairman and CEO, Daesik Han sits down for a special fireside chat with IGamiX Managing Partner Ben Lee. Han explores the huge growth the company has witnessed within Clark, with over $600 million spent on Hann Casino Resort and up to $4 billion planned for golf-centric mega-project Hann Reserve. Targeting top golf VIPs and going for premium mass, alongside top brands for diverse experiences is key for the group's success, notes the businessman.