Your Daily Asia Gaming eBrief: Hann Resorts already planning expansion

Tuesday 28th of June 2022

Good Morning. The revamped and rebranded Hann Resorts opened its doors to the public in late 2020 in the Philippines’ Clark Freeport Zone. In today’s ASEAN Countdown, we hear from Chairman and CEO Daesik Han who tells us he has seen strong pent-up demand. The entrepreneur plans to invest a further $1 billion over the next five years to add more golf courses and hotels in the area and to expand the casino. He sees a bright future for the Clark casino cluster.

What you need to know

SJM Holdings’ credit rating has been confirmed at its current level after refinancing its loans, but the outlook was cut to negative by Moody’s.
The New Zealand government said it has invested $76 million on a strategy to minimize harm from gambling.
Star Entertainment was accused of having broken NSW Unlawful Gambling Act by allowing Suncity Holdings to operate a casino in its casino.
Macau’s Covid cases have risen to 357 and the gaming regulator has urged casinos to restrict the movement of people and to increase controls.

On the radar

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AGB Intelligence

ASEAN 2022 COUNTDOWN

Hann sees strong recovery, plans $1b more in investments

Daesik Han, Chairman and CEO of Hann Philippines, said he plans to spend a further $1 billion over the next five years, adding a larger casino and more hotels and golf courses at his properties. Hann, which was formerly known as the Widus Group, unveiled its plans to revamp the Widus Resort and for a new lifestyle brand, Hann Lux Lifestyle Resort, in 2020, with an initial investment of about P20 billion.