Philippine casino operator Hann Resorts Inc is looking to raise around US$200 million by way of an initial public offering, multiple media outlets are reporting.
According to global news outlet Bloomberg, which cited people familiar with the matter, Hann has already engaged investment banks for a potential share sale within this year, depending on market conditions.
Inside Asian Gaming understands Hann is looking at the Hong Kong Stock Exchange as a possible destination – part of the company’s long-term plans to expand its Philippines footprint. Hann previously confirmed to IAG that it was considering an IPO.
Hann operates local market leader Hann Casino Resort and the attached Widus hotel complex in Clark – two hours north of Manila – and is currently developing an uber-luxury golf, gaming and leisure resort called Hann Reserve on 450 hectares of land in nearby New Clark City.
Due to open in 2026, Hann Reserve will once complete feature exclusive PGA-affiliated player development facilities alongside three 18-hole championship golf courses, clubhouses, a mixed-use commercial center, premium villas and residences, a 10-hectare public park and a collection of luxury resorts.
RelatedPosts
