{"id":777020964,"date":"2024-11-25T09:03:52","date_gmt":"2024-11-25T12:03:52","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777020964"},"modified":"2026-04-22T03:54:43","modified_gmt":"2026-04-22T06:54:43","slug":"hann-philippines-hann-casino-resort-expansion-completion-targeted-for-2026","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/hann-philippines-hann-casino-resort-expansion-completion-targeted-for-2026","title":{"rendered":"Hann Philippines’ Hann Casino Resort expansion completion targeted for 2026"},"content":{"rendered":"\n

The expansion includes new space for both gaming and non-gaming activities.<\/p>\n\n\n\n\n\n\n\n

The Philippines.- Hann Philippines<\/strong> has announced its plans to expand its Hann Casino Resort<\/strong> in Clark Freeport Zone. It will add 22,113 square metres to the integrated resort (IR)<\/strong>. Some 5,093 square metres will be dedicated to gaming, with the ground floor hosting over 60 additional gaming tables<\/strong>. The second floor will feature over 500 new slot machines and a private gaming area<\/strong>.<\/p>\n\n\n\n

The project will also add new dining options<\/strong>, including fine dining restaurants offering Korean, Japanese, and Chinese cuisine, and a casual dining venue with an East Asian menu. A central coffee and tea lounge said to be inspired by the Silk Road will transform into a cocktail and wine lounge during the evenings.<\/p>\n\n\n\n

The company said the first phase of the expansion project was slated for completion by the fourth quarter of 2025, with full completion targeted for the first quarter of 2026. “The positive outlook for tourism and gaming in the region are significant indicators to proceed with an expansion plan that will address current market demands and introduce new concepts that will excite our discerning markets and lifestyle seekers,” the company said.<\/p>\n\n\n\n

To pay for the development, Hann Philippines has secured a PHP6bn (US$105.6m) loan<\/strong> from Asia United Bank Corporation (AUB) and Union Bank (UB) of the Philippines.<\/p>\n\n\n\n

See also: <\/strong>Hann Resorts signs franchise agreement for InterContinental hotel in the Philippines<\/a><\/p>\n\n\n\n

Ernesto Uy<\/strong>, executive vice president of Asia United Bank Corporation, said: “Hann Philippines has consistently demonstrated its commitment to innovation and growth. We are proud to support this expansion project and look forward to our continued partnership.”<\/p>\n\n\n\n

Antonino A.S. Fajardo<\/strong>, executive vice president of Union Bank of the Philippines, added, “Hann Philippines has established itself as a leader in the industry and is committed to differentiated products and superb customer experience. They already have a large economic footprint in Clark, and this expansion further affirms their long-term vision and strategy.”<\/p>\n\n\n\n

Dae Sik Han<\/strong>, chairman and CEO of Hann Philippines expressed his appreciation to his partners, \u201cI extend my heartfelt gratitude to our bank partners for their unwavering trust and support for Hann Philippines. Together, we are creating a vibrant future not just for our company but for the region\u2019s tourism and economic development.\u201d <\/p>\n\n\n\n

Philippine GGR up 37.5% for Q3<\/h2>\n\n\n\n

Gross gaming revenue<\/strong> from the Philippine casino sector in the third quarter of the year was PHP94.61bn (US$1.61bn)<\/strong>. That\u2019s an increase of 37.5 per cent year-on-year and 6 per cent sequentially from PHP89.23bn (US$1.56bn) in the second quarter of the year<\/a>.<\/p>\n\n\n\n

According to the Philippine Amusement and Gaming Corp (PAGCOR), the largest growth was seen in the eGames sector, where revenue rose by 464.38 per cent year-over-year to PHP35.71bn. Private casino resorts, including those\u00a0in\u00a0Manila\u2019s\u00a0Entertainment City, continue to be the\u00a0biggest\u00a0contributors. They generated PHP50.72bn, a decline of 2.3 per cent year-on-year but a rise of 2 per cent sequentially. Revenue from PAGCOR-operated casinos reached PHP3.64bn, down 26.3 per cent from a year earlier and 22.4\u00a0sequentially.<\/p>\n","protected":false},"excerpt":{"rendered":"

The expansion includes new space for both gaming and non-gaming activities.<\/p>\n","protected":false},"author":176,"featured_media":17179,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Hann Philippines is expanding its Hann Casino Resort in Clark Freeport Zone, adding over 22,000 square meters, including 5,093 square meters for new gaming facilities and diverse dining options. The PHP6bn (US$105.6m) development, financed by Asia United Bank and Union Bank, is slated for full completion by Q1 2026, driven by a positive regional tourism and gaming outlook. This expansion coincides with a 37.5% year-on-year increase in Philippine GGR for Q3, reaching PHP94.61bn, with significant growth in the eGames sector.","focusai_entities":"Hann Philippines, Hann Casino Resort, Asia United Bank Corporation, Union Bank of the Philippines, Philippine Amusement and Gaming Corp, PAGCOR, Ernesto Uy, Antonino A.S. Fajardo, Dae Sik Han, InterContinental hotel","focusai_location":"Philippines, Clark Freeport Zone, Manila","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), marketing_crm (0.7), payments_fraud_aml (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on regional GGR?","query":"How will the increased gaming capacity at Hann Casino Resort, particularly the new tables and slots, specifically contribute to the overall Philippine GGR and market share dynamics upon full completion in Q1 2026?"},{"label":"Financing structure details?","query":"What are the specific terms and covenants of the PHP6bn loan from Asia United Bank and Union Bank, and how does this financing structure impact Hann Philippines' long-term debt-to-equity ratio and capital allocation strategy?"}],"footnotes":""},"categories":[157,16333],"tags":[24057,23907],"class_list":["post-777020964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-hann-casino-resort","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777020964"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020964\/revisions"}],"predecessor-version":[{"id":777020969,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020964\/revisions\/777020969"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17179"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777020964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}