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.

The rebranded Hann Casino Resort reopened in December last year, and in March it rolled out the Philippines first Swissotel. The property is located in the Clark Freeport Zone, a former U.S. military facility, while the Han Lux is on 450 hectares in New Clark City. It has 800 slot machines, 88 electronic table games and will have 865 hotel rooms. At present 763 are open with 102 Swissotel suites in the works.

Source: https://agbrief.com/intelligence/28/06/2022/hann-sees-strong-recovery-plans-1b-more-in-investments/