The Securities and Exchange Commission (SEC) has approved the planned ₱13-billion initial public offering (IPO) of Hann Holdings Inc., the owner and developer of the integrated resort (IR) brand Hann Resort.

In its meeting on July 17, the Commission En Banc resolved to render effective the registration statement of Hann Holdings covering up to 2.5 million common shares, subject to the company’s compliance with certain remaining requirements.

Hann Holdings will offer to the public up to 500 million primary firm offer shares priced at up to ₱23.60 each. It also has an overallotment option of up to 50 million shares to be offered at the same price by the company’s selling shareholder, Hann Group Holdings W.L.L.

The offer period will run from Sept. 9 to 15, in time for listing on the main board of the Philippine Stock Exchange (PSE) on Sept. 23, according to the latest timetable submitted to the SEC.

The company is expected to net up to ₱11.43 billion from the primary offer, which will be used for capital expenditures (capex) to fund development and expansion plans, and general corporate purposes of its wholly owned subsidiary, Hann Philippines Inc.

Hann Holdings, through its subsidiary Hann Philippines, operates Hann Casino Resort, a luxury gaming and hospitality complex in Clark Freeport Zone.

The firm said it intends to further strengthen its leading position in Clark through the continued expansion and diversification of its integrated casino and resort.

As part of Hann’s ongoing initiatives to diversify its offerings, it is in the process of developing and constructing facilities to accommodate additional gaming capacity, food and beverage (F&B) and entertainment space; and developing a retail wing featuring distinguished brands and diverse dining options.

“We believe that the diversification of our services will allow us to attract a broad mix of gaming and non-gaming patrons,” the firm said.

Hann is constructing a two-level facility with an aggregate gaming area of 3,225 square meters (sqm), adjacent to its existing gaming facility. This expansion will comprise gaming floors, F&B offerings and a parking structure to increase gaming capacity with an additional 62 table games, 558 slot machines, and 26 electronic table games.

The first level of the expansion will be operational by October 2025 and to be fully operational by March 2026 and will significantly increase gaming capacity by approximately 43.8 percent.

“We are also in active discussions to construct and develop another gaming and hospitality facility, the Branded Residences and Casino (BRC) Expansion. We intend to develop an additional gaming facility with an aggregate gaming area of 7,537 sqm, increasing our overall gaming capacity.

“The BRC Expansion will include two branded residential towers with approximately 1,392 units; 3,247 sqm of function rooms; and various new F&B options. We expect that the expansion will be fully operational by the end of 2028,” Hann Holdings said.

The firm is also in the final stages of development of a shopping complex, the 8th Avenue Lifestyle Mall which will occupy approximately 3,514 sqm of gross leasable area (GLA), consisting of 19 active retail spaces to be completed and fully operational by October 2025.

Hann Holdings said it will also diversify its gaming business through differentiated online gaming offerings.

“We intend to increase our market penetration by capturing the upward trend in the online gaming market in the Philippines. We continue to actively explore business opportunities for the integration of online gaming services into our business model, which will enable us to provide our existing patrons with alternative gaming platforms that are leading the gaming landscape,” it noted.

The firm has started the rollout of online gaming to its patrons through a unified platform, Hann Live Online, which as of March 31, 2025, hosts 103 random number generator games.

This initiative facilitates player access to a wide selection of games via internet-based platforms which has already been implemented in 2024 and the first quarter of 2025.

“We intend to expand our portfolio of e-casino games to approximately 500 games by end of 2025. As we diversify our gaming services, we will continue to enhance our technology and research and development (R&D) capabilities to support our venture into online gaming.

“As part of our expansion initiatives into the online gaming space, we intend to partner with a global entertainment and gaming company to roll out our online gaming initiatives.

“We intend to redefine the gaming landscape by offering a blend of brick-and-mortar gaming and online gaming. To facilitate this, we will integrate the remote gaming in the Hann Live Online platform,” the company said.

Last year, Hann Holdings announced that it is allocating ₱17 billion for the development of the first phase of the ambitious 450-hectare (ha) Hann Reserve in New Clark City.

Hann Reserve is poised to be the landmark development in New Clark City and will feature three Professional Golfers’ Association of America (PGA) affiliated championship golf courses.

KJ Choi, Nicklaus Design, and Nick Faldo will design these. The courses will also have state-of-the-art player development facilities designed to cater to both avid golfers and leisure seekers alike.

The resort also features a lineup of luxury accommodations, some of which are entering the Philippine market for the first time. These include Banyan Tree, Sofitel, and Emblems under Accor; and The Luxury Collection and The Westin under Marriott International.