Philippines: Hann Holdings Postpones IPO Amid Market Uncertainty
Friday 22 de August 2025 / 12:00
2 minutos de lectura
(Manila).- South Korean-backed casino operator cites prevailing market conditions for delay in public debut.
Hann Holdings Inc., the South Korean-led investment firm behind the Hann Casino Resort in Clark Freeport Zone, Pampanga, has officially postponed its planned ₱13-billion initial public offering (IPO).
A source familiar with the matter confirmed to the Inquirer that the company had submitted formal notices to both the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) regarding the deferment. The move aligns with an earlier Bloomberg report citing “prevailing market conditions” as the reason for the delay.
The IPO was originally scheduled to run from September 9 to 15, with a planned listing on the main board of the PSE on September 23. According to Hann’s preliminary prospectus, the offering included 500 million primary shares priced at ₱23.60 each, with an overallotment option of up to 50 million shares to be sold by existing shareholder Hann Group Holdings WLL.
Despite initial confidence and resilience amid broader weakness in the country’s land-based gaming sector, Hann has opted for caution as investor sentiment remains affected by global market volatility, geopolitical tensions, and ongoing trade uncertainties.
Hann Philippines currently operates an 11-hectare integrated resort in Pampanga, which includes Central Luzon’s first five-star luxury hotel, the Clark Marriott, as well as the country’s first Swissôtel.
So far this year, the Philippine stock market has seen just one IPO—Top Line Business Development Corp., a Cebu-based fuel retailer, which went public in February.
Categoría:Casino
Tags: Sin tags
País: Philippines
Región: Asia
Event
ICE Barcelona 2026
19 de January 2026
Spintec Showcases Next-Generation Electronic Table Games at ICE Barcelona 2026
(Volcja Draga).- Spintec reinforced its position as a leading innovator in electronic table games during ICE Barcelona 2026, standing out within The Merkur Group’s expansive exhibition through a diverse portfolio of immersive products focused on player comfort, dynamic gameplay and efficient use of gaming floor space.
Tuesday 03 Feb 2026 / 12:00
Buenos Aires City Lottery Shines at ICE Barcelona 2026: Strategies Against Illegal Gambling
(Buenos Aires).- Within the framework of World Gaming Week, the Buenos Aires City Lottery took part in ICE Barcelona 2026, standing out for its efforts in the fight against illegal gambling and for promoting cooperation among regulators across Latin America.
Tuesday 03 Feb 2026 / 12:00
Insights from ICE Barcelona 2026: Vanesa Prelec on Timeless Tech’s Strategic Outlook
(Barcelona, SoloAzar Exclusive).- Vanesa Prelec, B2B Marketing Specialist at Timeless Tech, shares her reflections on ICE Barcelona experience, key industry trends for 2026, and the company’s strategic priorities in Latin America.
Tuesday 03 Feb 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.