Good Morning. Build it and they will come. Such has been Daesik Han’s vision for Clark, and it appears to be paying off. With up to $4 billion planned for Hann Reserve’s ramp up over the next decade, Han is targeting a niche: golf VIPs with deep pockets. In Macau, labor shortages continue to plague the sector, with the Raffles Hotel opening delayed. The city is still expecting a massive influx of tourists over the Labor Day holiday, with plans for 70,000 visitors daily.
What you need to know
- Daesik Han outlines his vision for Clark, targeting top golf VIPs for the multi-billion dollar Hann Reserve.
- The opening of Raffles Hotel at Galaxy Macau has been delayed, as the operator continues to battle labor shortages.
- Macau is expecting over 70,000 daily tourists over the Labor Day holiday, as border restrictions are eased.
On the radar
- Sarawak minister okays casino idea for Borneo Highlands.
- China’s outbound travel demand to exceed 2019 levels on Labor Day.
- Sri Lanka gov’t: 43 percent rise in betting and gaming levy in 1Q23.
- American gaming executives have “good outlook”: AGA.
AGB Intelligence
PHILIPPINES
Billions to be invested in Clark: Daesik Han
Hann Resorts Chairman and CEO, Daesik Han sits down for a special fireside chat with IGamiX Managing Partner Ben Lee. Han explores the huge growth the company has witnessed within Clark, with over $600 million spent on Hann Casino Resort and up to $4 billion planned for golf-centric mega-project Hann Reserve. Targeting top golf VIPs and going for premium mass, alongside top brands for diverse experiences is key for the group’s success, notes the businessman.
Industry Updates
- Aristocrat open the Philippines’s first dedicated gaming showroom.
- BMM Testlabs India announces promotion of Reena Varma.
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