Hong Kong-listed Palasino Holdings Limited, the former gaming arm of real estate group Far East Consortium, reported an 8% increase in revenue to HK$305 million (US$39.2 million) in the six months to 30 September 2025 – primarily attributable to an improved performance in gaming operations.
The company operates three casinos in the Czech Republic with a fourth opening soon, plus five hotels in the Czech Republic, Germany and Austria.
In a filing, Palasino said it was satisfied with its results in the gaming segment but had seen a downturn in the hotel segment that has continued to impact the Group’s financial performance.
As a result, profit attributable to owners of the company fell from HK$16 million (US$2.1 million) a year earlier to HK$12 million (US$1.5 million) in 1H26.
Notably, Palasino said it continues to seek expansion opportunities globally, including in Asia, despite challenging conditions.
“Given the volatility of the global economic landscape, the Group is adopting a cautious approach,” it said. “To address rising operating expenses, the Group is actively implementing measures to mitigate these challenges. Prioritising cost control in conjunction with executing the monetization strategy remain the key objectives.
“In expansion of the Group’s business, the Group is preparing to open its fourth casino in Mikulov in the Czech Republic. Palasino Mikulov is scheduled to commence operations in late December 2025, subject to obtaining final government approval upon completion, and in any event no later than the fourth quarter of the fiscal year.
“Concurrently, the Group is actively seeking new opportunities to further expand the Group’s gaming business in the Europe, Asia and other markets through acquisition of business and/or by bidding for new gaming licence.”
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