Hong Kong-listed Palasino Holdings Ltd, which runs gaming and hospitality complexes in Europe, reported revenue of HKD305.2 million (US$39.2 million) for the six months to September 30, the firm’s fiscal half year. That was up 8.2 percent from the prior-year period, according to a Thursday filing.
Such increase was “primarily attributable to the improved performance in gaming operations,” stated the company.
Gaming revenue in the April to September period stood at HKD218.4 million, 11.4-percent higher than a year earlier.
Nonetheless, the firm posted a profit attributable to shareholders of just above HKD11.6 million for the reporting period, down 26.1 percent from a year ago. In its interim filing, the company flagged higher costs during the period, namely with gaming taxation and employee benefits.
Palasino Holdings – which runs three land-based casinos in the Czech Republic and hotels in Germany and Austria – listed in Hong Kong in March last year. It was a spin-off from Hong Kong-listed property developer Far East Consortium International Ltd.
The group’s adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) were up 2.8 percent year-on-year, at about HKD31.2 million.
In Thursday’s filing, Palasino Holdings said it was “actively looking at other European and Asian jurisdictions for land-based casino opportunities to expand the business”.
In the six months to September 30, the company said that about HKD10 million of the net proceeds from a global offering and the partial exercise of the over-allotment option had been utilised for general working capital, “asset rejuvenation”, and for development – via the conversion of a shopping mall – of Palasino Mikulov.
The firm said in October it plans to open that casino – in the city of Mikulov, in the Czech Republic – in the “second half of financial year 2026”. Palasino Mikulov will be the group’s fourth casino in the country, according to the company.