Palasino Holdings Limited
HHKEX:25360.65
HKD
-0.06
(-9.15%)
ISIN
KYG6876G1055
CUSIP
G6876G105
Return %
Stock
S&P 500
1Y
-71.46
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
HKD
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in mil. unless spec.Semi-annual Revenue
HKD
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in mil. unless spec.Semi-annual Earnings Per Share
HKD
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in mil. unless spec.Semi-annual Dividends Per Share
HKD
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in mil. unless spec.Company Description
- CEO
- Pavel Marsik
- Full Time Employees
- 697
- Sector
- Consumer services
- Industry
- Hotels/Resorts/Cruise lines
- Address
- Far East Consortium Building Hong Kong Hong Kong
- IPO Date
- Mar 26, 2024
- Website
- palasinoholdings.com
- Similar Companies
- Business
- Pal Assistant: Palasino Holdings Limited operates as a gaming and leisure group principally engaged in land-based casino operations and hotel services in Central Europe. The company, founded in 1995 and headquartered at 16/F Far East Consortium Building, 121 Des Voeux Road Central, Hong Kong, manages one integrated land-based casino and resort, Palasino Excalibur City, and two full-service land-based casinos, Palasino Furth im Wald and Palasino Wullowitz, all located in the Czech Republic; these facilities primarily offer slot machines, table games including poker, and ancillary leisure amenities. It also owns and operates three hotels in Germany under the Trans World Hotels brand—Hotel Columbus in Seligenstadt, Hotel Auefeld in Hann Münden, and Hotel Kranichhoehe near Cologne—and one hotel in Austria, Hotel Donauwelle in Linz; these properties provide accommodation, catering, conference facilities, and leisure services. Palasino Holdings conducts its activities through two main segments, Gaming Operations and Hotel, Catering, and Leasing Operations, targeting leisure and gaming customers across the Czech Republic, Germany, and Austria, with a workforce of approximately 697 employees. As a subsidiary of Ample Bonus Limited, which is ultimately controlled by Far East Consortium International Limited, the company acquired its core land-based gaming and hotel assets from the FEC Group via merger in 2018, followed by expansions including new slot machine installations, poker game launches in 2020, rebranding of casinos to Palasino in 2022, and renaming of its operating entity to Palasino Group, a.s. in 2023. Recent developments encompass a public listing on the Hong Kong Stock Exchange in March 2024 under ticker 2536.HK, completion of a property acquisition in Mikulov, Czech Republic in February 2024, upgrades to Czech casinos with additional slots from International Game Technology in 2024, a strategic partnership with GiG in 2023 for online gaming initiatives under a Malta license granted in 2022, and a deal with XSGames to bolster its online sector, alongside reporting a 7% year-on-year revenue increase for fiscal year 2024.