Palasino Holdings Limited, the Hong Kong-listed gaming firm spun off from Hong Kong real estate giant Far East Consortium, has reported a profit of HK$15 million for the year ended 31 March 2025, slightly more than the HK$9 million reported a year earlier.
The improvement came on the back of a slight 1% increase in revenue from its hotel and gaming operations in Europe – more specifically the Czech Republic, Germany and Austria. Revenue for the year was HK$568.1 million.
In publishing its FY25 results, Palasino – which runs one integrated land-based casino and two full-service land-based casinos in the Czech Republic plus three hotels in Germany and Austria – noted that its gaming operations had contributed 71% of group-wide revenues for the year. Of this gaming revenue, 80% or HK$326 million was contributed by slot machines, up 2% year-on-year due to an increase in the number of slot machines to meet the demand for new and attractive game themes. The number of slot machines in operation at Palasino’s casinos increased from 560 as at 31 March 2023 to 568 as at 31 March 2024 and further increased to 630 as at 31 March 2025, the company explained.
“The gaming appetite and betting activity of the players continue to reflect a consistent upward trend even in the face of slightly tighter player protection regulations,” it said.
“While there were slight decreases in the average slot win per machine per day and average daily gross win per table in FY25 when compared to FY24, the slot machine hold percentage remained stable. The increase in the number of slot machines also contributed to a slight decrease in occupancy rates, particularly during peak times.
“The Group’s strategy is to offer a range of available slot machine brands such as Novomatic, EGT, IGT and Apex with the newest game themes available to the local market.”
On its broader performance, Palasino said, “The Group’s revenue has continued to grow despite the challenging economic situation of the last couple of years, such as COVID-19 restrictions on our operations during the height of the pandemic, the Ukraine-Russia war and increasing interest rates.”
Palasino reported Adjusted EBITDA of HK$52 million in FY25, down from HK$82 million a year earlier.
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