Palasino Holdings Ltd, a Hong Kong-listed operator of four land-based casinos in the Czech Republic and an online gaming business, reported net profit attributable to the owners amounting to HKD13.8 million (US$1.8 million) for the financial year ending March 31. That was down 10.4 percent on financial-year 2025’s HKD15.4 million.
In a Tuesday filing, it said reasons for the decline included an “employee benefits increase of HK$13.5 million to attract talent which enhanced our competitiveness in the employment market”.
That included staff for its Palasino Mikulov property (pictured), near the border with Austria, which launched toward the end of the reporting period.
The firm added that “despite reduction in online gaming expenses by HKD7.8 million, our investment in promoting our brand awareness in our target markets continued to attract travellers’ visitation to our casinos”.
The group says it has an integrated resort in the Czech Republic comprising a hotel and casino, alongside three “full-service land-based casinos” in that nation. It also has hotels in Germany and Austria.
Palasino stated that “in conjunction with the marketing effort for the Palasino Mikulov launch,” marketing costs increased by HKD6.3 million during financial-year 2026. It added it allocated HKD33.6 million in capital expenditure in the reporting period on the launch of the new property.
The company announced in a separate Monday filing a final dividend on its ordinary shares amounting to HKD0.029 per share, payable on September 18. The main results filing said the dividend amounted to HKD23.2 million.
The financial-year 2026 result was on revenue of HKD611.1 million, up 7.6 percent year-on-year.
The firm said the gain “was mainly attributable to increases in table gaming revenue of 20.2 percent with higher hold rate and revenue from the slot machines operation of 6.9 percent.”
Palasino also stated that gaming revenue net of gaming tax for the latest reporting period was 9.9 percent higher than in financial-year 2025, which it said “demonstrated momentum continued to be strong on gaming”.
Full-year adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) were HKD60.7 million, a gain of 15.6 percent year-on-year.
The company had said in a late December 2025 announcement that Palasino Mikulov, the company’s fourth gaming property, had opened, with a “soft launch” on December 18.
In its results filing, Palasino mentioned figures relative to “commencement of operations at Palasino Mikulov in March 2026”.
The launch of Palasino Mikulov “represented a significant milestone in the group’s long-term development and further strengthens its presence and competitive positioning in the Czech Republic’s land-based casino market.”
The firm said that group-wide gaming revenue for financial-year 2026 accounted for approximately 73.3 percent of total revenue, slightly up from financial-year 2025’s 72.0 percent.
Financial-year 2026 non-gaming revenue – including hotel, food and drink, conference business, and “ancillary services” – represented approximately 26.7 percent of total revenue, versus 28.0 percent in financial-year 2025.
Palasino stated: “The expansion of the group’s gaming portfolio underscored the group’s strategic focus on allocating business resources toward gaming as its primary revenue driver.”
The group said it had cash and liquid investments of approximately HKD271.6 million as of March 31, down 8.8 percent year-on-year, mainly due to total capital expenditure of HKD44.8 million during the latest reporting period.
The company was listed in Hong Kong in first-half of calendar-year 2024 as a spin-off from Hong Kong-listed property developer Far East Consortium International Ltd. The latter is also an investor in a Brisbane, Queensland, Australia, real estate development that houses The Star Brisbane casino resort.
