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Palasino Holdings Ltd

Palasino Holdings Ltd (Ticker: 2536 HK) is an entertainment company based in Hong Kong, operating within the gambling and hospitality industry. The company has a diverse portfolio that includes one integrated land-based casino and resort, two full-service land-based casinos in the Czech Republic, and four hotels in Germany and Austria offering accommodation, catering, conference, and leisure services. Palasino Holdings Ltd will list on the Hong Kong Stock Exchange on March 26, 2024. The firm plans to raise HKD 371.43 million (USD 47.50 million) by offering 142.86 million shares. The expected price range for the shares is HKD 2.60 (USD 0.33) each. The IPO is managed by CCB International Capital Ltd, CMB International Capital Corp Ltd, Guosen Securities HK Capital Co Ltd, Guotai Junan Securities (Hong Kong) Ltd, Livermore Holdings Ltd, and others.

The company's operations have expanded since being acquired by the FEC Group in 2018, including the addition of new slot machines, the launch of poker games, and rebranding their casinos to "Palasino." The IPO marks a spin-off from the FEC Group. Palasino Holdings has a long operating history in central Europe, with its first establishment dating back to 1995.

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