FEC lists Czech Republic casino company separately

Far East Consortium (FEC), a gaming and real estate conglomerate with a Hong Kong stock market listing, proposes to offer shares of one of its firms publicly and worldwide.

According to the group, a separate listing for Palasino Holdings would “better position each of FEC and its subsidiaries […] and Palasino Group for further growth” and would therefore be “commercially beneficial and in the interest of FEC and its shareholders.”

The split would allow Palasino to “increase its operational and financial transparency, allowing investors to assess the performance and potential of the Palasino Group separately and independently,” according to the business.

Palasino, a Cayman Islands-based firm that operates an integrated resort in the Czech Republic, three hotels in Germany, and one hotel in Austria, focuses on “entertainment, gaming, and leisure.”

Original article by: Asia Gaming Brief