Hong Kong Stock Exchange-listed Far East Consortium has announced a 14 percent increase in its gaming business revenue during the first half of its financial year, to HK$151 million ($19.33 million), based upon its operations from the group’s Palasino-branded casino operations – located in the Czech Republic.

Hong Kong developer the Far East Consortium (FEC) has enlisted CBRE and McVay Real Estate to market two Ritz Carlton hotels, in Melbourne and Perth, with a total of 462 luxury rooms.

Hong Kong Stock Exchange-listed property giant Far East Consortium has announced a 28 percent yearly increase in its gaming revenue during the financial year ended March 31st, totaling HK$296 million ($37.79 million).

Hong Kong Stock Exchange-listed conglomerate Far East Consortium has announced its plans to spin-off and separately list its Czech gaming business and German and Austrian hotel business.

Far East Consortium, investor in The Star’s Queen’s Wharf Brisbane project, has announced the opening of two other non-gaming hotels in Melbourne: Ritz-Carlton and Dorsett Melbourne.

Hong Kong-based developer Far East Consortium (FEC) iis planning to build a 56-story skyscraper in London's Canary Wharf, having submitted the plans to demolish the current office building sitting on the site.

Hong Kong-listed Far East Consortium recorded a 67.7 percent decline in gaming revenue in the year ended March 31, 2021, with the covid-19 pandemic straining its hotel, car park and gaming businesses. 

Far East Consortium reported its April-September results showing a net profit attributable to shareholders of HK$350 million (US$46 million), down by half in year-on-year terms. Revenue was HK$3.1 billion, a decrease of 39.2% compared to the same period the previous year.

Palasino Holdings, a Czech gaming and entertainment company and a subsidiary of the Far East Consortium, plans to raise approximately HK$323.4 million ($41.4 million) through its initial public offering (IPO) of shares.

Hong Kong-listed Far East Consortium has seen a 70.5 percent yearly increase in gaming operations revenue, to HK$147 million ($18.8 million) in the six months ended September 30th.