The Hong Kong based property developer saw a 4.6 per cent increase for gaming for the year ending March 31.<\/p>\n\n\n\n\n\n\n\n
Hong Kong.- Hong Kong’s Far East Consortium saw a 4.6 per cent rise in gaming revenue for the year ending March 31.<\/p>\n\n\n\n
The group owns the Austrian casinos operator Trans World Corporation (TWC) and has shares in the Australian group The Star Entertainment.<\/p>\n\n\n\n
Gaming revenues amounted to HK$271 million (US$34.9 million) during the period. TWC\u2019s gaming revenue alone saw a 13.1 per cent growth to HK$222.7 million (US$28.7 million).<\/p>\n\n\n\n
Meanwhile, FEC\u2019s 4.99 per cent stake in Australia\u2019s Star Entertainment Group, which owns The Star Sydney Casino and other venues in Queensland, was responsible for the remaining HK$48.6 million (US$6.2 million), IAG reported.<\/p>\n\n\n\n
The latter business saw a 22 per cent decline in revenue for the year ending March 31.<\/p>\n\n\n\n
The group\u2019s strategy for the long term is aimed at cross selling to the TWC and The Star customer data base. The goal is to introduce their Austrian casinos to potential Asian clients.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Hong Kong based property developer saw a 4.6 per cent increase for gaming for the year ending March 31.<\/p>\n","protected":false},"author":2,"featured_media":7756,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Far East Consortium reported a 4.6% increase in gaming revenue for the year ending March 31, reaching HK$271 million. This growth was primarily driven by its Austrian casinos operator, Trans World Corporation, which saw a 13.1% revenue rise, while its stake in Australia's Star Entertainment Group contributed despite a 22% decline in Star's own revenue. FEC's long-term strategy involves cross-selling customer databases to introduce Austrian gaming properties to Asian clientele.","focusai_entities":"Far East Consortium, Trans World Corporation, The Star Entertainment Group, The Star Sydney Casino","focusai_location":"Hong Kong, Austria, Australia, Queensland","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.8), tech_data (0.7), marketing_crm (0.85), investor_analyst (0.95), journalist_researcher (0.8)","focusai_suggestions":[{"label":"FEC's Cross-Selling ROI?","query":"What is the projected return on investment and timeline for Far East Consortium's cross-selling strategy leveraging TWC and Star Entertainment customer databases to attract Asian clients to Austrian casinos?"},{"label":"Star Entertainment Impact?","query":"How will the 22% revenue decline at The Star Entertainment Group impact Far East Consortium's overall gaming vertical performance and its long-term strategic investments in the Australian market?"}],"footnotes":""},"categories":[16338,163],"tags":[289,21853],"class_list":["post-7754","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-australia","tag-gaming-revenues"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=7754"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7754\/revisions"}],"predecessor-version":[{"id":7769,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/7754\/revisions\/7769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/7756"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=7754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=7754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=7754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}