Nepal casino operator Silver Heritage is getting ever closer to opening the gaming floor at its Tiger Palace Resort Bhairahawa.
The Ministry of Culture, Tourism, and Civil Aviationof Nepal (MOCTCA) awarded the hotel at the resort the five-star rating necessary for the company to lodge the application required for its existing licensed casino management company, SHL Management Services (KTM) Private Limited (SHMK), to operate the casino at Tiger Palace.
SHMK is able to operate casinos in different five-star hotels in Nepal and currently operates the casino at the Shangri-La Hotel known as The Millionaire’s Club and Casino, Kathmandu, under the casino regulations of Nepal.
The $54.5m Tiger Palace welcomed its first guests in September 2017, and will be ready to commence gaming operations at the resort’s casino following the processing of the application.
The firm’s 2016 annual report, published in March, described Tiger Palace as due to have a 100-room, “five-star resort hotel”.
It added the resort would have a gaming area of 2,471 square metres (26,600 sq feet), with 462 sq ms of that for “high limit customers”.
The casino would have “at least” 52 tables and 200 electronic gaming machines, the annual report added.
The new venue is near Nepal’s border with the Indian state of Uttar Pradessh, one of the country’s wealthiest states by GDP, and is the first integrated resort designed to address the demand from the burgeoning middle class in India.