Silver Heritage pushes ahead with Tiger Palace opening

Australian-listed casino operator Silver Heritage Group held a soft opening for the hotel portion of its Tiger Palace Resort Bhairahawa in Nepal, with the casino opening set to follow in roughly six weeks.

“The development of Tiger Palace continues ahead of schedule and within the revised budgeted cost of $51.8m, and the first paying hotel guests are booked in for 20 September 2017,” said the firm in a filing to the Australian Securities Exchange.

Work on hospitality facilities including a spa, gym and swimming pool was “being completed over the next 10 days,” added the document.

“The casino remains on schedule to open by 30 November 2017 and the casino operations team have begun their training programme on site at Tiger Palace,” stated the filing.

The casino at Tiger Palace Resort is set to boast 52 tables and 200 slots and will be the group’s biggest casino operation, while the resort itself will be the company’s first self-managed property.

Located near the Nepal/India border, the property is expected to draw players from one of the world’s most underserved gambling markets, given that Nepal is adjacent to the Indian state of Uttar Pradesh with a population of over 200 million and which does not offer legal casino gambling.