Wednesday, March 29, 2023

Tag: silver heritage

Silver Heritage goes courting as Nepal rewards investment

Silver Heritage Nepal
Silver Heritage has taken advantage of positive Nepalese Q119 performance to scout for “potential strategic partners or purchasers” for its two venues in

Silver Heritage flagship underperforms as VIP drop declines

Silver Heritage, flagship, underperforms, VIP, declines
Silver Heritage Group Ltd has reported VIP underperformance to be behind disappointing November revenue figures at the Tiger Palace Resort Bhairahawa. The Australian-listed company stated that the casino, located on the Nepalese Indian border, saw “lower than typical hold rate” of 11 percent over the month, compared to a running average of 26 percent. VIP play was responsible for the venue...

Silver Heritage settles with ex-Nepal casino partner

Tiger Palace
Australia-listed casino operator and developer Silver Heritage Group has settled a legal dispute with its former partner in the Tiger Palace Resort in Bhairahawa, Nepal. The company told the Australian Securities Exchange that a former consultant to the $52m project, Rajendra Bajgain, and his brother, Nabaraj Bajgain, had sold their shares in SHL Management Services (KTM), a subsidiary which operates...

Silver Heritage’s Tiger Palace to open in March, second Nepal IR on the cards

Casino Review - Nepal Silver Heritage
Tiger Palace Resort Bhairahawa is finally set to open its doors in March, but opinions remain divided over how lucrative Nepal’s India-facing market will be. Australian-listed Silver Heritage has announced that the hotel, gaming and hospitality facilities at Tiger Palace Resort Bhairahawa will become fully operational in March, while the property’s VIP rooms will launch in Q4 2018. In a regulatory...

Silver Heritage looks to open gaming floor in five-star Tiger Palace

silver heritage tiger palace
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...

Silver Heritage pushes ahead with Tiger Palace opening

silver heritage tiger palace
  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...