GGRAsia – Silver Heritage chairman David Green resigns

Silver Heritage chairman David Green resigns

May 08, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck

Australia-listed gaming operator Silver Heritage Group Ltd said on Monday that David Green (pictured), the firm’s chairman and non-executive director, has resigned with immediate effect.

His resignation was for “personal reasons and also to enable him to focus upon other business interests,” said the company in a filing to the Australian Securities Exchange.

It added: “The board of directors thanks Mr Green for his considerable effort and input during his tenure as a director.”

The casino firm said that non-executive director Matthew Hunter “will fill the role of interim chairman”.

Silver Heritage operates the Tiger Palace Resort Bhairahawa, a new Nepal property near the country’s border with the Indian state of Uttar Pradesh. The boutique casino operator also runs the Millionaire’s Club and Casino in Kathmandu, Nepal’s capital, and the Phoenix International Club, near Hanoi, in Vietnam.

The company last week reported a loss in terms of adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) for the first quarter of 2018, amounting to US$1.9 million.