• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Silver Heritage Nepal casino grand opening March, VIP in 4Q

Jan 10, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  


Silver Heritage Nepal casino grand opening March, VIP in 4Q

The promoter of a newly-operating Nepal casino resort near the country’s border with the Indian state of Uttar Pradesh says the venue will have in March what it termed a “grand opening” as well as a separate launch event in Nepal’s capital Kathmandu.

A business update from Silver Heritage Group Ltd, filed on Wednesday with the Australian Securities Exchange, also confirmed that the venue – Tiger Palace Resort Bhairahawa (pictured) – would launch a VIP room with eight tables in the fourth quarter of this year.

The company further stated in the document it had a “five-year plan” that involved developing “multiple world-class casinos”. A filing from Silver Heritage in late September had mentioned it was eyeing a site for a second Nepal casino resort. While many casino firms and investors have focused on Asian projects that appeal to Chinese gamblers, Silver Heritage’s strategy seeks to focus on the Indian consumer market. According to some analysts, the Indian consumer has been undervalued and largely overlooked.

Currently, the “only lawful Indian casino gaming is in Goa, more than 2,000 kilometres (1,243 miles) away, and Sikkim, more than 750 kms away,” stated Silver Heritage in its business update.

“India will have the world’s largest middle-class consumption on an annual basis by 2030: US$12.8 trillion, versus US$10 trillion in China,” stated the casino firm, citing research from the U.S.-based Brookings Institution.

Tiger Palace Resort in Nepal launched casino operations on December 28 after receiving its gaming licence that day, at which time it had 44 gaming tables and 216 electronic gaming machines, said the filing.

“On New Year’s Eve, over 400 guests enjoyed the casino and the hotel occupancy was at capacity,” noted the update.

The filing also clarified that on November 29 the resort’s hotel received a “five-star” rating from the country’s Ministry of Tourism.

A soft opening of the property’s hotel facilities, offering 100 rooms, was held on September 20.

Wednesday’s summary also noted the hotel additionally offered a pair of two-bedroom villas, and that the resort had a spa, gym, pool, six meeting and function rooms, “five food and beverage options”, and an outdoor area for weddings and banquets.


  • tweet
Related articles
  • Macau ops share junket deposit liability: Macau top court
    Macau ops share junket deposit...

    May 16, 2022  

  • Hyatt Place casino Nepal to be run by Rank Ent: reports
    Hyatt Place casino Nepal to be run by...

    May 12, 2022  

More news
  • Moody’s revises SJM Holdings’ outlook to negative
    Moody’s revises SJM Holdings’...

    Jun 27, 2022  

  • MGM China gets deal for use of MGM brands renewed
    MGM China gets deal for use of MGM...

    Jun 27, 2022  


Latest News

Moody’s revises SJM Holdings’ outlook to negative

Moody’s revises SJM Holdings’ outlook to negative

Jun 27, 2022  

Moody’s Investors Service has confirmed Macau casino operator SJM Holdings Ltd’s ‘Ba3’ corporate family rating and the ‘B1’ rating on the backed senior unsecured bonds issued by...
Read More
MGM China gets deal for use of MGM brands renewed

MGM China gets deal for use of MGM brands renewed

Jun 27, 2022  

SJM to make 2nd of pledged staff subsidy payments for 2022

SJM to make 2nd of pledged staff subsidy payments for 2022

Jun 27, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


357

The aggregate number – as of end of Sunday – of confirmed infections in Macau linked to the most serious Covid-19 outbreak impacting the city since the start of the pandemic in 2020



Most Popular

  • SJM to make 2nd of pledged staff subsidy payments for 2022SJM to make 2nd of pledged staff subsidy payments for 2022 June 27, 2022
  • Maybe new Macau mass Covid test, community spread stillMaybe new Macau mass Covid test, community spread still June 24, 2022
  • Parisian quarantine hotel as Macau Covid cases near 360Parisian quarantine hotel as Macau Covid cases near 360 June 27, 2022
  • Covid-19 test certificate to enter Macau casinosCovid-19 test certificate to enter Macau casinos June 27, 2022
  • Blackstone clinches US$6.15bln takeover of Crown ResortsBlackstone clinches US$6.15bln takeover of Crown Resorts June 24, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us