Sep 05, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  
Asian casino operator and developer Silver Heritage Group Ltd said in a Wednesday filing that its shares were being suspended from quotation on the Australian Securities Exchange (ASX) “immediately”. The firm added that the suspension was “pending the release of an announcement regarding a capital raising and amendments to the terms of bonds”.
The firm had said in a Monday filing detailing its interim results – issued shortly after trading in the stock was suspended – that it was “currently working on a capital raising”. The firm stated at the time that the details of the capital raising exercise were “still being finalised”.
The company significantly widened its first-half loss, “mainly due” to additional costs and depreciation associated with its first purpose-built, self-managed property, Tiger Palace Resort Bhairahawa, in Nepal.
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Criminalisation of unlicensed money exchange in Macau is a complex topic and would need careful handling to respect the Chinese authorities’ wish to control cross-border currency flow, while...(Click here for more)
"We [estimate] that these illegal [currency exchange] transactions account for somewhere between 50 percent to 60 percent [of Macau's annual gross gaming revenue]”
Ben Lee
Managing partner at IGamiX Management and Consulting