• 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
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Tiger Palace Nepal record gaming numbers for June

Jul 20, 2018 Newsdesk Latest News, Rest of Asia, Top of the deck  


Tiger Palace Nepal record gaming numbers for June

Tiger Palace Resort at Bhairahawa in Nepal (pictured), the first purpose-built, self-managed property of boutique Asian casino operator Silver Heritage Group Ltd, produced record gaming floor numbers in June, the firm said in a Thursday filing to the Australian Securities Exchange.

In a second-quarter business update – the casino at Tiger Palace only opened in late December – the firm said June saw record property gross gaming revenue (GGR) of US$571,000, on casino drop that month totalling nearly US$2.23 million.

“Gaming and non-gaming results continue to ramp up significantly,” said the firm in one of its two update filings on Thursday, referring to group-wide business. Silver Heritage also manages another gaming hall in Kathmandu, Nepal’s capital, and one on Vietnam.

The firm did not say in the update how many tables and slots it was currently operating at Tiger Palace.

But it said in a footnote to the unaudited figures given in the trading update: “Due to the inherent volatility of results in casinos that incorporate a relatively small number of tables, these figures should not be relied on as an indication of performance for the remainder of the year.”

Nonetheless June also saw record non-gaming revenue of US$240,000 at Tiger Palace, and record hotel occupancy at 79 percent, according to the business review.

Total revenue at Tiger Palace was up 73 percent quarter-on-quarter in the three months to June 30. Total drop – i.e., cash exchanged for chips – was up 33 percent sequentially, at US$4.75 million.

Tiger Palace’s second-quarter GGR rose 50 percent sequentially, to US$1.35 million, while total quarterly non-gaming revenue was up 145 percent quarter-on-quarter, to US$548,000, the firm said.

Silver Heritage runs gaming on a management basis at the Millionaire’s Club and Casino, Kathmandu. The facility has 15 main-floor gaming tables, 38 electronic gaming machines and three VIP tables, according to the business update.

There, second-quarter GGR was US$1.52 million, up 80 percent on the first quarter, and up 38 percent year-on-year.

At the Phoenix International Club, Bac Ninh, in Vietnam, Silver Heritage operates 12 main-floor tables, 94 electronic gaming machines and three VIP tables for directly-managed clients.

At the Vietnam property second-quarter GGR was US$8.52 million, up 33 percent on the prior quarter, and up 44 percent year-on-year.

On a group-wide basis, second-quarter GGR was up 39 percent sequentially, to US$11.39 million. Group net gaming revenue rose 36 percent quarter-on-quarter, to US$5.88 million; while second-quarter total sales revenue was up 38 percent sequentially, to US$6.60 million.


  • tweet
Related articles
  • Border casino op Donaco posts positive EBITDA for Jul-Dec
    Border casino op Donaco posts positive...

    Feb 26, 2021  

  • Suncity listco US$24mln cash under China property disposal
    Suncity listco US$24mln cash under...

    Feb 22, 2021  

More news
  • Macau casino GGR down 9pct m-o-m in February: govt
    Macau casino GGR down 9pct m-o-m in...

    Mar 01, 2021  

  • Galaxy Macau to add Raffles-branded hotel tower
    Galaxy Macau to add Raffles-branded...

    Mar 01, 2021  


Latest News

Macau casino GGR down 9pct m-o-m in February: govt

Macau casino GGR down 9pct m-o-m in February: govt

Mar 01, 2021  

Macau casino gross gaming revenue (GGR) declined 8.9 percent sequentially in February, to MOP7.31 billion (US$914 million), compared to just above MOP8.02 billion in January, according to data...
Read More
Galaxy Macau to add Raffles-branded hotel tower

Galaxy Macau to add Raffles-branded hotel tower

Mar 01, 2021  

GKL ups sales loss tally as Seoul venues stay shut to Mar 15

GKL ups sales loss tally as Seoul venues stay shut to Mar

Mar 01, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

”While our financial results for fiscal 2020 were clearly impacted by the pandemic, they also highlighted our strengths, and the effectiveness of our business’ response"

Trevor Croker

Managing director of casino slot machine maker and digital games provider Aristocrat Leisure



Most Popular

  • Macau casino GGR soared in final days of CNY: brokeragesMacau casino GGR soared in final days of CNY: brokerages February 23, 2021
  • Pansy Ho sells off more stock in MGM Resorts for US$36mlnPansy Ho sells off more stock in MGM Resorts for US$36mln February 23, 2021
  • Macau VIP challenged by changes in China: Galaxy Ent bossMacau VIP challenged by changes in China: Galaxy Ent boss February 25, 2021
  • Melco’s Lawrence Ho hopeful on Macau recovery in MarchMelco’s Lawrence Ho hopeful on Macau recovery in March February 26, 2021
  • Galaxy Macau Phase 3 MICE to launch in stages says execGalaxy Macau Phase 3 MICE to launch in stages says exec February 24, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us