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Tag Archives: Nepal

Nepal – Silver Heritage opts for voluntary administration

Australian-floated Silver Heritage Group, the operator of Tiger Palace Resort Bhairahawa in Nepal and The Millionaire’s Club in Kathmandu, has filed for voluntary administration. Having looked at selling some of its assets, it has now appointed KPMG as its administrator. The closures caused by the coronavirus pandemic came just months after the operator was give…

Nepal – Deltin opens international casino at The Marriot Hotel at Kathmandu

India’s Deltin Group has now launched its first international venture Deltin Casino at The Marriot Hotel at Kathmandu Naxal Nepal in agreement with Everest Hospitality and Hotel. The group has tied in its February 8 opening with the ‘Visit Nepal Year 2020’ campaign, the opening takes the casino-tourism landscape in Nepal to greater heights keeping…

Nepal – Delta Corp cleared to open a casino at the Marriot Hotel in Nepal

Delta Corp has now received a license for operating a casino at the Marriot Hotel in Nepal and will start operations soon. Dilip Vaidya, General Manage of Delta Corp, said: “With reference to the company entering into a Memorandum of Understanding for leasing space at the five star Marriot Hotel in Kathmandu, Nepal to operate…

Nepal – Nepal casinos allowed to open closer to international borders

Nepal’s government is making it easier to open casinos and electronic gaming venues close to international bordersby relaxing laws to keep them 5km away from international borders. The government has decided to relax this to 3km. Several casino resorts are being built to serve cross-border customers from neighbouring India. Ghanshyam Upadhyaya, spokesperson for the Ministry…

Nepal – Hyatt Regency Kathmandu closes following union wrangles

Hotel Hyatt Regency Kathmandu has confirmed it has temporarily ceased operating in Nepal and won’t be accepting any bookings until a dispute with trade unions was resolved. The 5-star property, which is home to Casino Tara, is run by Taragaon Regency Hotels. The company said ‘unnecessary disruptions’ forced by the All Nepal Hotel, Casino and…

Nepal – Tiger Palace to open three VIP rooms as table drop soars

Nepal casino group Silver Heritage reported a 110 per cent upswing in table drop and 142 per cent increase in visitation at its Tiger Palace in Bhairahawa, in January. This was the first month since opening that it has been able to compare a year-on-year result. January saw table drop of US$2,128,000 compared with US$1,009,000…

Nepal – Silver Heritage buys land for Tiger Palace Resort Jhapa

Silver Heritage has bought a parcel of land in Jhapa, East Nepal for US$3.2m, where it will build Tiger Palace Resort Jhapa. Having built and opened South Asia’s first Integrated Resort, Tiger Palace Resort Bhairahawa, in Nepal close to the border with India’s most populous state, Uttar Pradesh, the company has decided to stick with…

Nepal – Nepal to enact new laws to force full royalty payments

The government in Nepal has confirmed it will be drafting new casino legislation to try and prompt more foreign investment into the sector and to stop existing casinos operating ‘unlawfully.’ The new laws will also force existing casinos to comply with tax and royalty payments. It will replace an interim order issued by the Supreme…

Nepal – Silver Heritage appoints new Chairman after ‘challenging’ year

Nepal casino operator Silver Heritage has appointed James Spenceley as its non-executive Chairman following the departure of former Chairman David Green after what it called a ‘challenging year’ for the company. Mr. Spenceley is famed for founding Australia’s fourth largest telecommunications company Vocus Communications in 2007 which he turned into a AU$5bn business. Silver Heritage…