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Tag Archives: Phoenix International Club

Vietnam – Silver Heritage leaves Vietnam with $5.25m paycheck

Silver Heritage Group has agreed to a ‘generally favourable’ settlement of US$5.25m which it will be paid by the owners of Phoenix International Club, Bac Ninh in Vietnam. The Phoenix was recently forced to close due to what Silver Heritage said were ‘breaches by the owner, primarily the requirement to maintain the gaming license.’ Following…

Vietnam – Vietnam’s Phoenix International Club closes following table ban

Vietnamese-operator Silver Heritage has halted operations at its Phoenix International Club in Bac Ninh pending an ‘announcement regarding its contract and operations’ after being told it was no longer allowed to operate tables. The company received notice from the General Manager of Phoenix that table games are no longer included in its revised investment certificate…