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Tag Archives: Tiger Palace Resort

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 – Tiger Palace Resort casino now fully open

The gaming floor is now open at Tiger Palace Resort Bhairahawa in Nepal, the long-awaited casino resort owned by Silver Heritage Group. It was issued with its casino license over the festive period with casino operations officially starting on December 28 2017. The company stated: “Silver Heritage Group Limited is pleased to announce that, as…

Nepal – Tiger Palace hotel given five star rating

Silver Heritage is closing in on being able to open the gaming floor at its Tiger Palace Resort Bhairahawa following an announcement from the Ministry of Culture, Tourism, and Civil Aviation of Nepal (MOCTCA) that it has awarded a 5-Star Hotel Rating to the hotel at the resort. The company now has the documentation required…

Nepal – Silver Heritage Director resigns following resort delays

Silver Heritage Group, the operator of casinos in Vietnam and Nepal, has confirmed that Hugh Holmes has resigned from his position of Executive Director for special projects at Silver Heritage. Mr. Holmes has ‘ceased involvement in the development of the company’s $40m Nepal resort project, Tiger Palace Resort Bhairahawa,’ according to a statement made to…

Nepal – New doubt over Tiger Palace opening date

Silver Heritage Group has been granted an immediate suspension of its stock by the Australian Securities Exchange. The company’s $40m Tiger Palace Resort in Nepal has stalled due to ‘a shortage of liquidity in the Nepal banking system.’ The 26,597 sq ft casino was due to open in October 2016 with 200 slots and 52…

Nepal – Tiger Palace to open March 1

Silver Heritage Group has said it will open the Tiger Palace Resort Casino in Nepal at the start of March. The Australia-listed casino operator had planned to hold a soft opening in February but said it was ‘encountering temporary unexpected delays’ to the opening citing a ‘shortage of liquidity in Nepal’s banking system.’ The new…

Australia – Silver Heritage plans IPO in Australia

Silver Heritage Group, the operator of the Phoenix International Club in Vietnam and The Millionaire’s Club in Kathmandu’s Shangri La Hotel is floating on Sydney’s stock exchange to raise $18.6m to help finance its Tiger Palace Resort in Nepal. Silver Heritage hopes the Initial Public Offering will take place by the end of August and…