Silver Heritage reveals temporary closure of Nepal casinos
Australian-listed Silver Heritage Group is the latest gaming company to be impacted by COVID-19 after announcing on Monday the temporary closure of its two Nepal casinos, Tiger Palace Resort Bhairahawa and The Millionaires Club and Casino Kathmandu. The closures follow...
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ASX gives Silver Heritage green light to obtain loan without shareholder vote
Australian-listed Silver Heritage Group says it has been given the green light by the Australian Securities Exchange to proceed with a short-term loan without seeking the approval of shareholders. The loan relates to a US$1 million provision from a group...
India’s Delta Corp to launch Kathmandu casino “soon” after receiving Nepal license
India’s largest gaming operator, Delta Corp, says it will commence operations of a casino at the Marriot Hotel in Kathmandu “soon” after being issued a Nepal casino license. The update, provided via a filing to the national Stock Exchange of...
Buyer search no longer exclusive as main Silver Heritage candidate misses second deposit deadline
Silver Heritage Group will recommence its search for a buyer of its Nepal assets after the original offeror missed a deposit deadline for the second time. The company revealed on Wednesday that local businessman Indra Bahadur Thapa, who made a...
Silver Heritage halts preparation of financial statements on a going concern basis as sale looms
Nepal casino operator Silver Heritage Group appears to be edging ever closer to selling its remaining assets after revealing it will no longer prepare its financial statements on a going concern basis. In an ASX announcement issued early Tuesday, Silver...
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Silver Heritage says Tiger Palace sale on hold after potential buyer misses deposit deadline
The sale of Silver Heritage Group’s Nepal assets remains in limbo after the potential buyer failed to deposit US$3 million into an escrow account by a previously agreed 15 August deadline. Providing an update on Tuesday, Silver Heritage revealed it...
Silver Heritage defends land encroachment allegations
Australian-listed Silver Heritage Group has defended itself against an injunction alleging its Nepal IR, Tiger Palace Resort, has encroached on four plots of land belonging to a public canal and another belonging to the government. In an ASX filing following...
Silver Heritage considering US$34 million offer to purchase all Nepal assets
Australian-listed Silver Heritage Group has moved one step closer to selling off its Nepal integrated resort, Tiger Palace Resort Bhairahawa, after confirming it has received a conditional, binding offer. The offer, from a Mr Indra Bahadur Thapa, would see him...
