Silver Heritage launches VIP gaming at Tiger Palace Resort in Nepal
Silver Heritage Group launched VIP gaming at Tiger Palace Resort on Saturday as the Nepal IR celebrated the one year anniversary of its official casino launch. The property’s new VIP area includes three VIP rooms covering a combined 4,500 square...
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Silver Heritage to launch VIP gaming at Tiger Palace as year-on-year table drop doubles
Australian-listed Silver Heritage Group Limited has reported a 110% increase in table drop and 142% uptick in footfall at its Nepal integrated resort, Tiger Palace, in January – the first month since opening in late December 2017 that it has...
Nepal ponders unpaid tax law to seize personal assets of casino operators
The Nepal government is considering introducing legislation that would give it wide-ranging powers to confiscate the personal property of any casino operators that fail to pay their taxes. Set to form part of a new Federal Tourism Bill, the draft...
Low VIP hold, Vietnam headwinds impact Silver Heritage earnings
Australian-listed Silver Heritage Group says its October earnings took a hit on the back of bad luck in the VIP segment at Tiger Palace Resort in Nepal and lower than expected earnings at its Vietnam casino, Phoenix International Club. In...
Silver Heritage completes retail share offering
Australian-listed Silver Heritage Group has completed the retail component of an entitlement offer, but applications for new shares fell short of the AU$5.6 million it had hoped for. In a filing to the Australian Securities Exchange on Wednesday, Silver Heritage...
Silver Heritage raises AU$7.5 million after completing institutional share offering
Australian-listed Silver Heritage Group says it has successfully raised AU$7.5 million via an institutional share offering and expects to raise a further AU$5.6 million from a retail offering as the company continues to throw resources behind its recently opened Nepal...
Silver Heritage renegotiates bond agreement
Silver Heritage Group has renegotiated terms with its corporate bondholder OCP Asia in a deal that will see it pay back around US$6 million of its outstanding bonds.
Silver Heritage sees strong August growth after Tiger Palace costs hamper 1H results
Silver Heritage Group says it has moved to positive Adjusted EBITDA and Property Level EBITDA in August after both suffered significant declines in the first six months of the year.
