Nepal

Casinos are reopening their doors under a new regulatory regime designed to bring the industry in line with international standards and attract greater foreign investment. 

Australia-listed Silver Heritage Group has advised the market that it may likely fall short of its 2016 total revenue and adjusted EBITDA forecasts that were previously noted in its IPO prospectus.

Tiger Palace Resort, Bhairahawa, a beautiful casino resort being constructed in Nepal on the border with India, is due to have its soft opening in February 2017.

Silver Heritage Group’s Tiger Palace Resort Bhairahawa is set for a soft opening in February 2017.

Nepal’s casino industry is recovering from a series of deadly earthquakes and a temporary border blockade with India last year, with international casino operators increasingly eyeing the market as a way to tap potential from neighboring India.

Nepal’s casino industry is recovering from a series of deadly earthquakes and a temporary border blockade with India last year, with international casino operators increasingly eyeing the market as a way to tap potential from neighboring India. Visitor numbers to the Himalayan nation by air jumped 12.77 percent in the first half of this year to 313,512, compared with about 277,992 visitors in the same period last year. In the first half of 2014, tourist arrivals had reached 412,461.

 



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Nepal’s casino industry is forecast to bounce back in 2016 after a devastating earthquake last year and an unofficial border blockade imposed by India. According to Union Gaming Analytics the Indian market could have the potential for US$4B in gaming revenue and Nepal casino insiders say operators are perfectly positioned to attract those players. 

Nepal’s casino industry is forecast to bounce back in 2016 after a devastating earthquake last year and an unofficial border blockade imposed by India.

Nepal’s casino industry is forecast to bounce back in 2016 after a devastating earthquake last year and an unofficial border blockade imposed by India. According to Union Gaming Analytics, an industry consultant, the Indian market could have the potential for US$4 billion in gaming revenue and Nepal casino insiders say operators are perfectly positioned to attract those players.



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Five footballers, including Nepal's former national football captain and goalkeeper, have been charged with treason over alleged match-fixing in the 2011 World Cup qualifiers.

Four members of Nepal’s national football team, including the captain and vice-captain, and a former national player have been arrested on charge of match-fixing in national and international games, the Himalayan Times reports.

Nepali authorities are in the process of assessing damage to the country’s all important tourism sector after the deadly earthquake that hit the country on April 25, though casino operators say they are already back in business and expect any impact on revenues to be temporary.

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