Error message

  • Notice: Trying to get property of non-object in template_preprocess_imageblock_content() (line 349 of /home/agbrief/agb/sites/all/modules/imageblock/imageblock.module).
  • Notice: Trying to get property of non-object in template_preprocess_imageblock_content() (line 349 of /home/agbrief/agb/sites/all/modules/imageblock/imageblock.module).

Silver Heritage completes funding exercise for Tiger Palace

Australian-listed Silver Heritage Group says it has been successful in raising funds needed to complete its Tiger Palace Resort Bhairahawa in Nepal.

The company launched an entitlement offer in June - raising A$19 million in total through an Institutional Tranche of A$10.3 million and a Retail Tranche of A$8.7 million.

Completion dates for Tiger Palace are confirmed as September 2017 for the hotel, villas and hospitality areas, while the entire resort, including main gaming floors and VIP gaming areas is expected to finish construction in November 2017.

More news from this jurisdiction

NepalWednesday, Jan 10, 2018

Tiger Palace Resort Bhairahawa, operated by Silver Heritage Group, says it expects to commence VIP gaming in the fourth quarter of 2018.

NepalWednesday, Jan 03, 2018

Australia’s Silver Heritage Group said its Tiger Palace resort in Nepal would host its first major event on New Year’s eve after receiving a license to operate a casino.

Australia, NepalTuesday, Oct 31, 2017

Australia-listed Silver Heritage Group says it has recorded gross profit if US$5.1 million for the nine months year-to-date, up 20 percent over the same period in FY16.

NepalWednesday, Oct 25, 2017

Delta Corp subsidiary The Deltin Group has signed a Memorandum of Understanding (MoU) with Everest Hospitality and Hotel Pvt Ltd to operate a casino at the Marriott hotel in Naxal, Kathmandu.

NepalWednesday, Sep 20, 2017

Silver Heritage Group’s Tiger Palace Bhairahawa is set for a soft opening by month’s end, with final works on the Nepal resort to be completed over the next ten days.

NepalTuesday, Aug 22, 2017

Australia-listed Silver Heritage Group has secured additional financing in Nepal to the tune of NPR 510 million (US$5 million).

Nepal, AustraliaThursday, Jul 06, 2017

Silver Heritage Group has received government approval to raise the equity ceiling of its FDI-approved investing company, which it says will now give it the means to complete and open its resort in Nepal.