Silver Heritage posts strongest quarter in 17Q4 since IPO

Australia-listed Silver Heritage Group recorded its strongest quarterly sales revenue since its IPO in August, in the fourth quarter of 2017.

Total unaudited sales revenue was $5.4 million in 17Q4, compared to $4.8 million recorded in 17Q3.

The company also noted that its Tiger Palace Resort in Bhairahawa, Nepal held its first major event last Friday, with visitation reaching over 660 patrons and 120 guests at the hotel.

Silver Heritage said participation in the event was “ahead of management expectations” with the casino receiving 50 percent more patrons than its new year event.

The company says it plans to hold its grand opening celebration event on March 16, 2018.

More news from this jurisdiction

NepalTuesday, Mar 13, 2018

Casino operator Silver Heritage Group has announced the grand opening for its Tiger Palace Resort will be taking place on March 16-17, 2018.

NepalWednesday, Mar 07, 2018

The Nepal government has issued a three day ultimatum to casinos that have failed to pay required taxes and royalties,

NepalMonday, Feb 26, 2018

Australia-listed Silver Heritage Group has terminated its consultancy agreement with one of its Nepal partners, Rajenda Bajgain, after he accused the company of illegally hiring foreign workers.

NepalMonday, Feb 12, 2018

Silver Heritage Group has announced the appointment of two general managers to its Nepal resort, Tiger Palace Resort Bhairahawa, covering the hotel and casino businesses.

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.