Silver Heritage Ltd.

    Website: http://silverheritagegroup.com/

    Silver Heritage is an experienced regional gaming operator that operates and manages casinos in Nepal and Vietnam.Operating across Asia for more than 13 years, Silver Heritage brings best-in-class gaming operations to emerging gaming markets that are witnessing significant growth in gaming due to rising income levels and liberalization of gaming regulations and rapid growth of outbound Chinese and Indian tourism.

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    Tiger Palace, Nepal

    Silver Heritage chairman, non-exec. director quit

    Silver Heritage Group said its Chairman James Spenceley and Non-Executive Director Michael Bassett have resigned from their positions to pursue other interests. In a statement to the Australian Stock Exchange, Silver Heritage said it was currently appointing a new non-executive director to comply with its obligations. Silver Heritage is the operator of the Tiger Palace […]

    SVH Nepal ops sale no longer exclusive

    Silver Heritage Group has announced that the buyer of its Nepal operations has missed its September 10 deadline to pay a deposit of $3 million, due to circumstances outside of both parties.  In July, Silver Heritage announced it had received a conditional binding offer from a Nepali businessman to buy its operations in Nepal for […]
    Tiger Palace Resort, Nepal

    SVH delays results due to Nepal sale

    Silver Heritage Group said there would be a delay to filing its interim results as it has decided not to prepare the accounts on an ongoing concern basis due to the sale of its operations in Nepal.
    Tiger Palace Resort, Nepal

    Silver Heritage Nepal sale delayed, faces new legal action

    Silver Heritage said the sale of its operations in Nepal has been delayed, its chief financial officer has resigned and it is facing further legal action in the country over land use.
    Tiger Palace Resort, Nepal

    Silver Heritage says Nepal legal action poses no threat

    Australia-listed Silver Heritage said legal action brought against its Nepalese units by a local consumer water group pose no immediate commercial threat or risk to its operations in the country.
    Nepal Tiger Palace

    Silver Heritage gets $34m offer for Nepal ops

    Silver Heritage said it had received an offer with an enterprise value of  $33.9 million to buy its Nepal operations from a local business man. 

    SVH seeking to recover second tranche of Vietnam settlement

    Silver Heritage Group said it’s in talks with its former partner in Vietnam to recover the second tranche of a $5.25 million settlement reached after the termination of its management agreement to operate the Phoenix Club.

    Nepal performance ahead of prior year: Silver Heritage

    Silver Heritage Group’s Tiger Palace Resort Bhairahawa saw its GGR improve by approximately 30 percent year-on-year in May, compared to the prior year period. According to a trading update from Silver Heritage over the weekend, the increase was due mainly to a series of personnel changes and marketing initiatives to drive footfall and revenue at […]

    Silver Heritage sees improving revenue in Nepal

    Silver Heritage say business improved substantially in the quarter to end-March at both its Tiger Palace Resort in Bhairahawa and at its operations in Kathmandu.

    Silver Heritage appoints new CFO

    Silver Heritage Group has announced another change in its leadership, with the appointment of Ben Watiwat as chief financial officer, effective Nov. 5.

    Silver Heritage acquires land in East Nepal

    Australia-listed Silver Heritage Group has acquired 7.45 hectares of land in East Nepal for US$3.2 million, which it says will be used for its Tiger Palace Resort Jhapa project. According to a filing from SVH on Monday, the group initially announced in July 2016 an agreement to purchase 11.5 hectares of land in Jhapa. An […]

    Silver Heritage settles with Nepal partner, gets new investor

    Silver Heritage says it has reached a settlement with its Nepali partner, who has sold his stake in a unit of the company to a new investor.

    Casino rules face further change

    Nepal is facing another overhaul of its casino legislation, just five years after new rules were put into place, though some consultants say if the country really wants to attract more foreign investment it needs to cut regulatory red tape. The Ministry of Tourism has requested approval from the Council of Ministers for a new […]

    Silver Heritage appoints entrepreneur as non-exec. chairman

    Silver Heritage Group has appointed Australian entrepreneur James Spenceley as non-executive chairman and director, effective immediately.
    Nepal Tiger Palace

    Silver Heritage board takes pay cut amidst liquidity issues

    Silver Heritage Group said its board has agreed to halve its cash remuneration and take other initiatives to cut costs to help address expected tight liquidity in the second half as its new IR in Nepal ramps up.

    Silver Heritage non-executive director Barker stands down

    Silver Heritage said Richard Barker, a non-executive director, has resigned in the latest of a series of changes at the top of the Australia-listed operator.

    Local operators criticise new bill for locals ban, fees

    Nepal has proposed new regulations to tighten oversight of its casinos, just five years after passing legislation to govern the sector, though some local operators have expressed disappointment at a ban on locals and high fees.
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