Thursday, August 6, 2020

Nepal

Tiger Palace Resort, Nepal

Australia firms’ experience highlights risks of Asia markets

In recent years two companies, Donaco International and Silver Heritage, listed on the Australian Securities Exchange with the high ambition to crack the Asian casino market. However, as the new decade begins, both of these firms face deep crises. To what extent did they fail in the face of common challenges?

Silver Heritage enters into voluntary administration

Australia-listed Silver Heritage Group has announced it has entered into voluntary administration as of Monday 18th May. According to the company’s announcement to the ASX,...

Silver Heritage initiates cost reduction measures

Australia-listed Silver Heritage Group said it has initiated cost reduction strategies in order to mitigate the impact of COVID-19, even though its February revenue...
Tiger Palace Resort, Nepal

Silver Heritage loss widens on Nepal impairment charges

Australia-listed Silver Heritage Group said its 2019 loss attributable to shareholders widened significantly due to impairment charges on its operations in Nepal.

Silver Heritage shuts down its two casinos in Nepal

Australian-listed Silver Heritage Group announced on Monday that its two casinos in Nepal would be temporarily shut down in accordance with government guidance forbidding...

Nepal hotels to shut down

Due to the lack of business and fears of a coronavirus outbreak, hotels across Nepal have decided to shut down their operations until the...

Deltin Group launches its first international casino

Indian offshore casino operator Deltin Group has launched its first casino outside of India, named Deltin Casino located at The Marriot Hotel at Kathmandu...

Silver Heritage secures US$1 million loan

Australia-listed Silver Heritage Group has secured a loan of US$1 million, which will be used for working capital purposes of the company.  The loan was...

Delta Corp to open a casino in Kathmandu

India-listed casino operator, Delta Corp has announced it has been issued a license for operating a casino in Nepal, with the opening of the...

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...

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