Tuesday, June 19, 2018

Nepal

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.

Govt to bring casino industry in line under new Act

With the Nepalese gaming industry expected to boom, the government has announced it will be submitting a new casino bill aimed at encouraging foreign...

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 experiences opening hiccups

Silver Heritage held the gala opening for its Tiger Palace Resort in March, though the IR has run into problems with a former partner...

Silver Heritage posts 18Q1 loss, GGR ramp up in Nepal

Australia-listed Silver Heritage Group posted a total adjusted EBITDA loss of US$1.9 million for the first quarter of 2018, according to a 18Q1 trading...

Nepal casino raided for locals gambling

Nepali police raided the Hotel Soaltee’s Mahjong Casino in Kathmandu on Tuesday night arresting eight people, including the property’s CEO and managing director, for...

Silver Heritage engaging with government on licenses

Silver Heritage Group said it’s engaging with the Nepal government to ensure it has all the requisite permits and licenses for its resorts in...

Silver Heritage confident consultancy termination valid

Australia-listed Silver Heritage Group said it’s confident that a consultancy agreement with a former partner at its Nepal IR was validly terminated. In a statement...

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