Tuesday, October 16, 2018

Nepal

SVH revenue gains on Tiger opening, loss widens in 18H1

Australia-listed Silver Heritage Group saw a significantly widened of loss in the first half of 2018, due mainly to costs associated with its Tiger...

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...

Nepal government ditches plan to introduce separate Casino Act

The Nepalese government has u-turned on its decision to pass a separate Casino Act, and is now looking to attach casino-related laws into its...

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...

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...

TRENDING ARTICLES

Mombetsu Racecourse to resume operations next week

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Stepping up the pace

GameCo LLC, creator of the world’s first Video Game Gambling Machine, will showcase a key innovation whereby their games can achieve a similar pace of play as traditional slot machines, providing an increased level of Coin-In as well as a much greater degree of player engagement.

RTG releases new slot – Stardust

RTG Asia has announced the introduction of its newest, medium volatility, five-reel slot - Stardust. The slot follows the story of a fairy named...

TYM Performance

This year at G2E Las Vegas, Tangam will be unveiling TYM Floor Performance, a new product which revolutionizes how data is utilized by stakeholders to...

Macau stocks to be weighed by weak Q3 earnings: MS

While Macau’s casinos benefited from strong visitation during Golden Week, Morgan Stanley analysts warn that weak third-quarter earnings and cuts in 2019 estimates may...