Wednesday, September 18, 2019

Nepal

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...
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 Generic

Hotel boom leads to new casino plans in Nepal

Nepal is expecting further expansion of its casino industry as five-star hotels spring up across the country ahead of a major tourism initiative next year. 
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. 

No formal court documents regarding encroached land: SVH

Silver Heritage Group said it has not been formally served any court documents or evidence in relation to allegations that its Tiger Palace Resort...

Nepal government relaxes border casino restrictions

The Nepalese government has relaxed the minimum distance requirement for setting up casinos near international borders, local media reports.  In a cabinet meeting on June...

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 hotel and casino employees return to work

Protesting workers at the Hyatt Regency Kathmandu have reportedly returned to work, although the hotel has not yet resumed operations, Mukti Dahal, general secretary of the All Nepal Hotel Casino and Restaurant Workers Union was cited as saying.

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