Saturday, January 19, 2019

Nepal

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.

Nepal bill ban concerns tourism industry

Nepal has banned the use of large denomination Indian currency notes in a move which tourism officials say may be detrimental to the industry.

Nepal to seize personal assets of tax defaulting operators

The Nepalese government has proposed new legislation that would give it the power to confiscate the personal property of casino operators who fail to...

Nepal tourism bill to be passed in next parliamentary session

Nepal’s Tourism Minister Rabindra Adhikari said a new Federal Tourism Act, which is expected to cover regulation of casinos, has been drafted and would...

Silver Heritage to sell assets, improve operations

Silver Heritage said its new chief financial officer, Ben Watiwat, has conducted a review of the group’s activities and has identified significant room for improvement in marketing and commercial operations.

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...

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