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