Tuesday, July 23, 2019

Nepal

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.

Nepal performance ahead of prior year: Silver Heritage

Silver Heritage Group’s Tiger Palace Resort Bhairahawa saw its GGR improve by approximately 30 percent year-on-year in May, compared to the prior year period....

At least four Nepali companies eye Tiger Palace operations

There are at least four Nepali companies looking to purchase the Tiger Palace Casino Resort in Bhairahawa after casino operator Silver Heritage Group put...

Silver Heritage sees improving revenue in Nepal

Silver Heritage say business improved substantially in the quarter to end-March at both its Tiger Palace Resort in Bhairahawa and at its operations in Kathmandu.

Tiger Palace opens to VIP gaming

Silver Heritage’s Tiger Palace Resort in Nepal has opened up to VIP gaming with three new rooms catering to high rollers. The 4,500 square feet...

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.

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