The Silver Heritage Group has announced the appointment of Darryl Kaplan as a non-executive director of the company with immediate effect.
Kaplan has over thirty years experience in the fields of law, corporate finance and investments, primarily in Australia and South Africa. He previously worked as a lawyer at Mallesons Stephen Jaques in Sydney.
In October, Silver Heritage was hit by the resignations of Chairman James Spenceley and Non-Executive Director Michael Bassett, and the appointment of Kaplan appears to be an effort to rebuild.
The firm was forced to cease operations at the Phoenix International Club in Vietnam in March, which had previously produced about 45 percent of its income.
Silver Heritage still runs The Millionaire’s Club and Casino in Kathmandu, as well as Nepal’s first IR, the Tiger Palace Resort, in Bhairahawa.
AstroPay is the pioneer payment solution for thousands of consumers in Latin America, Asia and Africa, who want to purchase online on international sites, that helps merchants access new markets through its main product, AstroPay Card.
Gaming suppliers, like all areas of the industry, have felt the pinch from the Covid-19 crisis, though their growing digital businesses have proved a bright spot and helped offset the impact of the crisis.
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy - the gaming industry.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.