Second Nepal casino in the works?
Boutique casino developer and operator Silver Heritage Group has officially opened the gaming floor at its Tiger Palace Resort Bhairahawa in Nepal. Gaming kicked off at a New Year’s Eve party on December 31.
The company’s SHL Management Services Pvt Ltd. subsidiary paid an initial casino license fee of NPR20 million (about $US194,000) and a casino royalty fee of NPR30 million (US$291,000) for the Nepalese fiscal year.
A soft opening of the property’s 100-room hotel—located near the border of Nepal and the Indian state of Uttar Pradesh—was held September 20.
Mike Bolsover, managing director and CEO of Silver Heritage, told GGRAsia, “The chairman and board of directors of Silver Heritage and I are extraordinarily grateful to everyone who helped bring this vision to life, including the committed and supportive shareholders in Silver Heritage and the citizens and the government of Nepal.
“We are humbled by the dedication and support of all of those people involved in designing, developing, building, completing, and finally opening Tiger Palace Resort Bhairahawa,” he said. “The future is indeed bright for the company and for the people of Nepal and tourism in this country.”
Silver Heritage also runs the Millionaire’s Club and Casino in Kathmandu, Nepal’s capital, and the Phoenix International Club, near Hanoi in Vietnam.
Silver Heritage may have another resort in the works, indicating in a September business update that it has identified a possible new site in Nepal near the borders of Bihar and Sikkim in India and a short distance from India’s border with Bangladesh.
