Australia-listed casino operator Silver Heritage Group Ltd. announced in a July 6 filing that it has appointed a new chairman, John Dougall.
On June 25, Dougall joined the board as an independent director and chairman. At the same time, James Edwards and Rodney Hall resigned as directors but stayed on with the company—Edwards as secretary and legal counsel for Australia, and Hall as chief operating officer.
Silver Heritage said it’s “delighted” with the addition of Dougall, noting he had “more than 16 years of experience as a director of entities” listed in the Australian Securities Exchange “operating in software, services and gaming.
“His experience, expertise, hands-on management style and dedication to the highest standards of corporate governance make him an extremely important appointment for the company,” the firm stated. It added that the departure of the former board members will reduce the board to a more “nimble size.”
In January, Hatch Australia Holdings acquired control of 92 percent of the issued share capital of Silver Heritage, which had gone into administration in May 2020. Silver Heritage is the developer of the Tiger Palace Resort Bhairahawa resort in Nepal, on the border with India.
According to GGRAsia, the other members of the board remain, including non-executive directors Ross Jackes and Ramon Garcia; executive director and CEO Kirk Arambulo; and executive director Raphael Consing.
A November 2020 filing to the Philippine Stock Exchange by DFNN Inc, said it owned 18.98 percent of HatchAsia Inc., the Philippines-based firm that was at the time seeking to recapitalize Silver Heritage.
