Silver Heritage Group is expected to open its expansive new Tiger Palace Resort Casino in Nepal early this month.
The debut of the property’s first phase, consisting of a casino and 100 villas, has been the subject of conflicting reports. A March 1 opening had been announced, but late last month, Silver Heritage requested a temporary halt in trading on the Australian Stock Exchange while it sorted out cost issues and other problems with getting Tiger Palace open.
That was on February 27. The company said at that time that it would announce a completion date and final project cost in approximately two to three weeks.
Silver Heritage likes Nepal for its proximity to India’s huge and hugely underserved gambling market. Casinos are mostly illegal on the subcontinent, which numbers more than 1 billion people who have a high propensity to gamble.
At full build-out Tiger Palace will feature a 400-room hotel, entertainment and dining attractions, retail shops, meetings and events space and a spa and pool, among other amenities. The 26,600-square foot gaming floor will offer 200 machine games and 52 table games, bringing Silver Heritage’s Nepal portfolio to three casinos with more than 1,000 slots and 200 tables.
