Papua New Guinea could soon enter the regulated casino sector for the first time, with the Pacific Pearl project in Port Moresby moving closer to opening almost two decades after legislation established a framework for casino gaming. Located on the waterfront within the Paga Hill Special Economic Zone, a short distance from the capital’s city center, Pacific Pearl has begun recruiting staff as developers prepare for a potential launch later this year. The project still requires final licensing approval before […]

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Japanese casino equipment giant Angel Group Company Limited is reportedly set to buy back gear worth approximately $300,000 from beleaguered operator Imperial Pacific International Holdings Limited. According to a report from Inside Asian Gaming, the move from the Kyoto-headquartered playing cards giant comes after a local court lifted an injunction against the auctioning of the casino firm’s assets. The source explained that this reclamation exercise was arranged via debt collections specialist Clear Management Limited and is to encompass a complement […]

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Asian casino operator NagaCorp Limited has reportedly indefinitely suspended its plan to bring a $350 million Las Vegas-style gambling development to eastern Russia’s Primorye Integrated Entertainment Resort zone. According to a report from Inside Asian Gaming, the Hong Kong-listed firm used an official Thursday filing to declare that it now faces ‘various uncertainties’ with regards to realizing its under-construction Naga Vladivostok project and has subsequently been forced to trigger a ‘force majeure clause’ contained within its ‘investment agreement’ so as […]

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In Nepal, casino operator Silver Heritage Group Limited, has reportedly settled a dispute with a pair of former investors after an entity known as, Tiger Kathmandu Investment Private Limited, purchased a 10% stake in its SHL Management Services Private Limited subsidiary. According to a Tuesday report from GGRAsia, Sydney-listed, Silver Heritage Group Limited, holds a 90% stake in SHL Management Services Private Limited, which runs its recently-opened Tiger Palace Resort Bhairahawa integrated casino resort as well as The Millionaire’s Club […]

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Only two weeks after David Green abruptly stood down as its Chairman, and Asian casino operator Silver Heritage Group Limited has announced that Richard Barker has resigned in a similar sudden fashion as a non-executive director. Sydney-listed Silver Heritage Group Limited is responsible for the Tiger Palace Resort Bhairahawa integrated casino resort in Nepal and used a short Monday statement (pdf) to explain that Barker had left his post ‘with immediate effect’ after deciding not to stand for re-election at […]

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Asian casino operator Silver Heritage Group Limited has announced that David Green has abruptly resigned as its Chairman and has been replaced on an interim basis by independent director Matthew Hunter. Sydney-listed Silver Heritage Group Limited is responsible for the Tiger Palace Resort Bhairahawa integrated casino resort in Nepal and used a brief Monday press release (pdf) to explain that Green, who moreover served as a non-executive director, had left ‘for both personal reasons and also to enable him to […]

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