Asian casino operator Silver Heritage Group Limited reportedly opened the casino inside its Tiger Palace Resort Bhairahawa venue in Nepal yesterday evening after receiving a gambling license late last week.

According to a report from GGRAsia, Sydney-listed Silver Heritage Group Limited stated that its SHL Management Services (KTM) Pvt Limited subsidiary received the casino operating license from Nepal’s Ministry of Culture, Tourism and Civil Aviation on Thursday after earlier agreeing to pay an ‘initial casino license fee’ of around $194,000 alongside an annual duty worth approximately $291,000.

Located only about seven miles from the Nepalese border with India, the Tiger Palace Resort Bhairahawa reportedly features a 26,597 sq ft casino offering some 200 slots alongside 52 gaming tables and held a ‘soft opening’ for its 100 hotel rooms on September 20.

“Tiger Palace [Resort Bhairahawa] is now fully open and its first major event is a New Year’s Eve celebration 2018 to be held on December 31,” reportedly read a Thursday statement from Silver Heritage Group Limited.

Led by Hong Kong-born Mike Bolsover as Managing Director and President, Silver Heritage Group Limited was established in 2003 and additionally manages and operates the Phoenix International Club near Hanoi as well as The Millionaire’s Club and Casino inside Kathmandu’s Shangri La Hotel and Resort.

“The Chairman and board of directors of Silver Heritage [Group Limited] and I are extraordinarily grateful to everyone who helped bring this vision to life including the committed and supportive shareholders in Silver Heritage [Group Limited] and the citizens and the government of Nepal,” Bolsover reportedly told GGRAsia.

GGRAsia reported that Silver Heritage Group Limited moreover revealed in September that it is now considering the prospect of opening another casino in Nepal nearer to the nation’s border with the northern Indian state of Bihar.

“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,” Bolsover reportedly told GGRAsia. “The future is indeed bright for the company and for the people of Nepal and tourism in this country.”