Nepal | World Casino News

Trio of Nepalese slot parlors ordered to close due to licensing fee failure

April 4, 2022

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Casino closures, Gaming Industry News, Economy/Finance, Licenses, Nepal, Fines, Lawsuits & Litigation

The government for the small Asian nation of Nepal has reportedly revoked the licenses of three land-based gambling establishments after the trio refused to hand over a combined $7.3 million in outstanding fees...

Silver Heritage Group Limited in negotiations over delinquent casino royalties

Adam Morgan

January 17, 2022

Casino News, Latest Casino and Gambling News, Casino closures, Gaming Industry News, Economy/Finance, Licenses, Taxation, Nepal, Bankruptcy

Asian casino operator Silver Heritage Group Limited is reportedly holding talks with the government of Nepal over whether it will still be required to hand over approximately $1.08 million in royalties attached...

HatchAsia Incorporated completes takeover of Silver Heritage Group Limited

Adam Morgan

January 25, 2021

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Nepal, Philippines

Some eight months after being placed into administration by its main lender and Asian casino operator Silver Heritage Group Limited has now reportedly been officially purchased by Philippines enterprise HatchAs...

Uncertain future for Nepal’s Tiger Palace Resort Bhairahawa

Adam Morgan

September 16, 2020

Casino News, Latest Casino and Gambling News, Casino closures, Gaming Industry News, Economy/Finance, Employment & Careers, Mergers, Acquisitions & Partnerships, Nepal

In Nepal and some 400 workers at the gambling-friendly Tiger Palace Resort Bhairahawa have reportedly had their employment terminated owing to the ongoing financial woes of the facility’s owner, Silver Heritage...

Silver Heritage Group Limited hit with second Nepalese injunction

Adam Morgan

August 27, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Nepal

Asian casino operator, Silver Heritage Group Limited, has reportedly announced that it has been served with a second interim injunction in Nepal relating to a plan that is to see it sell off its Tiger Palace Re...

Silver Heritage Group Limited looking to sell Tiger Palace Resort Bhairahawa

Adam Morgan

May 30, 2019

Casino Sales, Latest Casino and Gambling News, Casino News, Casino proposals, Casino expansion projects, New Hotels, Casino project updates, Gaming Industry News, Economy/Finance, Mergers, Acquisitions & Partnerships, Nepal

Silver Heritage Group Limited, located in the tiny Asian nation of Nepal, has reportedly opened talks with at least four parties said to be interested in buying its Tiger Palace Resort Bhairahawa venue. Shar...

Silver Heritage Group Limited hires Ben Watiwat

Adam Morgan

October 29, 2018

Latest Casino and Gambling News, Employment & Careers, Mergers, Acquisitions & Partnerships, Nepal

Asian casino operator Silver Heritage Group Limited has announced that it has hired Ben Watiwat to serve as its next Chief Financial Officer following the decision from predecessor Basil Jong to stand down ‘by ...

Another temporary stock suspension for Silver Heritage Group Limited

Adam Morgan

September 5, 2018

Casino proposals, Latest Casino and Gambling News, Economy/Finance, Nepal

Only a week after announcing that it had secured a parcel of land for the purposes of building its third casino in Nepal and Silver Heritage Group Limited has now reportedly been granted a temporary suspension ...

Silver Heritage Group Limited secures land for third Nepalese casino

Adam Morgan

August 28, 2018

Latest Casino and Gambling News, Casino proposals, Casino News, Mergers, Acquisitions & Partnerships, Nepal

After fully opening its Tiger Palace Resort Bhairahawa venue in January, Silver Heritage Group Limited has now announced a deal that has seen it secure an 18.4-acre parcel of land for the purposes of building a...

Nepal operators unhappy with apparent government u-turn

Adam Morgan

August 2, 2018

Gaming Law & Legislation, Latest Casino and Gambling News, Taxation, Nepal

Tourism and casino operators in the mountainous Asian nation of Nepal have reportedly expressed disappointment at an apparent government move to scrap proposed bespoke legislation that would have governed the l...

Silver Heritage Group Limited settles dispute with former partners

Adam Morgan

June 13, 2018

Casino Sales, Latest Casino and Gambling News, Mergers, Acquisitions & Partnerships, Nepal, Fines, Lawsuits & Litigation

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% st...

Silver Heritage working with Nepal government on licenses

Kim M

April 10, 2018

Latest Casino and Gambling News, Licenses, Nepal

Hong Kong-based Silver Heritage Group Ltd (ASX:SVH), which operates and manages, through wholly or majority-owned subsidiaries, Asian casinos and gaming assets in Vietnam, Nepal and Laos, reportedly said that i...

First of two planned Grand Openings for Tiger Palace Resort draws record crowd

Kim M

March 19, 2018

Latest Casino and Gambling News, Casino News, Casino openings, India, Nepal

Bollywood star Poonam Pandey and dance troupes from Thailand and the Ukraine were on hand this weekend to help Sydney-listed Silver Heritage Group Limited celebrate the Grand Opening of its Tiger Palace Resort ...

Second warning issued to royalty-defaulting Nepal casinos

Kim M

March 12, 2018

Casino News, Latest Casino and Gambling News, Nepal, Fines, Lawsuits & Litigation

In Nepal, after a week ago today issuing a three-day ultimatum to a total of five reportedly tax-defaulting casinos and mini-casinos, on Saturday a public notice was issued by the Department of Tourism directin...

Nepal govt issues tax-defaulting casinos three-day ultimatum; report

Kim M

March 6, 2018

Latest Casino and Gambling News, Taxation, Nepal, Fines, Lawsuits & Litigation

In Nepal on Monday, three reportedly tax-defaulting casinos and two mini-casinos were served with a three-day ultimatum by the Department of Tourism to either pay what’s owed or face legal action. The Kathma...

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Trio of Nepalese slot parlors ordered to close due to licensing fee failure

Silver Heritage Group Limited in negotiations over delinquent casino royalties

HatchAsia Incorporated completes takeover of Silver Heritage Group Limited

Uncertain future for Nepal’s Tiger Palace Resort Bhairahawa

Silver Heritage Group Limited hit with second Nepalese injunction

Silver Heritage Group Limited looking to sell Tiger Palace Resort Bhairahawa

Silver Heritage Group Limited hires Ben Watiwat

Another temporary stock suspension for Silver Heritage Group Limited

Silver Heritage Group Limited secures land for third Nepalese casino

Nepal operators unhappy with apparent government u-turn

Silver Heritage Group Limited settles dispute with former partners

Silver Heritage working with Nepal government on licenses

First of two planned Grand Openings for Tiger Palace Resort draws record crowd

Second warning issued to royalty-defaulting Nepal casinos

Nepal govt issues tax-defaulting casinos three-day ultimatum; report

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