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Tag Archives: Patrimoine Argent

Népal – Silver Heritage opte pour une administration volontaire

Australian-floated Silver Heritage Group, the operator of Tiger Palace Resort Bhairahawa in Nepal and The Millionaire’s Club in Kathmandu, has filed for voluntary administration. Having looked at selling some of its assets, it has now appointed KPMG as its administrator. The closures caused by the coronavirus pandemic came just months after the operator was give…

Vietnam – Silver Heritage leaves Vietnam with $5.25m paycheck

Silver Heritage Group has agreed to a ‘generally favourable’ settlement of US$5.25m which it will be paid by the owners of Phoenix International Club, Bac Ninh in Vietnam. The Phoenix was recently forced to close due to what Silver Heritage said were ‘breaches by the owner, primarily the requirement to maintain the gaming license.’ Following…

Vietnam – Vietnam’s Phoenix International Club closes following table ban

Vietnamese-operator Silver Heritage has halted operations at its Phoenix International Club in Bac Ninh pending an ‘announcement regarding its contract and operations’ after being told it was no longer allowed to operate tables. The company received notice from the General Manager of Phoenix that table games are no longer included in its revised investment certificate…

Nepal – Tiger Palace to open three VIP rooms as table drop soars

Nepal casino group Silver Heritage reported a 110 per cent upswing in table drop and 142 per cent increase in visitation at its Tiger Palace in Bhairahawa, in January. This was the first month since opening that it has been able to compare a year-on-year result. January saw table drop of US$2,128,000 compared with US$1,009,000…

Népal – Silver Heritage achète un terrain pour le Tiger Palace Resort Jhapa

Silver Heritage has bought a parcel of land in Jhapa, East Nepal for US$3.2m, where it will build Tiger Palace Resort Jhapa. Having built and opened South Asia’s first Integrated Resort, Tiger Palace Resort Bhairahawa, in Nepal close to the border with India’s most populous state, Uttar Pradesh, the company has decided to stick with…

Nepal – Second quarter revenues set new record for Silver Heritage

Nepal casino group Silver Heritage Group has seen its revenues soar in the second quarter of 2018 with Gross GGR of US$11.39m setting a new group record since listing on the ASX in 2016. Non-gaming and casino revenues were flying at its Millionaire’s Club and Casino in Kathmandu and its Tiger Palace Resort Bhairahawa. Group…

Népal – Silver Heritage nomme un nouveau président après une année « difficile »

Nepal casino operator Silver Heritage has appointed James Spenceley as its non-executive Chairman following the departure of former Chairman David Green after what it called a ‘challenging year’ for the company. Mr. Spenceley is famed for founding Australia’s fourth largest telecommunications company Vocus Communications in 2007 which he turned into a AU$5bn business. Silver Heritage…

Népal – Silver Heritage organise l’inauguration du Tiger Palace

Silver Heritage Group a maintenant procédé à l'inauguration de son premier complexe hôtelier intégré 5 étoiles – Tiger Palace Resort à Bhairahawa, au Népal. Mené par la vision de transformer le paysage du divertissement en Asie du Sud, l'événement d'ouverture s'est étalé sur deux jours, le samedi 16 mars et le dimanche 17 mars 2018. Les invités ont assisté à des spectacles de danse d'artistes ukrainiens…

Népal – Tiger Palace réalise son meilleur trimestre depuis son introduction en bourse en août 2016

L'opérateur népalais Silver Heritage Group a déclaré que les revenus de son Tiger Palace Resort à Bhairahawa "ont dépassé ceux du trimestre précédent en produisant le chiffre d'affaires trimestriel le plus élevé depuis l'introduction en bourse de la société en août 2016". Le chiffre d'affaires total non audité pour le quatrième trimestre 2017 s'est élevé à 5.44 millions de dollars américains, contre 4.76 millions de dollars américains pour le troisième trimestre,…