4 Nepali groups consider buying Tiger Palace Resort

The Tiger Palace Casino Resort looks like it is gaining plenty of attention from potential buyers. The Kathmandu Post reports four Nepali companies are considering buying the casino, with bids of up to $33 million.

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According to their sources, the Chaudhary Group, IME Group, Vishal Group, and a Nepali based in Malaysia are all competing to purchase the resort that’s been put up for sale by Australian operator Silver Heritage Group.

Despite opening to rave reviews, and having a second phase on the way with an additional 400 guest rooms, the Tiger Palace Resort hasn’t lived up to Silver Heritage’s expectations. They’ve had to suffer bad partnerships and underwhelming revenues, leading to an overall loss that left the company frustrated.