Richard Barker resigns, won’t seek new board term with Silver Heritage

Silver Heritage Group Ltd (SHG) out of Australia announced last Monday that Richard Barker has suddenly resigned from his position as a non-executive director, effectively immediately. In conjunction with the resignation, Barker won’t seek reelection during SHG’s annual general meeting, scheduled for the day after tomorrow.

In a filing with the Australian Securities Exchange, SHG reported that Barker resigned in order to “focus on other business interests.” According to the SHG corporate website, Barker has been an executive who “specialized in mergers and acquisitions, capital raisings and corporate financial advice.” The company’s filing stated, “The board of directors thanks [Mr.] Barker for his input and efforts during his tenure as a director.”

Barker’s departure marked the second seen by SHG this month. David Green, who was the company’s chairman and a non-executive director, resigned last May 7. SHG cited the same “personal reasons” as they did for Barker when Green resigned.

SHG operates a new Nepalese property, Tiger Palace Resort Bhairahawa, close to Nepal’s border with Uttar Pradesh in India. The property is one of three run by the boutique casino operator, along with the Phoenix International Club near Hanoi, Vietnam and the Millionaire’s Club and Casino in Kathmandu.