To reduce overhead and variable costs, Australia-listed gaming operator Silver Heritage Group assigned its revenue sharing agreements to manage electronic gaming machines at a Laos casino to a third party.

In a filing on Monday, Silver Heritage has tapped Pan Asia Leaders to manage the electronic gaming machines at Dansavanh Nam Ngum Resort and Casino in Laos for a consideration of US$500,000

Silver Heritage pointed out that the move will “significantly reduce overhead and variable costs of its Laos-based operations.”

It added that the agreement is part of the casino operator’s strategy “to focus its resources on the Tiger Palace Resort Bhairahawa development and its casino operations in Nepal and in Vietnam.”