Australia-based casino operator Silver Heritage Group Ltd. announced that it issue entitlements offer to raise new capital for Tiger Palace Resort in Nepal.

Tiger Palace Resort Bhairahawa’s original cost had been estimated at $40 million but construction delays pushed the Nepal casino resort’s price tag to $51.8 million.

In a regulatory filing on Friday, Silver Heritage launched a fully underwritten accelerated renounceable entitlement offer as it seeks more funds for the completion and construction of Tiger Palace and to provide working capital.

Silver Heritage pointed out that the Entitlement Offer is part of the measures that company implemented to ensure that the construction of Tiger Palace is completed in accordance with the revised budget and timeline.