Silver Heritage best sales to date, preps Tiger Palace grand opening

Australian-listed casino operator Silver Heritage Group says its fourth quarter sales were the best in the company’s young history, thanks in part to its new Nepal gaming venue.

On Wednesday, Silver Heritage provided a preview of its Q4 and FY17 earnings, while happily reporting that its unaudited sales in the three months ending December 31 totaled $5.44m, the strongest result since the company went public in August 2016.

The Q4 sales total indicates a steady progression from Q3 ($4.76m), Q2 ($4.1m) and Q1 ($4m), making a FY17 total of $18.26m (up from $16.9m in FY16). The preliminary audited Q4 and FY17 results will be released prior to February 28, while the company’s annual report will follow by March 31.

Silver Heritage is a joint venture partner in the Phoenix International Club casino in Vietnam, and also operates the Tiger Palace Resort Bhairahawa (pictured) in Nepal, which last year joined Silver Heritage’s original Nepalese gaming venue, the Millionaire’s Club Casino in Kathmandu.