Casino operator Silver Heritage Group has finally received the official okay to launch gaming operations at its new casino in Nepal.
Late last week, the Australian-listed Silver Heritage informed the markets that the Ministry of Culture, Tourism and Civil Aviation of Nepal had issued Silver Heritage subsidiary SHL Management Services a casino operation license at the Tiger Palace Resort Bhairahawa in accordance with Nepal’s Casino Rules 2070.
The announcement brought an end to the company’s prolonged delays in opening its gaming venue at Tiger Palace. The company opened the property’s hotel to guests in September, and the casino floor was supposed to open in November. However, construction delays forced the company to push back the filing of its gaming license application.
Tiger Palace is located mere minutes away from the border with the Indian state of Uttar Pradesh, from which the company expects to attract the majority of its casino customers. India has authorized casinos in only three of its jurisdictions, and Uttar Pradesh – the country’s most populous state with over 200m inhabitants – is not one of them.