The Asian casino operator Silver Heritage Group which owns the Tiger Palace Resort Casino in Nepal is expected to finally open the new resort on March 1st.
The project was initially set to see its soft launch in February this year, with the official opening of a casino and 100 villas. However, at the beginning of the month, the Australia-listed casino operator revealed its decision to delay the opening of the new casino situated in Nepal. Silver Heritage Group has announced the difficulties faced while raising the funds needed for the completion of the casino venue project as the main reason for the delay.
In October 2016, the owners of Tiger Palace Resort Casino Nepal has set a soft opening date in February this year, but at the beginning of the month it filed a notice revealing that some temporary unexpected delays of the new hotel and casino project were being faced by the company.
When finally completed, the venue will feature a casino, 400-room luxury hotel, entertainment and dining areas and various venues. The high-class hotel is planned to be built at two phases. The owners of the Nepal Tiger Resort project have previously revealed their plans to open a couple of other casinos situated at the Indian border, and offer over 200 table games and 1,000 electronic gaming machines at all three locations of the Tiger Palace Resort venues.
Last July, Silver Heritage Group initiated an initial public offering (IPO) which ended up with raising about $18.8 million, which were aimed at helping the company fund some of its future projects, including the one in Nepal.
The casino floor at the gaming and casino resort in Nepal is located at almost 26,600 square feet, featuring 52 gaming tables and 200 slot machines. What is more, the new Tiger Palace Resort is to offer a spa service and a pool, as well as a number of gym facilities in addition to the entertainment and dining areas. The visitors of the resort will also be given the chance to use a special conference hall, meeting rooms, various food and beverage outlets as well as a number of shops.
At the time when Australia-listed Silver Heritage Group revealed that the soft opening of the resort is to be delayed for a few weeks, it explained that the “shortage of liquidity” was the reason why the new Tiger Palace Resort is to be unveiled in March.
- Author
Daniel Williams
