Thursday, September 21, 2017

Tiger Palace casino resort hotel soft launch

The Australian Stock Exchange listed Silver Heritage Group did a soft opening – for hotel accommodation-only – of its Tiger Palace Resort in Bhairahawa.
"The development of Tiger Palace continues ahead of schedule and within the revised budgeted cost of $51.8 million and the first paying hotel guests were booked in for September 20,” said the firm in a Wednesday filing to the Australian Securities Exchange.
Work on hospitality facilities including a spa, gym and swimming pool was 'being completed over the next 10 days," the document reads, adding that the casino remains on schedule to open by November 30 and the casino operations team have begun their training programme on site at Tiger Palace in the southern plains.
The Boutique Asian casino operator and developer's 2016 annual report, published in March, described Tiger Palace as a 'five-star resort hotel' with a 100-room. "The resort would have a gaming area of 2,471 sq metres (26,600 sq feet), with 462 sq metres of that for 'high limit customers'. The casino would have 'at least' 52 tables and 200 electronic gaming machines, according to the annual report.
The new venue is near Nepal’s border with the Indian state of Uttar Pradesh, one of that country’s wealthiest measured by gross domestic product (GDP), and which does not offer legal casino gambling.
According to the report by business consultancy Global Market Advisors LLC (April 2016), casino gambling by the growing middle class of Indian nationals had the potential to generate nearly $10.2 billion annually by the year 2025 provided that the right product was close to key Indian markets.

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