Silver Heritage rakes in $3.9 million Q1 revenue

Australia-listed casino operator Silver Heritage Group Ltd. posted US$3.9 million revenue in the first quarter of the year.

In a regulatory filing on Monday, Silver Heritage announced that 61.6 percent of its revenues came from gaming operations at Phoenix International Club (pictured) in Vietnam’s Bac Ninh province, near the country’s border with China’s Guangxi province.

The remaining 33.1 percent of the quarterly group revenue came via operations at the Millionaire’s Club and Casino in Kathmandu, Nepal.

Its reported quarterly adjusted earnings before interest, taxation, depreciation and amortization (EBITDA) amounting to $654,000. Data also showed that Silver Heritage’s gross profit for the January to March 2017 period was $1.59 million.