Silver Heritage targets March grand opening for Nepal casino

The Nepal operations of Australia-listed casino operator Silver Heritage Group Ltd. will go full throttle this year, starting with the grand opening of its new integrated resort in Kathmandu.

In a regulatory filing on Wednesday, Silver Heritage announced that the hotel, gaming and hospitality facilities of Tiger Palace Resort Bhairahawa will become fully operational in March, while its VIP rooms with eight tables will be functional in the fourth quarter of the year.

Silver Heritage claims that Tiger Palace Resort is the “the first purpose-built integrated resort in South Asia,” excluding the floating casinos in Goa, India.

Silver Heritage has been chasing after Indian high-rollers who have been overlooked and undervalued by other casino operators due to the appeal of Chinese gamblers. According to the company, “India will have the world’s largest middle class consumption on an annual basis in 2030,” growing by as much as $12.8 trillion compared with China’s $10 trillion.