Monday, August 08, 2022

Silver Heritage engaging with government on licenses


Silver Heritage Group said it’s engaging with the Nepal government to ensure it has all the requisite permits and licenses for its resorts in the country.

The company said it has an excise license at its Tiger Palace IR for the entire hotel and resort, which it owns, operates and manages. It also has an excise license at The Millionaires Club and Casino Club in Kathmandu, where it manages just the casino.

“We are engaging the government to make sure that we have all requisite permits and licenses in place,” CEO Mike Bolsover said in an email. “Although it is not immediately clear, we may need to add a 3rd such excise license, and if so, we shall add the license.”

The comments followed reports in local newspapers that the The Inland Revenue Office raided the Tiger Palace over the weekend due to reports the casino was selling alcoholic beverages without a license.

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

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