February soft opening

Tuesday 25th of October 2016

Tiger Palace Resort, Bhairahawa, a beautiful casino resort being constructed in Nepal on the border with India, is due to have its soft opening in February 2017.

430 million people live in India’s capital Delhi and three Indian states that border Nepal; and 15.5 million “middle class” Indians live within a six-hour drive of Tiger Palace Resort, Bhairahawa. There is also a 24-hour international border crossing between India and Nepal at Bhairahawa. Global Market Advisors LLC said in an April report that casino gambling by the growing middle class of Indian nationals had the potential to generate nearly US$10.2 billion annually by the year 2025 provided there was the right product close to home.

Tiger Palace Resort is scheduled to have a casino with a gross floor area (GFA) of 2,471 square metres (26,600 sq feet), containing 52 tables and 200 electronic gaming machines. The venue will have 100 rooms of five-star standard, plus two villas; and will have a built-up GFA of approximately 14,000 sq ms, within a 10-hectare (24.7-acre) site. With follow-up phases – eventually the venue will offer 400 hotel rooms.

The first phase of the property will have a pool, spa, tennis facilities, gym, conference hall, meeting rooms, facilities for weddings, six food and beverage outlets, and shops.

Construction of “auxiliary buildings” is 98 percent ready, and interior fit out of those areas 50 percent finished. The first phase of the resort has a budget of US$40 million.

Silver Heritage launched in the Millionaire’s Club and Casino, Kathmandu, in Nepal’s capital in early 2015, with 22 tables and 38 gaming machines, and access to 120 rooms at the on-site Shangri-La Hotel. Silver Heritage was founded in 2003 and currently manages gaming facilities in Vietnam as well as in Nepal. The company began trading on the Australian Securities Exchange on August 29 2016 (ASX:SVH), following an AUD25-million (US$18.8-million) initial public offering.

Silver Heritage will be at stand BB30 at the Macao Gaming Show.

Bricks & Mortar PR & Announcements Construction Development MGS16