Silver Heritage lays off 400 at Tiger Palace

The Australian company has confirmed it has laid off 400 members of staff in Nepal.

Nepal.- The Australian casino operator Silver Heritage Group has announced the layoff of 400 members of its staff at its Nepal casino, Tiger Palace Bhairahawa.

According to a report in The Himalayan Times, the company sent an email to the employees on September 9 informing them that their two-year contracts had been terminated and that they would not be reappointed.

The company attributed the decision to the difficult financial situation provoked by the Covid-19 pandemic.

Workers staged a protest in front of the casino, to demand reinstatement. They argue that the firm is violating Nepal’s Labour Act.

Silver Heritage entered into receivership on May 18. Last month, Philippines-based HatchAsia put forward a proposal to take over the company and inject AU$530 million (US$387 million) in cash.