Silver Heritage insists on Nepal casino
The Asian casino operator revealed that it’s still working on finding the necessary funding to finish the Nepal casino.
Nepal.- Silver Heritage Group Ltd revealed that the company is still working towards a solution to find the capital needed to complete the new and upcoming casino resort in Nepal. They estimate that the facility will be completed later this year.
Mike Bolsover, Silver Heritag’s chief executive, said in a firm’s meeting on Thursday that they’re not “quite there” with a finalized funding solution, but they’re actually quite advanced on several alternatives. He also commented that their objective is to announce the preferred solution shortly, as reported by GGRAsia. The company said back in March that it needed approximately US$14 million in order to be able to complete the project, as well as one million more as working capital.
“The challenge will then be to complete the exercise and deliver the funds in a timely manner to complete construction to the revised schedule and to open the hospitality and hotel public areas in August 2017, and the casino in November 2017,” he added.
