Silver Heritage reports H1 results
The operator reported a 40% increase in revenues during the first six months of 2018.
Hong Kong.- Silver Heritage Group has reported its financial results for the first half of the year, which indicate that Tiger Palace casino’s performance in Nepal helped drive revenues to a 40% increase year-over-year.
The Asian regional casino operator operated in Nepal and Vietnam with approximately 350 slots and 74 gaming tables. Tiger Palace casino alone reported revenues of €9.6 million during the first half of the year, and the 40% increase helped the company’s finances increase during that period.
On the other hand, the group adjusted EBITDA was in the negative €1.5 million, compared to the positive €1.02 million registered last year. The performance suffered impact from the cost associated with the start-up at Tiger Palace.
