Tiger Palace to face delay
The upcoming Nepal casino will push back its opening date.
Nepal.- Silver Heritage Group announced that the opening of its Tiger Palace Resort Bhairahawa will face a delay because of temporary unexpected reasons. The Nepal casino was supposed to launch a soft opening this month.
According to the company, “a shortage of liquidity in the Nepal Banking System” along with “unanticipated delays in the issuance of approval for Silver Heritage to increase the equity ceiling of its corporate investment vehicle in order to fund construction costs” were the main reasons why they had to delay the opening. Silver Heritage said that they’re expecting the process to take a few more weeks. The luxury entertainment venue is one of the most expected five-star hotel for the Asian tourism industry. Visitors will enjoy a 26,597 square feet casino floor featuring 200 slots as well as 52 gaming tables.
The Asian operator revealed back in October that the first phase of the construction of the 100-room Tiger Palace Resort was almost finished; the foundations were set, whilst the five-star property’s interior walls, columns and roof were “75 percent complete.” The Tiger Palace will include 400 hotel rooms in total. The initial inversion of Silver Heritage was of US$40 million. The first phase of construction will set a pool and spa service as well as wedding, tennis and gym facilities alongside a conference hall, meeting rooms, shops and six food and beverage outlets.
