Nepal Shangri La Hotel News Today : Breaking News, Live Updates & Top Stories | Vimarsana

January 25, 2021
Some eight months after being placed into administration by its main lender and Asian casino operator Silver Heritage Group Limited has now reportedly been officially purchased by Philippines enterprise HatchAsia Incorporated.
According to a report from Inside Asian Gaming, the Sydney-listed firm behind The Millionaire’s Club and Casino inside Nepal’s Shangri La Hotel and Resort was placed under the control of audit specialist KPMG in May after being unable to meet its debt obligations to backer OCP Asia. The source detailed that the company had strayed into the red owing to the delayed December of 2017 launch of its Tiger Palace Resort Bhairahawa venue alongside the loss of the contract to run gambling operations inside Vietnam’s Phoenix International Club, which had accounted for approximately 45% of its revenues. ....

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