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Hotel at Nepal's Tiger Palace Resort Bhairahawa open again

Hotel at Nepal’s Tiger Palace Resort Bhairahawa open again
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Its long-term future may be clouded following a recent takeover of its parent company, Australian-listed Silver Heritage Group, by a Philippines conglomerate but Nepal’s Tiger Palace Resort Bhairahawa took a step towards recovery this week as it opened its hotel to guests for the first time since the start of the COVID-19 pandemic.
Shuttered since 23 March 2020, Tiger Palace this week welcomed its first guests in almost a year with CEO Dhananjay Regmi and staff of the Nepal Tourism Board stopping by to celebrate the occasion. Casinos across Nepal remain closed although ....

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New owner for Silver Heritage Group Limited

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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Santa Claus and the power of 3

Published December 22, 2020, 6:00 AM
Historically, the month of December tends to be strong for stock market investors. At the Philippine Stock Exchange (PSE), the so-called Santa Claus rally is underway and this is attributed to news about the various COVID-19 vaccines’ rollout ongoing in several countries as well as lower unemployment and improved manufacturing levels in the country during the fourth quarter.
There’s a saying that “all good things come in threes” which dates back to medieval times. In terms of symbolism, the number three is assigned a special role across many cultures and religions such as the Holy Trinity and the Three Wise Men in the Christian bible. Even in politics, “third time’s the charm” applies to candidates who succeed after three attempts, like US President-elect Joe Biden who sought his party’s nomination three times and made it on the third try. ....

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