CASINO

Silver Heritage begins operation of Nepal casino; Grand Korea Leisure eyes casinos in cruise ships

TAGs: grand korea leisure, Kirby Garlitos, Mike Bolsover, Nepal, Shangri La, Silver Heritage, South Korea

silver-heritage-begins-operation-of-nepal-casino-grand-korea-leisure-eyes-casinos-in-cruise-shipsSilver Heritage Limited (SHL) has begun operation of the Millionaire’s Club & Casino at Shangri-La Hotel in Kathmandu, Nepal.

While the casino itself isn’t a huge property, having only 22 live gaming tables and 40 electronic gaming machines, the opportunity to invest in the country was too good of an opportunity to pass up for SHL.

“The company has been looking to invest in the Nepali tourism and recreation industry since 2011,” SHL CEO Mike Bolsover said in a statement. “We are confident the Kathmandu development represents a huge opportunity given its proximity to India and China’s massive and growing middle class and Nepal’s cultural affinity with its Southern neighbor.”

According to SHL, the idea is to offer expanded gaming opportunities for Indian, Chinese and Bangladeshi gamblers within the vicinity of the casino, as well as foreign nationals living in Nepal. SHL plans to operate the property on a 24/7 basis.

SHL also has plans to run a hotel/resort in Bhairahawa to complement its core investment business that provides leasing and revenue sharing solutions for a number of casinos located in Asia.

SHL is also heavily entrenched in the Asia-Pacific region as an operator of slot machines and electronic casino table games in places like Macau, the Philippines, Vietnam, Northern Marianas, Cambodia, Laos, and cruise ships touring international waters.

GRAND KOREA LEISURE WANTS TO GO SAILING
Over in South Korea, local casino operator Grand Korea Leisure Co. announced a plan to operate casinos on cruise ships. The company has already engaged a consulting agency to determine the feasibility of the project.

The decision to venture into casinos on cruise ships came after South Korean authorities took steps to adopt new rules designed to promote the cruise industry. Part of these new rules is to allow foreigners-only casinos on Korean cruise ships displacing more than 20,000 tons.

“We’ll consider various options, such as operating casinos on foreign cruise lines’ ships or directly setting up cruise lines,” an unnamed Grand Korea Leisure official told The Korean Times.

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