Silver Heritage posts strongest quarter in 17Q4 since IPO

Australia-listed Silver Heritage Group recorded its strongest quarterly sales revenue since its IPO in August, in the fourth quarter of 2017.

Total unaudited sales revenue was $5.4 million in 17Q4, compared to $4.8 million recorded in 17Q3.

The company also noted that its Tiger Palace Resort in Bhairahawa, Nepal held its first major event last Friday, with visitation reaching over 660 patrons and 120 guests at the hotel.

Silver Heritage said participation in the event was “ahead of management expectations” with the casino receiving 50 percent more patrons than its new year event.

The company says it plans to hold its grand opening celebration event on March 16, 2018.