Silver Heritage Ltd., a Hong Kong-based company, has been appointed as the new operator of the Shangri-La Casino Goldsbet casino located in Kathmandu. In early February, the Nepalese Ministry of Culture, Tourism and Civil Aviation granted the firm a special license, allowing them to begin gaming activities.

The Shangri-La was once managed by the Malaysian business Star Management. The closure occurred due to labor strife and stringent government control.

The casino business in Nepal has faced significant upheaval since 2013, when the government mandated that casinos must pay yearly royalties totaling NPR40 million (equivalent to about US$400,000). When casino operators refused, the amount was reduced to NPR30 million in 2014.

The attempt to lower fees was unsuccessful, and in April of last year, the Nepalese government damangame1.in declared all casinos unlawful due to their failure to meet payment obligations. Subsequently, some establishments have closed, resulting in the unemployment of numerous individuals and negatively impacting the local tourism sector.

There has been a notable desire to reopen the Everest Casino located within the premises of the Hotel Everest. Operations at a gaming location in Soaltee are also anticipated to recommence.