Silver Heritage chairman David Green abruptly resigns

In a surprise development, Hong Kong-based, Australia-listed casino operator Silver Heritage Group has parted ways its Chairman, David Green. The company operates casinos in Nepal and Vietnam.

The company officially informed about the resignation “with immediate effect” On Monday. The communication hinted that the resignation was “for personal reasons.” Only thing the communication further revealed is that the move would “enable him to focus upon other business interests.”

The company thanked Green for his “considerable effort and input during his tenure as director.” Matthew Hunter, an independent director since 2014, has been installed as interim chairman.

The company did not reveal anything on further process that might be forthcoming to find a permanent replacement, which indicates that Green’s exit was something of a surprise.

This is the second major executive departure Silver Heritage has endured in nine months. Last August, co-founder Tim Shepherd exited the firm in equally speedy and vague fashion, despite the company being on the cusp of opening its Tiger Palace Resort Bhairahawa casino on Nepal’s border with India.

Tiger Palace had its grand opening this March, although the property’s VIP and premium mass gaming areas still were not ready to accept high-rolling guests. Despite the limited offering, the company recently claimed that business at Tiger Palace has continued to grow since its launch.