Delta Corp Casino
- Delta Corp Limited ('Delta Corp')is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. We, along with our Subsidiaries, currently own and operate casinos in India, in the states of Goa and Sikkim, offering approximately 1,800 gaming positions.
- Delta Corp added that it is unable to estimate the quantum of potential losses on account of the impact of this closure and the coronavirus pandemic at this time. The scrip was currently trading 1.45% lower at Rs 84.80. Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India.
Casino and hotel operator Delta Corp Ltd has said that it will acquire a 45% stake in Waterways Shipyard Pvt Ltd, which owns a shipyard in Udupi, Karnataka, on India’s west coast.
Delta Corp said that it will acquire the shares for Rs 15.5 crore via its subsidiary Delta Pleasure Cruise Co Pvt Ltd.
Delta Corp is currently the only publicly listed gaming and hospitality company in India, going by an investor presentation of the firm.
According to Delta Corp’s exchange filing, Waterways Shipyard has constructed 60 vessels including one named Casino Royale, which is operated by one of its own subsidiaries.
“Given the significance of marine vessels to the company’s casino business, this investment is expected to bring strategic benefits and a long-term partner to support Delta Group’s vessel building and maintenance requirements,” Delta Corp said in its statement.
Delta’s Goa operations currently consist of three shipboard casinos and one land-based venue at its five-star Deltin Suites hotel. Goa’s government has for years been vowing to curtail waterborne. Delta Downs Racetrack Casino Hotel captures the spirit, style, and charm of New Orleans with a dynamic mix of gaming excitement, horse racing action and pageantry, multi-screen off-track betting, live entertainment, and delicious food. Delta Corp is engaged in the entertainment and gaming, real estate, hospitality and aviation segments of the industry. The company operates its gaming and hospitality businesses under the DELTIN.
Incorporated in 1982, Waterways Shipyard had a gross turnover of Rs 11.8 crore for 2018-19, up from Rs 8.6 crore the previous year, but below Rs 13 crore for 2016-17.
Following this announcement, Delta Corp’s stock was trading higher by just under 2% on Friday. Delta Corp says that it plans to close the share purchase by 31 December 2020.
Casino and hotel operator Delta Corp Ltd has said that it will acquire a 45% stake in Waterways Shipyard Pvt Ltd, which owns a shipyard in Udupi, Karnataka, on India’s west coast.
Delta Corp said that it will acquire the shares for Rs 15.5 crore via its subsidiary Delta Pleasure Cruise Co Pvt Ltd.
Delta Corp is currently the only publicly listed gaming and hospitality company in India, going by an investor presentation of the firm.
According to Delta Corp’s exchange filing, Waterways Shipyard has constructed 60 vessels including one named Casino Royale, which is operated by one of its own subsidiaries.
Delta Corp Casino Rewards
“Given the significance of marine vessels to the company’s casino business, this investment is expected to bring strategic benefits and a long-term partner to support Delta Group’s vessel building and maintenance requirements,” Delta Corp said in its statement.
Incorporated in 1982, Waterways Shipyard had a gross turnover of Rs 11.8 crore for 2018-19, up from Rs 8.6 crore the previous year, but below Rs 13 crore for 2016-17.
Following this announcement, Delta Corp’s stock was trading higher by just under 2% on Friday. Delta Corp says that it plans to close the share purchase by 31 December 2020.