Delta Corp is the largest and only listed company within the gaming and hospitality segment in India. Delta Corp is rapidly expanding its gaming positions in Goa and currently offers 2,000 gaming positions. Delta Corp also has recently started a first of its kind integrated casino resort in Daman, with full benefits of the casino to accrue from middle of FY15.Delta Corp owns three offshore casinos in Goa out of a total of six, making it the dominant player in Goa. The total number of gaming positions in Goa is about 2000. A brief description of these casinos is as under : Deltin Royale, Goa is India’s largest live offshore gaming vessel. The ship has 950 gaming positions across 116 tables and 250 slot machines. The four-level casino also has an in-house dining and entertainment restaurant ‘Vegas’ and an exclusive lounge ‘Whiskys’, with an extensive single malt collection. It is also home to the Royale Poker Room, India’s largest dedicated Poker room. It also offers private gaming suites for select guests. Deltin JAQK, Goa is one of India’s leading live offshore gaming casinos with 500 gaming positions. Offering international games, live entertainment daily, and separate VIP gaming areas, the casino is also equipped with a helipad, and is serviced by high speed feeder boats from multiple jetties. The casino also houses a crèche and playroom for children, an Aquabar, and 2 VIP suites.Deltin Caravela, Goa, currently under renovation, is India’s first off-shore gaming casino. Once operational in this financial year, it will offer 200 gaming positions comprising 17 Live gaming tables and 10 slot machines.Deltin Suites, Goa, Deltin Suites is a Casino Hotel in Goa located 5 minutes from Candolim beach and is known for its intimate and stylish ambience.Daman :In March 2014, Delta Corp launched THE DELTIN, India’s largest integrated casino resort. Located at close proximity along the Mumbai – Ahmedabad route, this 176 room, 5 star hotel is an ideal gateway for gamers and vacationers alike. The soon to be launched casino at THE DELTIN will be spread over 60,00sq.ft., and will have approximately 1,000 gaming positions.
One gaming operator to watch in 2021 will be India’s Delta Corp., whose stock got a mid-month bump in December after it announced it had received approval in principle to build an integrated resort on shore in Goa.
Delta Corp has acquired about 100 acres of land in Pernem, Goa for a new integrated resort and expects the cost of shifting its operations from its floating casinos to be between 1,200 and 1,500 crore.
India’s land-based gaming industry is taking a step forward with news Delta Corp has been given permission in principle for an integrated resort in Goa.
Goa's Ports Minister Michael Lobo said all six of the state's offshore casino operators will be required to shift their office buildings to a river cruise jetty at their own cost, due to congestion in the city centre.
The initiative by the state government of Goa to reduce the casino licensing fees for local casinos due to the long mandatory period of Covid-19 closures is facing intense local opposition, including from the rest of the business community which has not been provided such relief measures.
India’s Delta Corp reported its third quarter results on Monday and, since its casinos were closed throughout the period by the Covid-19 pandemic, the numbers were appropriately grim.
Delta Corp has announced that it is moving quickly to reopen its casinos in Goa, and its stock price rose about 3 percent in the wake of that announcement.
All casinos in Goa have been greenlighted to reopen at 50 percent capacity from November 1 as measures to contain the Covid-19 pandemic are easing in many parts of India.
Delta Corp shares surged after it said its casino in Sikkim would reopen from Nov. 1, whilst casinos in Goa are also expected to reopen from the same date.
Delta Corp said it agreed to buy 45 percent of the shipbuilder of its Casino Royale vessel to provide long-term strategic benefits in terms of ship maintenance and building requirements.
Delta Corp, India’s largest and only listed casino operator, said it will focus on its growing online business to offset the impact of Covid-19 and says it sees a return to normality in the financial year ending March 2021.
Indian gaming operator Delta Corp. reported a striking increase in online gaming revenue during the quarter ending June 30, whilst land-based revenues were completely absent. Like many other markets, the shift online has been largely due to the coronavirus pandemic related lockdowns, which have encouraged more time spent on online play. The company posted a […]
Management of India-listed casino operator Delta Corp said it does not believe the Covid-19 pandemic to have any significant impact on the financial results of the group for the year ended March 31, 2020. The company reported a total income of 191.3 crores (US$25.3 million) for the year ended March 31, 2020, down from 213.53 […]
Delta Corp. has initiated an Rs. 125 crore (US$16.7 million) stock buyback plan in an attempt to arrest the sharp decline in its share price due to the closing of its casinos in Goa and Sikkim. The casino shutdowns were a result of a directive from the Indian government and a subsequent 21-day lockdown due […]
Not only Goa, but also the state of Sikkim, the small, mountainous Indian state wedged between Nepal and Bhutan, has gone under Covid-19 lockdown, including the closure of all casinos. Sikkim Chief Minister Prem Singh Tamang announced on Monday that entry of all domestic tourists has been banned. He also stated that all educational institutions, […]
Indian casino operator Delta Corp reported stagnant results in the quarter ending December 31 with almost INR2.1 billion (about US$29.4 million) in net income from operations, a figure that was virtually identical to the previous year.
India-listed casino operator, Delta Corp has announced it has been issued a license for operating a casino in Nepal, with the opening of the casino to happen “soon”. According to a filing to the National Stock Exchange of India, Delta Corp said the casino will be located at the five-star Marriot Hotel in Kathmandu, Nepal. […]
Delta Corp saw a slight increase in profit in the second quarter of 2019, increasing 2.6 percent year-on-year to Rs 42.5 crore (US$6.2 million). This came despite a slight decline in total revenue in the second quarter of 2019, falling one percent year-on-year to Rs. 236.8 crore. Gaming revenue increased slightly, up 2.6 percent year-on-year. […]
India’s online gaming sector has seen a spate of acquisitions in recent months as operators position themselves for strong projected growth, despite the ongoing regulatory uncertainties. In September last year Delta Corp, India’s largest hospitality and gaming company, acquired Adda52, also a top-ranking company when it comes to the Indian online gaming market. PokerStars, the […]
Indian gaming giant Delta Corp saw its June quarter net profit rise to Rs 28.6 crore, up 52 percent year-on-year, beating analysts’ expectations. Net sales / revenue for the gaming company rose 36.7 percent to Rs 109.9 crore, up from Rs 80.4 crore in the prior year period. This was due mainly to a 49 […]
Nepal is expecting further expansion of its casino industry as five-star hotels spring up across the country ahead of a major tourism initiative next year.
The fate of Goa’s floating casinos is still unclear as a deadline for their removal from the Mandovi River looms, with industry experts urging the government to proceed with caution when it comes to moving them to land.
Nepal has proposed new regulations to tighten oversight of its casinos, just five years after passing legislation to govern the sector, though some local operators have expressed disappointment at a ban on locals and high fees.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
Covid-19 forced the rapid and unexpected closure of venues across Australia, changing the operating environment with unprecedented speed and leaving managers scrambling to adapt...
A report from the Bank of Korea has highlighted the dire economic situation faced by Jeju’s eight casinos, including an estimate that their combined sales for 2020 will come in at less than a third of the figure recorded in 2019.
After a horrific year like 2020, what almost everyone wants to hear is that 2021 will be a year in which the world will gradually return to something like normality. That may very well be the story that develops over the course of the next twelve months, but no one should assume that a positive outcome is guaranteed.
While the pandemic may have brought tourism to a standstill, Suncity Group Holdings is showing no indication of slowing down its expansion plans in tandem, announcing an ambitious range of targets for 2021.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
