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India’s largest casino operator Delta Corp says it’s won approval to build the first land-based integrated resort in the state of Goa.
Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. It currently own and operate casinos in Goa and Sikkim, offering approximately 1,800 gaming positions. Asia's largest gaming and entertainment destination, Deltin Royale offers an extraordinary gaming experience, live entertainment and world-class gourmet cuisine. Rated as the Best Casino in India, Deltin Royale is a must-visit of every Goa trip!
On Saturday, Delta informed investors that it had received in-principle approval from the Goa Investment Promotion and Facilitation Board to set up an integrated resort in the city of Pernem in the northern portion of the state. Delta humble-bragged that the venue is “expected to be the one of its kind in the country.”
The resort plans to feature hotels, a convention center, a multiplex cinema, retail shopping, a water park and, yes, an ‘electronic casino.’ The electronic qualifier is necessary due to Goa’s existing gambling regulations restricting live casino table games to the state’s six floating casinos.
Delta offered no timeline for when it might proceed with developing its new land-based offering, nor when the facility might open to the public. 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 gambling by requiring its floating casino licensees to bring their operations ashore. The government previously pledged to create a dedicated gaming zone near the in-development Mopa airport in the Pernem area, although few details of this plan have been finalized.
Goa recently allowed its casinos to resume operations after a lengthy pandemic shutdown but the restart has been anything but smooth sailing. Last month, local officials expressed outrage at casino guests who publicly ignored social distancing and mask-wearing requirements.
Goa officials recently announced that police would now accompany health inspectors on trips to the casinos’ embarkation points with the promise that anyone caught flouting the medical precautions would be photographed and fined.
That’s not enough for some local residents, who expressed alarm at recent reports that a number of casino staff had tested positive for COVID-19. Some neighboring states have reacted by barring entry to Goa residents, prompting some Goans to wonder why Goa hadn’t enacted similar measures (the answer being that Goa’s casinos are off-limits to local residents, making them utterly dependent on tourism).
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© India Today Group Delta Corp share zooms 11% as Goa govt allows casinos to operate from November 1Delta Corp share price rose 11 percent intraday amid reports that the Goa government has allowed casinos to reopen from November 1. Share price of Delta Corp has gained after 2 days of consecutive fall. The stock opened with a gain of 2.54% at Rs 111 against previous close of Rs 108.25 on BSE.
The stock touched an intraday high of Rs 120 , rising 10.85%. Delta Corp share trades higher than 5 day, 20 day, 50 day, 100 day and 200-day moving averages. The share has lost 41.64% in one year and fallen 42.01% since the beginning of this year.
The stock has gained 68 percent in the last 6 months. It touched 52-week high of Rs 224.75 on December 2, 2019 and a 52-week low of Rs 54 on March 25, 2020.
The share has lost 41.64% in one year and fallen 42.01% since the beginning of this year.
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Total 4.89 lakh shares changed hands amounting to turnover of Rs 5.62 crore. Market cap of the firm rose to Rs 3065 crore on BSE. Later , the share closed 6.70% or Rs 7.25 higher at Rs 115.20
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The Goa government has allowed casinos in the state to restart operations which have been shut since March when the Covid-19 pandemic broke out in the country.
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Announcing the decision, Goa chief minister Pramod Sawant said Wednesday that the decision was taken with a view to 'promote tourism activity in the state.' The casinos in the state had been urging the government to allow the restart of operations, which they said would help boost the tourism arrivals in the state and provide an added attraction to tourists visiting the state.