The biggest casino operator in India, Delta Corp disclosed it has won the bid to build the first land-based integrated resort in Goa. Delta landmark move was unveiled on Friday.
The company disclosed to investors that it had gotten an approval in-principle from the Investment Promotion and Facilitation Board of Goa to build an integrated resort in Pernem which happens to be the northern part of the state. According to Delta, they stated that the venue can become one of its kind in the entire nation.
Online operating revenue from Indian gaming leader Delta Corp could overshadow the market cap of the entire company within the next two years, according to Union Gaming analyst John DeCree. PANAJI: Delta Corp has acquired close to 100 acres of land where it plans to shift all its off-shore casinos and initial estimates by the firm had pegged the total cost of the shift to Rs 1,200.
Some of the features of the resort are a convention centre, hotels, a multiplex cinema, a water park retail shopping, and, most importantly, an electronic casino. The thing is, the electronic casino is vital due to the current betting regulations in GOA which restricts live casino table games to the six floating casinos in the state.
At this time, Delta provided no timeframe for the time work will start regarding its new land-based resort neither did they state the time the facility will be open to the public.
Currently, the Goa operations of Delta is made up of 3 shipboard casinos and one land-based location at its Deltin Suites hotel which happens to be five-star.
For years, the government of GOA has made several proclamations to limit waterborne betting by mandating its casino licensees that are floating to bring their activities ashore. Previously, the government promised to build a dedicated gaming zone close to the Mopa airport which is under development in the Pernem area – even though the details of this plan are still sketchy and yet to be finalized.
Recently, GOA permitted its casinos to restart operations after prolonged shutdown necessitated by the pandemic. However, the restart hasn’t been going as planned. In November, local officials were clearly outraged at guests visiting the casino especially those that flagrantly disregarded social distancing and the requirements to wear masks.
Officials of Goa recently disclosed that police will now go with health inspectors on casino embarkation point trips with the promise that anybody that is caught breaking the medical safety measures would be pictured and heavily fined.
That is not enough deterrent for some residents who became alarmed at the latest reports that several casino staff tested positive for the dreaded COVID-19 virus.
Some nearby states have reacted accordingly by stopping Goa residents from entering their states. This prompted Goa locals to voice out their concerns regarding why Goa had not carried out similar measures.
The answer to this is that the casinos at Goa are out of bounds to locals which makes them completely dependent on tourists.
Source: https://calvinayre.com/2020/12/14/casino/delta-corp-goa-integrated-resort-casino/
- India
- World
- Companies
- Market
- Personal Finance
- Automobile
- Small Business
- More ...
231.30
3.40(1.49%)Change%
23.00401.60
23.00
231.30
3.55(1.56%)Change %
23.00401.30
23.00
| Category | No. Of Shares | Share % |
|---|---|---|
| ForeignPromoters | 0.00 | 0.00% |
| IndianPromoters | 88,797,440.00 | 33.18% |
| Mutual Funds/UTI | 17,897,710.00 | 6.69% |
| FII | 60,701,511.00 | 22.68% |
| Employee | 0.00 | 0.00% |
| Public | 76,255,674.00 | 28.50% |
| Government | 0.00 | 0.00% |
| Others | 23,606,391.00 | 8.82% |
Valuation Measures
| Market Cap / Sales Ratio | 15.08 |
| Basic EPS (Rs.) | 2.28 |
| Cash EPS | 2.79 |
| BVPerShare Excl | 41.19 |
| Operating Revenue | 12.00 |
| PBDITPerShare | 4.40 |
| Dividend | 0.35 |
| NPPerShare | 2.27 |
| Current Ratio | 6.36 |
| Quick Ratio | 6.21 |
| PriceToBV | 4.39 |
| Earnings | 0.01 |
| PBDIT Margin | 36.69 |
| PBT Margin | 27.49 |
| NP Margin | 18.93 |
| Return On Assets | 4.97 |
| Retention Ratios | 91.21 |
| Parameter | Mar-17 (₹ Cr.) | Yoy%change |
|---|---|---|
| Total Income | 282.79 | |
| Total Expenses | 206.40 | |
| EBITDA | 101.99 | |
| PBT | 76.41 | |
| PAT | 52.62 | |
| Net Income | 52.62 |
| Parameter | Mar-18 (₹ Cr.) | 6M % change |
|---|---|---|
| Total Income | 223.63 | |
| Total Expenses | 133.96 | |
| EBITDA | 81.68 | |
| PBT | 86.92 | |
| PAT | 55.80 | |
| Net Income | 0.00 |
Total Assets
Total Assets
| Parameter | Mar-17 (₹ Cr.) | Yoy%change |
|---|---|---|
| Total share capital | 23.16 | |
| Net worth | 954.12 | |
| Investments | 420.36 | |
| Total Liability | 1,058.47 | |
| Total debt | 43.97 | |
| Net block | 205.80 | |
| Total Assets | 1,058.47 |
| Parameter | Mar-17 (₹ Cr.) | 6M % change |
|---|---|---|
| Total share capital | 23.07 | |
| Net worth | 895.79 | |
| Investments | 424.42 | |
| Total Liability | 1,020.52 | |
| Total debt | 49.09 | |
| Net block | 212.33 | |
| Total Assets | 1,020.52 |
| Curr Price | Change% | |||
|---|---|---|---|---|
Adani Ports & Special Economic Zone Ltd. | 371.25 | 374.25 | -0.8 | 373.5405.5 |
Banaras Beads Ltd. | 53.25 | 54.45 | -2.2 | 5257 |
Binani Industries Ltd. | 87.85 | 88.3 | -0.51 | 87.196 |
Dredging Corporation Of India Ltd. | 556.85 | 558.6 | -0.31 | 551604.9 |
Future Consumer Ltd. | 53.9 | 54.5 | -1.1 | 52.759.7 |
Gateway Distriparks Ltd. | 165.95 | 167.7 | -1.04 | 164177.55 |
Info Edge (India) Ltd. | 1177.85 | 1170 | 0.67 | 11521243.9 |
| Curr Price | Change% | |||
|---|---|---|---|---|
Adani Ports & Special Economic Zone Ltd. | 372 | 373.5 | -0.4 | 372.75418 |
Alpha Hi-Tech Fuel Ltd. | 0.87 | 0.91 | -4.39 | 0.870.87 |
Anil Ltd. | 28.9 | 30.4 | -4.93 | 28.928.9 |
Bagalkot Udyog Ltd. | 23.9 | 25.15 | -4.97 | 23.923.9 |
Banaras Beads Ltd. | 53.45 | 55.2 | -3.17 | 50.258.75 |
Binani Industries Ltd. | 87.6 | 88.2 | -0.68 | 8898.8 |
Brahmanand Himghar Ltd. | 4.08 | 4.29 | -4.9 | 4.084.08 |
| Parameter | Mar-17(in ₹ Cr.) |
|---|---|
| Cash from operating activities | 81.71 |
| Cash from investing activities | -53.95 |
| Cash from financing activities | -21.35 |
| Net change in cash | 6.41 |
About Management
2007-Arrow Webtex Ltd has appointed Mr. Rajesh Jaggi as a Director of the Company.- Company name has been changed from Creole Holding Co Ltd. to Arrow Webtex Ltd.2008- Once again company name changed from Arrow Webtex Ltd. to Delta Corp Ltd.- The Company has splits its face value from Rs10/- to Rs1/-.2010- Acquisition of stake in M/s. Advani Pleasure Cruise Company Pvt. Ltd amounting to 50.99%.2011- Agreement to acquire stake in M/s. Marvel Resorts Private Limited.- 'Acquisition of majority stake in Daman Hospitality ('THUNDERBIRD RESORTS')'.2012- Delta Corp acquires 11 acre in Sri Lanka to develop 5-star hotel.--Registered Office of the Company has been shifted from Clover Classic, G-4, Ground Floor, North Main Road, Koregaon Park, Pune - 411 001, Maharashtra to Peninsula Centre No. 4, Galaxy Co-Operative Housing Society, Off. Dhole Patil Road, Pune - 411 001, Maharashtra2013-Delta Corp Ltd & its wholly-owned subsidiary, Victor Hotels & Motels Ltd. has received the necessary approvals for commencing its offshore gaming operations on board its casino vessel.2014- Delta Corp Ltd's Luxury resort 'The Deltin' at daman receives 5 star accreditation.-Delta Corp Ltd. - Engagement of Yes Bank Ltd, as a Merchant Banker.-Delta Corp Ltd launches 'The Deltin in Daman, Indias largest Luxury Gaming Resort'.-The Registered office of the company has been shifted from old address to '10, Kumar Place, 2408, General Thimayya Road, Pune - 411001.'2015-Delta Corp Limited's all-suite hotel, Deltin Suites, in Goa receives Five Star accreditation-Delta Corp gets license to operate casino in its Goa hotel.2016-Delta Corp has been granted license by the Government of Goa to operate their vessel 'M V ROYALE FLOTEL -DELTIN CARAVELA' in the Mandovi River.2017-Delta Corp gets a provisional gaming license for Sikkim for operations of a Casino in Gangtok
Registered Office
2nd Floor, Bayside Mall, Tardeo Road, Haji Ali,
22-40794700, 22-40794777,
secretarial@deltin.com
http://www.deltacorp.in
Delta Corp Casino News Today
Delta Corp Casino News Atlantic City
Market News
Latest Market Videos
Delta Corp Daman Casino News
Please enable JavaScript to view the comments powered by Disqus.