Delta Corp Casino In Nepal
- Delta Corp said in the press note on Thursday after market hours that its subsidiary in Nepal has been issued a licence for operating a casino in the country. The operations of the casino at the.
- Delta Corp reported last Thursday that it has issued a licence for its Deltin Group subsidiary to run a casino in Nepal. The announcement follows the company’s announcement in October 2017 that it had signed a memorandum of understanding with Everest Hospitality and Hotel Pvt Ltd to lease space at the Marriott Hotel being built in Kathmandu.
- India’s largest casino operator has been granted a gaming licence in Nepal. Inkedin reports that Delta Corp has finally secured the gaming licence after first sticking a casino management deal in the country more than two years ago. Delta Corp reported last Thursday that it has issued a licence for its Deltin Group subsidiary to run a casino in Nepal.
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| Type | Public |
|---|---|
| BSE: 532848 NSE: DELTACORP | |
| Industry | Conglomerate |
| Founded | 1985; 35 years ago |
Area served | Worldwide |
| Jaydev Mody (chairman) | |
| Revenue | ₹50,000 million (US$700 million) (March 2019)[1] |
Number of employees | 11500 |
| Website | www.deltacorp.in |
Ndia’s only listed casino company, Delta Corp Ltd, is set to operate a casino at the Marriott Hotel in Kathmandu. Reportedly, it will be the company’s first market presence outside India. “Our subsidiary in Nepal has been issued a licence for operating a casino in Nepal,” Delta Corp confirmed to the Bombay Stock Thursday. Delta Corp Limited, previously known as Arrow Webtex Ltd., is an Indian gaming and hospitality corporation that owns and operates casinos and hotels under several brands. It is India’s only listed company engaged in casino (live, electronic and online) gaming. They are the largest player in organised gaming, their first-mover advantage across the under-penetrated industry in India has.
Delta Corp Limited, previously known as Arrow Webtex Ltd., is an Indian gaming and hospitality corporation that owns and operates casinos and hotels under several brands. It is India’s only listed company engaged in casino (live, electronic and online) gaming. They are the largest player in organised gaming, their first-mover advantage across the under-penetrated industry in India has enabled them to secure a leadership position in the Indian gaming and entertainment industry. It runs the majority of the offshore casinos on Panaji, Goa. It is the largest gaming company in India with a revenue of ₹INR 4829.10 Cr.[2]
History[edit]
Delta Corp Limited was incorporated as a privately held company under the name Creole Holdings Company Pvt Ltd on 5 November 1985. The company became a deemed public limited company with the acquisition of shares by Finolex group and the name was changed to Creole Holdings Company Ltd on 2 June 1992. During the year 2003-04, Finolex Cables Ltd divested their shareholding in the company and thus the company ceased to be a subsidiary. On 25 September 2003, the company was converted into a private limited company.[3] In 2007, the company changed its name to Arrow Webtex Ltd. In 2008, the company once again changed its name to Delta Corp Limited, which is currently used.[4]
Delta Corp divisions[edit]
Entertainment and Gaming[edit]
On 1 December 2015, Delta Corp Limited announced that it had been granted a license to operate a casino at its Deltin Suite in Goa.[5] On 6 April 2016, the Government of Goa extended the company's offshore casino license to operate casinos on the Mandovi River until 31 March 2017.[6] Deltin owns three offshore casinos in Goa, making it a dominant player there. It also owns a number of casinos in Goa, namely Deltin Royale, Deltin JAQK, Deltin Caravela and one luxury hotel, Deltin Suites. In March 2014, the company launched The Deltin a INR 4,000,000,000 property which is India's largest integrated casino resort in Daman, named as The Deltin. Since these casino gaming vessels are anchored on Mandovi River in Goa, Delta Corp has acquired jetties (Betim, Reis Magos, Barcolento) and six feeder boats in order to ferry its customers from the main land to the offshore casinos.[7] In July 2016, the company acquired a temporary license to operate casinos in Gangtok, Sikkim.[8] Through the acquisition of online poker site Adda52.com, they established their presence in India’s online gaming business. In a recent development, Delta Corporation, has announced that it has acquired shares in Halaplay Technologies Pvt. Ltd, the company which operates Halaplay, a fantasy sports website.
Deltin Royale
With five operational decks, Deltin Royale is Asia’s largest offshore gaming vessel and a premium casino. It offers 964+ gaming positions spread across 65,000 sq. ft. comprising 120+ gaming tables, 4 VVIP gaming rooms, and 60+ slot machines. It has India’s largest dedicated poker room – Royale Poker Room. The first-ever World Poker Tournament organized in India was proudly hosted at Deltin Royale.
Deltin JAQK
Operational since 2008, Deltin JAQK, with four decks, caters primarily to the value-oriented segment. It is spread across 40,000 sq. ft. and has a separate VIP gaming area, and offers 431+ gaming positions, comprising 50+ gaming tables and 15+ slot machines. It provides entertainment for the entire family, with a dedicated playroom and a crèche for toddlers. The casino is also equipped with an aqua bar and two VIP suites.
Deltin Caravela
It is an affordable gaming destination with 217+ gaming positions, spread across 25,000 sq. ft.
Jalesh Cruises
Delta Corp owns the right to operate and manage the casino on the first cruise vessel and also the right to operate casinos in all further cruise vessels of Jalesh.
Deltin Denzong
To expand gaming footprint to other regions, they partnered with Hotel Welcome Heritage Denzong Regency to set up a casino in Sikkim. The casino, which services the eastern region of India, offers 206+ gaming positions and is spread across 15,000 sq. ft. gaming area and has a separate VIP gaming area.
Deltin Nepal
They have joined hands with Nepal-based Everest Hospitality and Hotel Pvt. Ltd. to operate a casino in the 235-room 5-star Marriott Hotel in Kathmandu. This is in line with the Company’s strategy of expanding its imprint in the region. The casino is spread across 15,000 sq. ft. and has 220+ gaming positions, with a separate VIP gaming area.
Hospitality[edit]
Delta Corp currently owns one hotel in Goa and one in Daman:
- Deltin Suites is a 106-room all-suite hotel and casino in Goa, with a gaming area aggregating 1,000 sq. ft. with 59+ gaming positions, located at a distance of 5–10 minutes from the popular Candolim and Calangute beaches, it is close to the boarding points for the offshore casinos.
- The Deltin, Daman is a 176-room five-star deluxe property and the largest integrated resort spread over 10 acres, with 3,00,000 sq. ft. of developed area. It offers the largest banquet facility in the area, with three bars, four specialty restaurants, 27,000 sq. ft. of indoor event catering to Weddings and MICE space, and 8,000 sq. ft. high-end retail space. The hotel is a 2.5-hour drive from Mumbai, and a similar driving distance from major cities in Gujarat.
The company also owns a 35% equity share in Advani Hotels & Resorts India Limited. However, this is not operated or controlled by Delta Corp.
See also[edit]
Delta Corp Casino In Nepal Uae
References[edit]
- ^'Delta Corp Annual Report'(PDF). Delta Corp.
- ^'Delta Corp Ltd'. wikibusiness.org. Retrieved 8 September 2016.
- 'Delta Corp Ltd'. www.deltacorp.in. Retrieved 8 September 2016. - ^'Delta Corp Ltd'. Edelweiss. Retrieved 23 February 2017.
- ^'Delta Corp Ltd'. The Economic Times. Retrieved 23 February 2017.
- ^'Delta Corp inches up after bagging license for a casino in Goa'. Business Standard. Retrieved 8 September 2016.
- ^'Delta Corp surges as Goa extends offshore casino licenses'. The Economic Times. 7 April 2016. Retrieved 23 February 2017.
- ^'Delta Corp: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Delta Corp'. profit.ndtv.com. Retrieved 8 September 2016.
- ^'Delta Corp acquires temporary license to open new casino in India's Sikkim state'. Calvin Ayre News. Retrieved 8 September 2016.
External links[edit]
Other
India’s Delta Corp aims to operate a casino in Nepal
Delta Corp Casino In Nepal City
The agreement was signed with Everest Hospitality and Hotel Pvt Ltd, “for leasing space at the upcoming five-star Marriott Hotel in Kathmandu, Nepal,” said Delta Corp in a filing to the Bombay Stock Exchange.
Everest Hospitality and Hotel is a subsidiary of Nepal-based hospitality firm MS Group. The 235-room Marriott-branded hotel is scheduled to open next year, in the Naxal area of Kathmandu. Marriot International Inc manages another hotel property in Nepal – developed by the MS Group – that opened earlier this year.
“Delta will initiate steps to obtain a casino licence from the Government of Nepal and the commencement of operations of the casino will be subject to receipt of this licence,” stated the casino firm in its latest filing.
It added: “With this proposed casino in Kathmandu, Delta aims to expand its imprint outside India, in line with its strategy of expanding in the region.”
Delta Corp Casino In Nepal Pakistan
Delta Corp, controlled by businessman Jaydev Mody, currently operates casinos in the Indian states of Goa and Sikkim.
Nepal is already host to a few casino venues. Boutique Asian casino operator and developer Silver Heritage Group Ltd said last month it had a soft opening – for hotel accommodation-only – of its Tiger Palace Resort Bhairahawa in Nepal. The firm is targeting to open the casino by November 30, 2017.
Source: GGRAsia