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 agrees to buy 45% of Casino Royale shipbuilder (Company announcement)
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, 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 […]