Goa Investment Promotion Board clears Delta Corp project

Goa’s Investment Promotion board has approved 11 projects, including one from Delta Corp. to build an entertainment hub in Pernem.

According to the Times of India, the board was meeting after a long hiatus and was focused on clearing projects in “fast-track mode.” It gave no further details of the approvals.

Delta is India’s largest and only listed casino operator.

In December last year, it announced had bought about 100 acres of land in Pernem, Goa for a new integrated resort and said it expected the cost of shifting its operations from its floating casinos to be between 1,200 and 1,500 crore.

The company plans to transfer all of its offshore operations to the new resort, which will include hotels, a water park, retail, a convention center and a multiplex cinema. Delta specified that the IR will have an “electronic” casino, indicating however that the government has not yet changed its stance when it comes to offering table games in land-based properties. 

Delta owns three of Goa’s six floating casinos and also has a property in Sikkim and a five-star resort in Daman, for which it has applied for a casino license. It is also expanding into Nepal.

The government has been seeking to shift Goa’s floating casinos from the Mandovi River for years. But news that Delta would invest in a land-based property was seen as a potential game changer for the industry, allowing for international standard facilities.

“The integrated resort is expected to be one of its kind in the country,” Delta said. “The project is expected to boost tourism, employment and infrastructure of the state of Goa.”

India is seen as one of the most promising gaming destinations in Asia. Online skill-based gaming is legal and booming, despite court challenges at the state-level in several areas. Its tourism sector is also expanding as consumer spending power grows, with a 25.3 percent jump in domestic visits to individual states in 2019