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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 crore to Rs 1,500 crore. “The integrated resort is expected to be one of its kind in the country,” Delta Corp’s company secretary Dilip Vaidya stated in a statement to the bourses.
Goa Investment Promotion Board had discussed Delta Corp’s proposal earlier in October based on which an in-principle approval was granted. The letter granting in-principle approval was issued in December.
In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Delta Corp issued a statement to inform investors about the development. “We hereby inform you that the company has received an in-principle approval from the Goa Investment Promotion and Facilitation Board for setting up of an integrated resort consisting of hotels, convention centre, multiplex cinema, retail area, electronic casino, water park and other facilities at Pernem, Goa,” the company statement said.
Delta Corp chief financial officer Hardik Dhebar had, in 2018, outlined the firm’s plans for the integrated resort complex, which will come up about five km away from the new airport. Records show that two years before the state government formulated its policy to shift casinos on-shore, Delta Corp had already crystallised its plans at Mopa.
However, the Covid-19 pandemic has affected these plans as the casinos were shut for a significant part of 2020-21, which in turn has affected cash flow. “The general expectations are that normalcy could be gradually restored by the end of financial year 2020-2021,” the company said recently in its financial statement.
The firm’s initial plan estimated that it would take 36-48 months to build the entire entertainment zone at Mopa and subsequently, shift all casino operations to the location. The Goa government’s present policy allows live gaming only on off-shore casinos and on-shore gambling is only via electronic means.
Delta Corp’s own records suggest that investment for the entertainment zone will come from multiple sources and firms and not only from the Jaydev Mody-led firm.
If completed, the project is expected to boost tourism, employment and infrastructure, particularly in Pernem.

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Delta Corp Ltd, Indias only listed gaming and hospitality company, today posted a net profit of Rs 16.38 crore for the June-September quarter, up from Rs 4.92 crore in the same quarter a year ago. Overview: Asia's largest live offshore gaming casino with 5 operational decks; Covers an area of 40,000 sq. With gaming area of more than 24,000 sq.

1. General Manager of Delta Corp, Dilip Vaidya, stated that the subsidiary of the company in Nepal was issued a casino gaming license for the Marriott Hotel in Kathmandu. The company entered a Memorandum of Understanding to lease the space at the five star hotel. The group is expected to begin operations in the near future.
2. 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, Nepal’s capital.