Dec 14, 2018 A subsidiary of listed gaming company Delta Corp Limited, Daman Hospitality Private Limited, on December 13 submitted a writ petition in the Bombay High Court asking the court to direct the Union Territory administration to grant a casino license to the company under Section 13A of the Goa, Daman and Diu Public Gambling Act, 1976. 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. Ft Commenced operations in August 2013. Delta Corp Limited is betting big on the casino gaming industry in India and has already started two offshore casinos in Goa i.e., Casino Royale and Kings Casino. India’s largest casino operator, Delta Corp, has filed a writ petition with the Bombay High Court in the hope of forcing authorities in the union territory of Daman and Diu to issue a casino license. I have decided to share my valuation of Delta Corp with an Indepth analysis after 3 months of research to answer this question.I believe that Delta Corp has potential to be one of the best Multibaggers as in2 2016–17. To see the Complete Valuatio. Delta Corp divisions Entertainment and Gaming. 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. 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. Mar 28, 2018  Delta Corp slumps 15% after Goa government hikes casino licensing fees The government revised the fee structure for onshore as well as.

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Delta Corp (formerly Arrow Webtex Limited) has been engaged in the business of textiles and real estate development/consultancy. Having started as a pure textile player, Delta Corp Limited has transformed into a diversified company, with interests in real estate (in India as well as East Africa), gaming and entertainment, aviation, and hospitality. Delta Corp has de–merged its textile business into a new entity which is now called Arrow Textiles. Delta Corp is promoted by Jaydev Mody, an eminent and successful Indian entrepreneur and erstwhile managing director of Peninsula Land (PLL) (promoted by the Ashok Piramal Group). Mody, with more than 20 years of experience in real estate, has an established track record of sighting promising sectors, building value and witnessing windfall gains. He is credited with building and developing 'Crossroads', one of the first shopping malls of international standards in India. In addition, Mody has also been instrumental in setting up the Ashok Piramal group's real estate and retail business comprising of PLL and Pyramid Retail Limited (PRL) and is on the board of PLL and PRL.

Divisions:

1. Real estate:

Delta Corp, through its subsidiaries and JVs, intends to ride the growth wave of development in the East African countries. Delta Corp has formed a joint venture company with Reliance Industries Limited (RIL Group), namely, Delta Corp East Africa (DCEAL), through its wholly–owned subsidiary Delta Pan Africa (DPAL). DCEAL has already acquired close to 803,720 sq–ft of land with a development potential of closed to two million sq–ft. It has planned a combination of commercial office space development, retail and hotel projects.

Delta Corp also provides Real Estate consultancy services to Peninsula Land which comprise of conceptualisation, designing, procuring permissions, etc. for an agreed consideration.

2. Entertainment and gaming:

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Delta Corp Daman Casino License Key

Delta Corp Limited is betting big on the casino gaming industry in India and has already started two offshore casinos in Goa i.e., Casino Royale and Kings Casino. Casino Royale is India?óÔé¼Ôäós largest casino vessel with four operational decks with 10,098 sq–ft gaming area having 50 gaming tables, 30 slot machines, 6,000 sq–ft of live kitchen managed by China Garden and other entertainment areas like live music on the rooftop. Since these casino gaming vessels are anchored on River Mandovi in Goa, Delta Corp has acquired four jetties namely, Betim, Reis Magos, Barcolento and Noah?óÔé¼Ôäós Ark as well as six feeder boats in order to ferry its customers from the main land to the offshore casinos.

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The company is also in the early stage of establishing a 7,000 sq–ft land base casino in Daman. It has also acquired approximately 34.9% stake in Advani Hotels & Resorts (India) Limited through its subsidiary company, Delta Hospitality Private Limited. Advani is the owner of the hotel Ramada Caravela Beach Resort and, through its subsidiary, operates an offshore casino in Goa named 'Casino Goa' aboard the vessel ?óÔé¼?£M V Caravela?óÔé¼Ôäó.

3. Aviation and hospitality:

Delta Corp Limited has also forayed into the aviation sector by providing charter flight services. AAA aviation Pvt. Ltd. has NSOP license for non–scheduled airline business and its fleet currently includes a helicopter, (Robinson R ?óÔé¼ÔÇ£ 44) and an aircraft (Beechcraft King Air C90 B). Through aviation business, Delta Corp intends to provide services like chartered aviation services; aircraft and helicopter sales; logistics and distribution network; air and ground crew training facility; fixed base operation, etc.

4. Hospitality business:

Management at Delta Corp believes that hospitality business in India has a long–term growth prospect. In order to tap the opportunity available in the hospitality sector, Delta Corp has formed a JV with Peninsula Land limited i.e., PLL Delta Hotel Limited (?óÔé¼?£PLLDHL?óÔé¼Ôäó). Going forward, PLLDHL intends to develop 3/4 star 100–bed hotels in various urban locations in India primarily in southern and western India.

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Subsidiaries:

?óÔé¼?ó Delta Hospitality

?óÔé¼?ó PLL Delta Hotels

?óÔé¼?ó AAA Aviation

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?óÔé¼?ó Highstreet Cruises & Entertainment

Delta Corp Daman Casino License Renewal

?óÔé¼?ó Delta Pan Africa