1) Mr.Rakesh Junjunwala avid investor has bought substantial share in the company and is on the board of the company.
2) The group has made profits in Q4 on standalone basis. Consolidated losses though incurred will vanish in FY 2015-16.
3) In
March 2014, Delta Corp launched THE DELTIN, India’s largest
integrated
casino resort. Located at close proximity along the Mumbai – Ahmedabad
route, this 176 room, 5 star hotel is an ideal gateway for gamers and
vacationers alike. The soon to be launched casino at THE DELTIN will be
spread over 60,00sq.ft., and will have approximately 1,000 gaming
positions.
4) All the factors will add to increased profitability of the company.
Following are some of the insights of the groups current position:
The GroupBy
virtue of possessing three out of the six issued offshore gaming
licenses in the state of Goa, Delta Corp is the largest and only listed
company within the gaming and hospitality segment in India. Delta Corp
is rapidly expanding its gaming positions in Goa and currently offers
2,000 gaming positions. Delta Corp also has recently started a first of
its kind integrated casino resort in Daman, with full benefits of the
casino to accrue from middle of FY15.
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Gaming and Entertainment :
Goa :
Delta
Corp owns three offshore casinos in Goa out of a total of six, making
it the dominant player in Goa. The total number of gaming positions in
Goa is about 2000. A brief description of these casinos is as under :Deltin Royale, Goa
is India’s largest live offshore gaming vessel. The ship has 1500
gaming positions across 116 tables and 250 slot machines. The four-level
casino also has an in-house dining and entertainment restaurant ‘Vegas’
and an exclusive lounge ‘Whiskys’, with an extensive single malt
collection. It is also home to the Royale Poker Room, India’s largest
dedicated Poker room. It also offers private gaming suites for select
guests.
Deltin JAQK, Goa is one of India’s
leading live offshore gaming casinos with 500 gaming positions. Offering
international games, live entertainment daily, and separate VIP gaming
areas, the casino is also equipped with a helipad, and is serviced by
high speed feeder boats from multiple jetties. The casino also houses a
crèche and playroom for children, an Aquabar, and 2 VIP suites.
Deltin Caravela, Goa,
currently under renovation, is India’s first off-shore gaming casino.
Once operational in this financial year, it will offer 200 gaming
positions comprising 17 Live gaming tables and 10 slot machines.
Daman :In
March 2014, Delta Corp launched THE DELTIN, India’s largest integrated
casino resort. Located at close proximity along the Mumbai – Ahmedabad
route, this 176 room, 5 star hotel is an ideal gateway for gamers and
vacationers alike. The soon to be launched casino at THE DELTIN will be
spread over 60,00sq.ft., and will have approximately 1,000 gaming
positions.
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Hospitality :Gaming
and hospitality go hand-in-hand. Both these are mutually inclusive and
reciprocating businesses, each driving the other. In fact, gaming and
hospitality globally form an unbeatable holistic experience that
attracts not only serious gamers, but tourists and families.
Delta
Corp had realised the synergistic advantage of gaming and hospitality
right from the beginning, and therefore, hospitality has always been an
integral part of the growth strategy.
Delta Corp currently owns
two hotels in Goa and has recently launched a hotel in Daman. In
addition, Delta Corp also has a substantial stake in the holding company
of Ramada Caravela Beach Resort, with no operational interest or
management control. A brief description of these hotels is :
DELTIN SUITES, Goa
Delta Corp recently launched an all-suite hotel namely Deltin Suites in
Nerul in north Goa. Deltin Suites is equipped with all modern amenities
and recreational facilities, including two restaurants, a lounge bar,
spa, gym and swimming pool. The property is a 5 to 10 minute drive from
the popular Candolim and Calangute beaches, and is close to boarding
points for Delta Corp’s casinos.
DELTIN PALMS, Goa
Delta Corp operates a boutique hotel named Deltin Palms which is used
primarily for Delta’s casino guests. The hotel is located on the banks
of the Mandovi River, and is a 5 minute feeder boat ride to the Delta
Corp’s offshore casinos.
THE DELTIN, Daman Delta
Corp owns a majority stake in Daman Hospitality Private Limited, which
in turn owns a 176 room five star deluxe property namely, The Deltin in
Daman. The Deltin is the largest integrated resort in Daman, spread over
10 acres with approximately 300,000 sq. ft. of developed area. This
hotel offers the largest banquet facility in the area with 3 bars, 4
speciality restaurants, 29,000 sq. ft. of indoor event (MICE space) and
8,000 sq. ft. high-end retail space.
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Real Estate :Delta
Corp holds a 39.2% interest in a joint venture with Reliance Industries
Limited to develop real estate in Kenya under the name of Delta Corp East Africa Limited (DCEAL).
DCEAL has invested approximately Rs 200 crores to acquire 10 prime
plots of land in Nairobi with a planned developable area of
approximately 1.2 million sq. ft. of commercial and residential assets.
Over
the last 5 years, Delta Corp has developed 5 commercial properties.
These properties have since been sold and Delta Corp has made a
profitable exit. As part of its consolidation strategy, Delta Corp is
exiting from the real estate business to focus on the core business of
gaming and hospitality.
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