Delta Corp Limited

Delta Corp Limited
Public
Traded as BSE: 532848
NSE: DELTACORP
Industry Conglomerate
Founded 1985; 35 years ago
Area served
 India
Key people
 Jaydev Mody (Chairman)
Revenue ₹270,000 million (US$3.8 billion) (2018)[1]
Number of employees
 21690
Website www.deltacorp.in

Delta Corp Limited, previously known as Arrow Webtex Ltd., is an Indian real estate, gaming and hospitality corporation that owns and operates casinos and hotels under several brands. The company was founded as Creole Holdings Company Pvt Ltd on 5 November 1985. It is the largest and only gaming and hospitality industry in India. Delta Corp is a public company listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India Limited (NSE). It runs the majority of the offshore casinos on Panaji, Goa. It is the largest gaming company in India with a revenue of ₹INR 88 billion (2015).[2] The company operates casinos in three Indian states: Goa, Daman and Sikkim.

History

Delta Corp Limited was incorporated as a privately held company under the name Creole Holdings Company Pvt Ltd on 5 November 1985. The company became a deemed public limited company with the acquisition of shares by Finolex group and the name was changed to Creole Holdings Company Ltd on 2 June 1992. During the year 2003-04, Finolex Cables Ltd divested their shareholding in the company and thus the company ceased to be a subsidiary. On 25 September 2003, the company was converted into a private limited company.[3] In 2007, the company changed its name to Arrow Webtex Ltd. In 2008, the company once again changed its name to Delta Corp Limited, which is currently used.[4]

Delta Corp divisions

Real estate

Delta Corp holds a joint venture with Reliance Industries Limited and develops real estate in Kenya under the name of Delta Corp East Africa Limited (DCEAL).[5]

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.[6] 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.[7] Deltin owns three offshore casinos in Goa, making it a dominant player there. It also owns a number of casinos in Goa, namely Deltin Royale, Deltin JAQK, Deltin Caravela and Deltin Suites. In March 2014, the company launched The Deltin a INR 4,000,000,000 property which is India's largest integrated casino resort in Daman. Since these casino gaming vessels are anchored on Mandovi River in Goa, Delta Corp has acquired jetties (Betim, Reis Magos, Barcolento) and six feeder boats in order to ferry its customers from the main land to the offshore casinos.[8] In July 2016, the company acquired a temporary license to operate casinos in Gangtok, Sikkim.[9]

Hospitality

Delta Corp currently owns two hotels in Goa and one in Daman:

  • Deltin Suites, Goa
  • Deltin Palms, Goa
  • The Deltin, Daman

The company also owns a 35% equity share in Advani Hotels & Resorts India Limited. However, this is not operated or controlled by Delta Corp.

See also

Casino Goa Casino Sikkim

References

  1. ↑ "Delta Corp Annual Report" (PDF). Delta Corp.
  2. ↑ "Delta Corp Ltd". wikibusiness.org. Retrieved 8 September 2016.
    - "Delta Corp Ltd". www.deltacorp.in. Retrieved 8 September 2016.
  3. ↑ "Delta Corp Ltd". Edelweiss. Retrieved 23 February 2017.
  4. ↑ "Delta Corp Ltd". The Economic Times. Retrieved 23 February 2017.
  5. ↑ "About Us". Delta Corp Ltd. Retrieved 23 February 2017.
  6. ↑ "Delta Corp inches up after bagging license for a casino in Goa". Business Standard. Retrieved 8 September 2016.
  7. ↑ "Delta Corp surges as Goa extends offshore casino licenses". The Economic Times. 7 April 2016. Retrieved 23 February 2017.
  8. ↑ "Delta Corp: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Delta Corp". profit.ndtv.com. Retrieved 8 September 2016.
  9. ↑ "Delta Corp acquires temporary license to open new casino in India's Sikkim state". Calvin Ayre News. Retrieved 8 September 2016.
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