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Delta Corp Reviews

Mumbai, Maharashtra

4.7/ 5

3 reviews

Delta Corp Limited, incorporated in 1990 and headquartered in Mumbai, Maharashtra, stands as India's only publicly listed company operating in the regulated casino gaming sector. Initially established with a focus on textiles and real estate consultancy, the company strategically pivoted to the leisure, entertainment, and luxury hospitality industries, building a robust, vertically integrated business model over the subsequent decades. The core of Delta Corp's operations resides in its dominant Casino Gaming segment, which accounts for the vast majority of its revenue. The company maintains a leading position in the organized Indian casino market, offering over 1,400 gaming positions across live, electronic, and offshore formats. Its most prominent assets include major offshore casino vessels operating on the Mandovi River in Goa, such as the renowned Deltin Royale—celebrated as one of Asia's largest offshore gaming vessels with 950 gaming positions—and Deltin JAQK. Beyond offshore vessels, Delta Corp operates land-based casinos, including the Deltin Suites Casino and Deltin Zuri in Goa, alongside the Deltin Denzong in Sikkim. The firm has also expanded its geographic reach internationally through operations like the Deltin Casino International in Nepal. Complementing its extensive gaming ecosystem is Delta Corp's Hospitality segment, which is designed both to service casino guests and to operate as independent premium destinations. Key properties under this vertical include The Deltin, a sprawling 176-room five-star luxury resort located in the union territory of Daman, featuring high-end dining, bars, and convention facilities. Additionally, the company operates Deltin Suites, a 106-room all-suite hotel property in Goa equipped with dedicated recreational, spa, and event amenities. Financially, Delta Corp is publicly traded on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) under the ticker DELTACORP. For the fiscal year ended March 31, 2025, the company reported a consolidated revenue from operations of ₹729.63 crore, with its gaming division generating approximately 93% of the total intake. The company prides itself on maintaining a strong balance sheet with a virtually debt-free status. Under the executive leadership of Non-Executive Chairman Jaydev Mody and Managing Director Ashish Kapadia, Delta Corp is currently navigating a dynamic regulatory and operational landscape. To unlock long-term shareholder value and allow for sector-specific strategic focus, the company is undergoing a major corporate demerger to separate its core gaming assets from its hospitality and real estate ventures. Furthermore, following regulatory developments and heavy taxation challenges in the online gaming sector, Delta Corp strategically divested its 51% stake in its online skill gaming subsidiary, Deltatech Gaming Limited (Adda52), in FY2025 to refocus entirely on its highly profitable offline and live entertainment portfolios.