Type Public Area served India Website www.deltacorp.in Revenue 2.399 billion INR (2016) Founded 1990 | Industry Conglomerate Key people Jaydev Mody (Chairman) Headquarters India Number of employees 1,650 | |
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Traded as BSE: 532848
NSE: DELTACORP Stock price DELTACORP (NSE) ₹ 151.25 -2.05 (-1.34%)6 Mar, 9:40 AM IST - Disclaimer Subsidiaries Delta Holding USA Inc, Delta Hotels Lanka Pvt. Ltd | ||
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 1990. 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 2.39 billion (2016). The company operates casinos in three Indian states: Goa, Daman and Sikkim.
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History
Delta Corp Limited was incorporated as a privately held company under the name Creole Holdings Company Pvt Ltd on 5 November 1990. 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. 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.
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).
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. 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. In July 2016, the company acquired a temporary license to operate casinos in Gangtok, Sikkim.
Hospitality
Delta Corp currently owns two hotels in Goa and one in 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.