Delta Corp Expands Land-Based Casino Business With Zuri Hotels Acquisition

Delta Corp, the largest and only listed casino operator in India, has announced that its portfolio of land-based casinos has expanded after the company has taken over the management of Zuri Hotels in Goa.

The brand new casino operates under the company’s Deltin brand and it opened its door to customers on June 2nd. Upon that occasion, Anil Malani, the Chief Executive Officer of Delta Corp, expressed his delight at having added a seventh casino to the company’s portfolio.

“Goa is a city state which is always brimming with exciting tourist destinations,” Anil Malani added, underlining that Deltin Zuri will be trying to offer its customers a “regal yet intriguing gaming experience.”

There are six floating offshore casinos, two of them belonging to Delta Corp, while on land there are casinos hosted inside five-star hotels. However, none of these casinos offer live tables.

The casino located within the Zuri White Sands Resort is the fourth land-based casino operated by Delta Corp in Goa after Deltin Suites-Goa, Deltin Denzong-Gangtok and Deltin Casino International-Kathmandu.

Delta Corp Limited is the only listed company engaged in the casino and online gaming industry in India. The company also holds three of the six offshore gaming licenses issued in Goa, with a new casino vessel expected to be ready to operate in September.

Delta Corp is continuously looking to expand in India and the company’s confidence was boosted by the strong results recorded in the final quarter of 2021. In fact, for the three months to 31 December 2021, Delta Corp reported an increase in gross income of 104.2 percent compared to the same period of 2020.

The company’s income in the fourth quarter was Rs 307.65 crore (around 41.7 million U.S. dollars). The Delta Corp financial reports also show that gaming operations in its casinos generated income of Rs 249.65 crore, or approximately 33.8 million dollars. That is a significant increase from the Rs 97.51 crore (13.2 million dollars) that were recorded in the last three months of 2020. Moreover, income from hospitality also increased by 106 percent year-on-year to Rs 22.29 crore (3 million dollars).

Delta Corp also has an online presence as it operates Adda52.com, the biggest online poker site in the country, along with Adda52rummy.com and online fantasy sports site LeagueAdda.com. The income from these operations went down by 15.6 percent in the fourth quarter to Rs 35.71 crore (4.8 million dollars). Overall, the company managed to record a profit of Rs 70.38 crore (9.5 million dollars) in the final quarter of 2021.

Source: . Asia Gaming Brief. June 3, 2022.