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Delta Corp. Ltd. (India) ( (IN:DELTACORP) ) has issued an announcement.
Delta Corp Ltd has announced that it is in the advanced stages of completing a new casino vessel for deployment on Goa’s Mandovi River, with induction targeted by March 2026 and commercial operations expected to start in April 2026, a move that is set to strengthen its position in Goa’s live gaming market. At the same time, the company has decided to put on hold its planned integrated resort project on the Dhargal land parcel due to the prevailing regulatory and tax environment and is exploring options to monetize the land, while also pursuing a demerger of its businesses into two entities—one focused on gaming and the other on hospitality and real estate—via a mirror split that will give each existing shareholder one share in the resultant company, a restructuring aimed at sharper strategic focus and long-term value creation, subject to regulatory approvals expected within about six months.
More about Delta Corp. Ltd. (India)
Delta Corp Ltd is an Indian gaming and hospitality company with a significant presence in Goa’s live gaming ecosystem, operating offshore casino vessels and related hospitality assets. The company focuses on gaming, hospitality and real estate, serving both domestic and international tourists and investors in regulated gaming markets in India.
Average Trading Volume: 91,129
Technical Sentiment Signal: Strong Sell
Current Market Cap: 19.46B INR
Learn more about DELTACORP stock on TipRanks’ Stock Analysis page.