πŸ– More casinos will come up, but it won't happen like the US and Europe: Jaydev Mody of Delta Corp

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In Sri Lanka, we are awaiting regulatory clarity before we move ahead with our plans for a resort-style property just outside of the national capital of Colombo.


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Delta Corp has already applied for a license in Sri Lanka for a casino. The room, 5-star Colombo Hilton has reportedly been valued at.


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In Sri Lanka, we are awaiting regulatory clarity before we move ahead with our plans for a resort-style property just outside of the national capital of Colombo.


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There are several existing casino rivals also awaiting Delta's arrival, including Australia's Silver Heritage Group, the Sri Lanka-based Bally's and.


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, JAMES PACKER: Australian gaming tycoon Packer eyes Sri Lanka bet Delta Corp Limited is a holding company engaged in the operation of casino.


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Sri Lanka, post the end of the 3 decade long civil war, is now witnessing a tourism and industrialization boom. Delta Corp hopes to have an.


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11th-Jun Source: BSE. Delta Corp - Acquisition of land in Sri Lanka. India''s largest Gaming Company, Delta Corp Ltd., through its wholly own.


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There are casinos in Goa and Sikkim. Then there are players who go to Sri Lanka​, which is also close to the southern states. Now Daman will.


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There are casinos in Goa and Sikkim. Then there are players who go to Sri Lanka​, which is also close to the southern states. Now Daman will.


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, JAMES PACKER: Australian gaming tycoon Packer eyes Sri Lanka bet Delta Corp Limited is a holding company engaged in the operation of casino.


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Then we acquired a company that belonged to Advani Hotels. Standalone, it doesn't make sense. Why get into it then? We do around Rs crore. The market for drive-in is huge. From Gujarat, there are several cities you can drive from. We wanted to have a leadership position. If you leave home at 10 in the morning, you will reach Sikkim at 8 pm. So our thing is just a drop in the ocean. In an interview with Goutam Das of Business Today, Mody talks of the growing gaming market in India as well as the hospitality business he dislikes-the company runs three hotels. Then there are players who go to Sri Lanka, which is also close to the southern states. So, going and coming back wastes two days. We have land in Colombo, hoping that we will get a proper policy in place. If the government legalises cricket betting, they will get huge revenues out of it. Then, we built a ship in Goa. It is a driving-to-destination market. You commented somewhere you don't like the hotel business. At best, on an operational level, you can break even. The can monitor it too. Must Read. The total market must be Rs crore a day. Can you size up the gaming India in market? I was very active. But we got no clarity. Tell us about the growth of the casino business in India. India grows at a steady pace in terms of licensing and market growth. Right now, we don't think that the market is big enough. The business has been trying to match the demand. Then I hope the opportunities for licensing will improve; more casinos will come up but it won't happen like it did in the US and Europe. Then it is a three-hour drive to the city. Then, we have race betting, in which Mumbai is Rs crore per annum. Settings Logout. No, capacities have been growing over the last seven years. Today, we run the best casinos in Goa. It is a whole day's travel today. The company is also readying the launch of gaming operations in the Union Territory of Daman. I bought one ship immediately. There will be more money in the hands of customers. Then there are no direct flights from many cities. There were people who had applied. There are casinos in Goa and Sikkim. There were two constraints of running casinos in Goa- number of flights coming into Goa and the number of hotel rooms. In an interview with Goutam Das of Business Today, Mody talks of the growing gaming market in India as well as the hospitality business he dislikes. Then you have to be picked up and dropped at the airport. Your home loan type will decide Sovereign Gold Bond Scheme to open on Monday; check out interest rate, discounts Rajasthan permits hotels, restaurants, malls to open from June 8 with riders More.{/INSERTKEYS}{/PARAGRAPH} So the casino market is in the range of Rs crore per annum now. We have no intricate knowledge of those markets. The market may be larger than Goa - in Goa, you are Rs 8,, down on your ticket to start with. When did you start thinking of casinos as a business opportunity? It is extremely difficult to get there. There was only one casino in Goa that was offshore floating casinos on rivers for several years, since around Prior to that, there were several onshore casinos in five-star hotels. Every city has matka. Overall, it must be in the range of Rs 1, crore. So four friends are not Rs 20, down even before they play. But we will look at the opportunity at some point. We decided to invest in hotels. It also depends on what they do to illegal cricket betting-there is a huge gaming market. From Bombay and Pune too. It will take one and half years to get the sales efficiency. Today, it is wild. There's no way you can make money. The legislation is grey. I wouldn't build a hotel where I didn't need the rooms for my casinos. Once players have got their rooms, we would do other bookings. Previous Story Online education is casual, that is the challenge: Ronnie Screwvala. The government then said it would issue up to six licences for offshore casinos and that is the time when I applied. But in cricket, they do Rs 5, crore a game. Tweet Youtube. There we have no edge. You were losing the player. There is no clarity on when the new airport will be ready. {PARAGRAPH}{INSERTKEYS}A third casino in the state, Deltin Caravela, is awaiting approvals. If you do room hotels in four cities-take a Category A city like Mumbai, then Bangalore, Goa and Ranchi-buy land, do three years of construction, and say you get an average room rent of Rs 10,, see if you can make money. Our ships are the best looking and the management most professional. I don't like the business. The average flight time from any point in India is 2. There are seven-eight centres. On important weekends, we wouldn't get rooms. In a car, you can share costs between friends. In casinos, Sikkim must be doing Rs 50 crore on an annual basis. We were the earliest along with Pride, our competitor. Our competition does a bit less. If you have a five-hour driving radius, you have a huge market. Is there a demand-supply mismatch? Now Daman will open up where we will add several gaming positions. What about international opportunities?