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India – Delta Corp outlines plan to replace Deltin Caravela with US$20.5m vessel

By - 1 March 2021

Indian casino group Delta Corp will construct a US$20.5m floating casino which will use the operating licence of Deltin Caravela, one of its boats on Goa’s Mandovi River.

Delta Corp’s Chief Financial Officer Hardik Dhebar said to The Times of India: “We have three licences and one of our vessels is a very small boat called the Deltin Caravela, which is what we are looking to upgrade to a larger vessel. We started building that vessel some time ago and we believe that in the next 12 to 18 months we should have a brand new vessel indigenously built in the river.”

He also outlined Delta Corp’s plans to build an integrated resort in Pernem, Goa, which would boast an electronic casino, themed hotels, a water park and theaters.

HeMr Dehbar explained: “We are going to invest in the hope that in the four to five years that it will take us to build the integrated electronic casino, the government will change the policy and the law and permit live gaming on-shore. We believe it is going to make us good money. We are looking at Rs1,000 crore (US$135m) to Rs1,500 crore (US$204m) investment over the next five years, but Delta may not put in all the money. There will be strategic partners and other firms that Delta will bring in as partners in the retail, waterpark, entertainment sector. They will bring in the capital while Delta will focus on the gaming and 300 to 400 room hotel.”

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