Scripscan:Delta Corp Ltd
BSE code:532848
cmp:99
Story:Delta Corp Limited, together with its subsidiaries, engages in the real estate, gaming and entertainment, and hospitality businesses in India and east Africa. Its gaming and entertainment business include ownership and operation of three offshore live gaming casinos in Goa on River Mandovi, including Casino Royale, Caravela, and King’s Casino, which offer various international games like Baccarat, Poker, Roulette, and Black Jack. These casinos are serviced by 3 jetties and 6 air conditioned feeder boats that can seat 19 passengers at a time. The company is also operating an onshore casino, Casino Royale Riviera, in the hotel Riviera De Goa Resort under a casino management agreement. Its real estate business involves in the development of commercial office space, and retail and hotel projects in east African countries, as well as provides real estate consultancy services. Delta Corp Limited also intends to develop 3/4 star 100 bed hotels in various urban locations in India, primarily in southern and western India. The company was formerly known as Arrow Webtex Limited and changed its name to Delta Corp Limited in October 2008.Delta Corp is the casino company owned by Zia Mody and her husband. The idea is that the world is playing, middle class India, consumer India, demographics of India and also black money of India, then the best play is not a pizza company or a gym fitness company, but actually a casino company because one of my other thumb rules is that investors make money in one market, if they are familiar with making money in those businesses in other markets. So, we know that the world third richest man a few years ago was the owner of the Sands, which a Las Vegas and the Venetian Casino. So, the world is used to making money in the casino business.In India, 90% of the public does not know that we have a casino company. My thinking was that if this company was unlisted, but had an initial public offering (IPO) now, it would have been over subscribed 200 times is what I think. Very few people know about it, but obviously in the QIP many people participated. So that is one of the thematically new stories that we like. Otherwise, I have been telling in the past we own many of the NBFC, we own many other things, but in general this one of the more exciting ones that we own in recent times.A great long term hold and a buy at declines.
Source:Helios cap
Search This Blog(Over 800 companies covered in the blog).
Archives : Old artciles
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
