Feb 02, 2011, 07.31 PM IST | Source: CNBC-TV18

Casino Royale resumed with immediate effect: Delta Corp

Hardik Dhebar, Group CFO of Delta Corp, in an interview with CNBC-TV18s Mitali Mukherjee, spoke about the recent happenings on his Goa Casino's court orders and the litigation procedures.

Hardik Dhebar, Group CFO, Delta Corp

Hardik Dhebar, Group CFO of Delta Corp , in an interview with CNBC-TV18s Mitali Mukherjee, spoke about the recent happenings on his company and sector.

Below is the verbatim transcript of the interview. Also watch the accompanying video.

Q: What did the Goa High Court say? Where do things stand for you in the gaming business now?

A: An order came from the home department regarding the casino operations. It was without any reasons or justification provided and on the grounds of natural justice, High Street , Deltas subsidiary, was constrained to appeal before the administrative tribunal court at Goa. They issued an ad-interim stay against the home departments order affecting the casino operations. The casino operation on Casino Royale have resumed with immediate effect. We are back in normal business now.

Q: Is it still up to any litigation or debate?

A: Once we have the orders, it will be more or less clear that we have the right to operate now. So, we are going into operations.

Delta Corp stock price

On April 17, 2014, Delta Corp closed at Rs 99.10, up Rs 0.90, or 0.92 percent. The 52-week high of the share was Rs 127.70 and the 52-week low was Rs 44.10.

The company's trailing 12-month (TTM) EPS was at Rs 1.45 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 68.34. The latest book value of the company is Rs 30.80 per share. At current value, the price-to-book value of the company is 3.22.

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