Feb 02, 2011, 07.31 PM IST

Casino Royale resumed with immediate effect: Delta Corp

Hardik Dhebar, Group CFO of Delta Corp, in an interview with CNBC-TV18’s Mitali Mukherjee, spoke about the recent happenings on his Goa Casino's court orders and the litigation procedures.

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Hardik Dhebar, Group CFO, Delta Corp
Hardik Dhebar, Group CFO of Delta Corp , in an interview with CNBC-TV18’s 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 , Delta’s 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.


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