Moneycontrol Bureau
Gaming company Delta Corp shares rose 3.5 percent intraday Tuesday after receiving license for casino operations in Sikkim.
"The company, on January 16, has been issued a licence for operations of a casino in Gangtok, Sikkim, under the Sikkim Casino (Control & Tax) Act, 2002," Delta Corp said in its filing.
The company further said it is fully ready to commence casino operations and will do so immediately.
Delta, in pursuing its strategy of expanding gaming imprint, will now have a presence in Sikkim, operating a live gaming casino offering approximately 150 gaming positions, thereby catering to the Eastern region market. It already has three offshore and one onshore casino in Goa.
On July 26, the company had signed a leave and license agreement for premises in the Denzong Regency Hotel, Gangtok, Sikkim, to operate a casino. Delta had also obtained a provisional license from the Government of Sikkim under the Sikkim Casino (Control & Tax) Act, 2002 for the same.
At 10:11 hours IST, the stock was quoting at Rs 136.60, up Rs 1.80, or 1.34 percent on the BSE.Posted by Sunil Shankar Matkar
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