---

DeltaCorp Demergers Casino Business From Hospitality And Real Estate

DeltaCorp is one of the most popular names in the hospitality and casino market. It also has real estate interests, making it one of the bigger names in Goa. 

Now, DeltaCorp has announced the demerger of its three core businesses. While DeltaCorp will handle the real estate and hospitality side of the business, a new entity, Delta Penland Private Limited, will look after the company’s casino business.

The expert opinion is that the company has taken the step to steer the hospitality and hotel business away from the GST impact that its core casino business falls under. Reports indicate that the hospitality and reality segment will now be looked after by a subsidiary, while Delta will be able to concentrate on its core casino business. In June, there was speculation that DeltaCorp might get some tax relief if the GST Council amended the CGST Act to eliminate retrospective tax demand.

DeltaCorp’s Core Casino Businesses

DeltaCorp’s Deltin Royale has hosted one of India’s most popular poker series, the Deltin Poker Tournament, at its Goa properties since 2016. It does this in collaboration with Adda52. In 2018, there were three editions of DPT. In the same year, they also launched the DPT Colossus Super High Roller Series and DPT Xpress. The events restarted in earnest after the lockdown in 2022, and there have been around 15 editions until now. 

DeltaCorp has various interests in the hospitality and gaming industry in India, Goa, and Sikkim, as well as Royale, Jaqk, Suites Casino, and Denzong. The company has two hotels, Deltin Suites and The Deltin Daman. The GST component has been a cause of concern for the gaming industry, with the 28% GST on deposits having devastating effects—including layoffs and the closing down of some companies in the industry. There has been talk about the government looking at this tax, but there’s been no update about that yet.

 

 

 

 

 

View this post on Instagram

 

 

 

 

 

 

 

 

 

 

 

A post shared by Deltin Life (@deltin_life)

The market has cheered this decision, with DeltaCorp shares gaining 10% after Delta’s Board approved the demerger of the two businesses, according to Mint. DeltaCorp has proven that it has investors’ faith in it, which will definitely benefit them in the long run.

---

Also Read: Delta Corp Shares Surge 11.34% Amid Tax Relief Speculation

---

The diversification of the businesses could mean that the company will add more resources to its casino business, which will, in turn, benefit the poker community.  The company recently wounded the latest version of the poker festival Immortals 2024, which brought together a large number of poker enthusiasts.

GutshotMagazine provides you with more insights about the poker and real money gaming industry. To learn more details, keep reading GutshotMagazine.com. Follow us on Facebook, Instagram, Twitter and Telegram

---

---

More News

---

Comments