Who is the Owner of Deltin Royale Casino Goa?
Deltin Royale Casino Goa, located in the Indian state of Goa, is part of the Deltin Group, a prominent name in India's gaming and entertainment industry. The ownership structure involves a combination of corporate entities and individuals, with the majority stake held by Gujarat Ambuja Corpn. Ltd. (GACL), a subsidiary of the Ambuja Group.
Key Details:
Parent Company:
The casino falls under Deltin Ltd., which is indirectly owned by Gujarat Ambuja Corpn. Ltd. (GACL), a publicly listed company in India. GACL is part of the Ambuja Group, a conglomerate with interests in cement, chemicals, and gaming.
Ownership Stake:
As of recent reports, Gujarat Ambuja Corpn. Ltd. holds approximately 80% ownership of Deltin Ltd.
The remaining shares are held by P impal and Anil Thakur, two prominent figures in Goa’s gaming industry.
Legal Framework:
Goa is one of the few states in India where casino gambling is legal for Indian and foreign tourists. Del tin Royale operates under a license issued by the Goa Government.
The casino is registered under the Goa State Police Gaming Act, 1976, which regulates operations.
Corporate Structure:
Deltin Ltd. is a holding company with several subsidiaries, including Deltin Gaming Ltd. and Deltin City Ltd., which manage casinos, hotels, and entertainment complexes across Goa.
Recent Developments:
In 2021, there were rumors of potential mergers or acquisitions involving Deltin, but the company has maintained its independence.
Del tin Royale is part of a larger portfolio that includes Deltin’s iconic Deltin Grand Casino and Deltin City entertainment hub.
Why the Focus on Ownership?
Understanding the ownership helps stakeholders assess the company’s stability, regulatory compliance, and market strategy. The Deltin Group’s ties to the Ambuja Group provide it with financial backing and credibility in India’s competitive gaming sector.
Legal Considerations:
While Goa allows casinos, the industry operates under strict regulations. The ownership structure ensures adherence to tax laws, police oversight, and licensing requirements.
For the most up-to-date information, refer to official corporate filings or recent news updates from credible sources like Business Standard or ET Now.
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