Investors gamble on Delta as co plans offshore casinos

Investors have been accumulating shares of Delta Corp on talks that the company has plans to open a series of offshore casinos along the western coastline. The company is also planning to open gaming rings and casinos in Sri Lanka, people close to the management said.

Apart from its real estate and hospitality businesses, Delta is touted to be the biggest player in casinos and gaming areas. Anticipating a tremendous growth potential, large investors have begun investing in the company in a big way.

The ‘Rar(e)ing Bull’ and his wife, close buddy ‘Old Fox’ and a Mumbai-based wealth management firm partly owned by the bull, are learnt to have picked up a significant stake in the company. Delta shares climbed 8.2% to Rs 79 on the BSE on Thursday.