The deal between Leela hotels and Golden Globe hotels to buy off shore casino in Goa has hit another roadblock.
The off shore casino owned by Hotel Leela Ventures is in process to be transferred to Golden Globe Hotels which has been asked to close its operations with immediate effect.
The state home department, which is licencing authority for off shore casinos in the state, has asked Leela to pay Rs 5 crore annual licence fee or face the closure of casino operations, rejecting the operators request to grant additional time to pay fees.
M/s Hotel Leela Ventures is hereby directed to close the operations of off shore casino on M V Leela with immediate effect, an order signed by state under secretary (Home) Siddhivinayak Naik on October 6.
Leela had to pay the licencing fee for the year 2009-10 on or before September 26, 2009, the order reads.
The government records confirm that Leela is in the process of handing over the off shore Casino to Golden Globe Hotels and deal is approved on paper by the state government.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app