Delta Corp has surged nearly 4% to Rs 108.9 on reports that the company is in talks with some of the largest hotel and casino operators in the world, including the Las Vegas-based MGM Resorts International and Caesars Entertainment, to sell a stake in Casino business.
Delta is the largest gaming company in India (offering 800 gaming positions) and the only listed company in this space. The Company is an early entrant in this space and has attained a leadership position in a short span of time. Delta Corp is also the only gaming company to have Foreign Investment Promotion Board (FIPB) approval and is thus capable of having foreign participation.
The stock opened at Rs 107 and touched a high of Rs 111 in intraday deals. On BSE, 19.38 lakh shares were traded in the counter compared with average volume of 26.86 lakh shares over the past two weeks.
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