Delta Corp signs MoU to operate casino in Nepal India's largest gaming company, Delta Corp Ltd., has signed a Memorandum of Understanding (MoU) with Nepalsese company, Everest Hospitality and Hotel Pvt. To operate a casino in the upcoming Marriott Hotel in the Naxal area of Kathmandu, reported Nepalese news outlet Republica. Delta Corp said that its subsidiary in Nepal has been issued a license for operating a casino in Nepal. This venture is reportedly a result of the Delta Corp's agreement with Everest Hospitality and Hotel Pvt Ltd signed in 2017 to lease space at Kathmandu's Marriott Hotel. Delta Corp has been approved for a casino gaming license in Nepal. The group will offer gaming via a Marriott Hotel in the region, with operations set to start soon. Details of the Approval.
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Delta Corp signs MoU to operate casino in Nepal India's largest gaming company, Delta Corp Ltd., has signed a Memorandum of Understanding (MoU) with Nepalsese company, Everest Hospitality and Hotel Pvt. To operate a casino in the upcoming Marriott Hotel in the Naxal area of Kathmandu, reported Nepalese news outlet Republica. Delta Corp Limited ('Delta Corp' or the 'Company') is the only listed company engaged in the casino (live, electronic and online) gaming industry in India.The Company currently own and operate casinos in India, in the states of Goa and Sikkim, offering approximately 1,800 gaming positions.
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India's Delta Corp aims to operate a casino in Nepal
The agreement was signed with Everest Hospitality and Hotel Pvt Ltd, 'for leasing space at the upcoming five-star Marriott Hotel in Kathmandu, Nepal,' said Delta Corp in a filing to the Bombay Stock Exchange.
Everest Hospitality and Hotel is a subsidiary of Nepal-based hospitality firm MS Group. The 235-room Marriott-branded hotel is scheduled to open next year, in the Naxal area of Kathmandu. Marriot International Inc manages another hotel property in Nepal – developed by the MS Group – that opened earlier this year.
'Delta will initiate steps to obtain a casino licence from the Government of Nepal and the commencement of operations of the casino will be subject to receipt of this licence,' stated the casino firm in its latest filing.
It added: 'With this proposed casino in Kathmandu, Delta aims to expand its imprint outside India, in line with its strategy of expanding in the region.'
Delta Corp, controlled by businessman Jaydev Mody, currently operates casinos in the Indian states of Goa and Sikkim.
Nepal is already host to a few casino venues. Boutique Asian casino operator and developer Silver Heritage Group Ltd said last month it had a soft opening – for hotel accommodation-only – of its Tiger Palace Resort Bhairahawa in Nepal. The firm is targeting to open the casino by November 30, 2017.
Source: GGRAsia
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India's largest gaming company, Delta Corp Ltd., has signed a Memorandum of Understanding (MoU) with Nepalsese company, Everest Hospitality and Hotel Pvt. Ltd. to operate a casino in the upcoming Marriott Hotel in the Naxal area of Kathmandu, reported Nepalese news outlet Republica.
'Implementing the Marriott brand standards, designed by renowned architects and utilizing the best construction companies, the hotel consists of state of the art services including spa, casino, and variety of restaurants, swimming pool, gym, exclusive suites and lounges' a statement by Everest Hospitality and Hotel, which is part of the leading Nepalese business conglomerate MS Group said.
The 235-room Marriott Hotel is still under construction and is expected to start operations from June next year. MS Group's first hotel, Thamel-based Fairfield by Marriott, started operations in March this year.
Delta Corp in a press release issued yesterday confirmed the development and noted:
Delta Corp has entered into a MoU with Everest Hospitality and Hotel (P) Ltd for leasing space at the upcoming five star Marriott Hotel in Kathmandu, Nepal to operate a casino.
Delta Corp Casino In Nepal City
Delta will initiate steps to obtain a license from the Government of Nepal and the commencement of operations of the casino will be subject to receipt of this license.
With this proposed casino in Kathmandu, Delta aims to expand its imprint outside India, in line with its strategy of expanding in the region.
Delta Corp Casino In Nepal Pakistan
'Implementing the Marriott brand standards, designed by renowned architects and utilizing the best construction companies, the hotel consists of state of the art services including spa, casino, and variety of restaurants, swimming pool, gym, exclusive suites and lounges' a statement by Everest Hospitality and Hotel, which is part of the leading Nepalese business conglomerate MS Group said.
The 235-room Marriott Hotel is still under construction and is expected to start operations from June next year. MS Group's first hotel, Thamel-based Fairfield by Marriott, started operations in March this year.
Delta Corp in a press release issued yesterday confirmed the development and noted:
Delta Corp has entered into a MoU with Everest Hospitality and Hotel (P) Ltd for leasing space at the upcoming five star Marriott Hotel in Kathmandu, Nepal to operate a casino.
Delta Corp Casino In Nepal City
Delta will initiate steps to obtain a license from the Government of Nepal and the commencement of operations of the casino will be subject to receipt of this license.
With this proposed casino in Kathmandu, Delta aims to expand its imprint outside India, in line with its strategy of expanding in the region.
Delta Corp Casino In Nepal Pakistan
Another Indian casino operator, the Pride Group already operates a casino in the Hyatt Regency Hotel in Kathmandu, Nepal since 2015. International gaming operator Silver Heritage Group has also launched a casino resort called ‘Tiger Palace Resort' in the Bhairahawa area of Nepal. While the hotel and resort have already commenced operations, the casino is slated to open in the last week of November.
