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India’s Delta Corp To Buy Hilton?

Mar 18, 2011 3:36:00 PM - thesundayleader.lk

One of India’s largest gaming companies, Delta Corp is currently holding discussions to buy the Hilton Hotel in Colombo, the Indian media has reported.

India’s NDTV has reported that quoting sources that the company is likely to build a casino in the hotel after the deal.

Delta Corp has reportedly already applied for a license in Sri Lanka for a casino.

The Hilton Hotel in Colombo, which is a five star hotel, has reportedly been valued at US$ 110 million.

The Indian media report has stated that the Colombo Hilton is listed on the Colombo Stock Exchange but has been in the ‘default board’ of the exchange for years.

Economic Development Minister Basil Rajapaksa told a few weeks back that the government has ‘fully taken over’ the Colombo Hilton.

According to the media report, Delta Corp is the only listed gaming company in India. It owns and operates three offshore live gaming casinos in Goa on River Mandovi – Casino Royale, Caravela and King’s Casino.

Delta Corp owns three out of the six offshore live gaming casino licenses issued by the Government of Goa.