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Delta Corp gains 4% on stake sale buzz

This article was posted on Sep 9, 2011 and is filed under Market News

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.

Source: Business Standard

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