We are going to invest in the hope that in the four to five years that it will take us to build the integrated electronic casino, the government will change the policy and the law and permit live gaming on-shore,\u201d<\/strong> Dhebar said during last month\u2019s investor conference, the Times <\/em>reported.<\/p><\/blockquote>\nAs of now, the company has yet to complete its feasibility study on the project. But officials remain hopeful, despite the impact of the coronavirus pandemic.<\/p>\n
Based on a wider development vision touted in 2019, some or all of the six floating casinos now on the Mandovi River in Panaji could be relocated to the airport complex.<\/p>\n
By placing casinos there, gambling could be targeted to tourists, especially those from foreign nations.<\/p>\n
Land-Based India Casinos Could Lead to Billions<\/h2>\n Having Goa\u2019s casinos move to a land-based location also could mean a major jump in gaming revenue. In 2018, Union Gaming Securities, a Las Vegas-investment advisory firm, predicted yearly gross gaming revenues (GGR) could top $1 billion if the casinos are moved to dry land.<\/p>\n
Union Gaming<\/a> has further predicted that if integrated casino resorts are open in India, a yearly GGR of up to $17 billion a year is possible. As of 2018, Goa casinos generated about $150 million GGR a year.<\/strong><\/p>\nDelta controls an estimated 70 percent of the gaming market in Goa. The company owns four Goa casinos.<\/p>\n
Just three of India\u2019s 36 states have legalized gambling. In addition to Goa, casinos operate in Daman and Sikkim.<\/p>\n","protected":false},"excerpt":{"rendered":"
India\u2019s Delta Corp. is likely to replace its off-shore Deltin Caravela gaming vessel with a larger floating casino on Goa\u2019s Mandovi River sometime in 2022. The new gaming ship will set sail sometime next year, likely between 12 and 18 months from now. The vessel reportedly will cost about $20.5 million to build. It is […]<\/p>\n","protected":false},"author":44,"featured_media":165957,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\n
India\u2019s Delta Corp. to Replace Floating Casino With Larger Vessel<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n