Marvel Resorts<\/a>, a proposed 440-room hotel in Goa in advanced construction and land in Dhargalim, Goa, where the company aims to develop an integrated resort with a water park.<\/p>\n\n\n\nDelta Corp said the shares of the resulting company \u201cshall be listed on the stock exchanges pursuant to the scheme.” It said: \u201cThese listed entities will be subject to public, media, analysts and regulatory review. A clean corporate structure with no cross holdings will ensure transparency, accountability and highest standards of corporate governance and compliance\u201d and stressed the demerger plan will have no impact on employees, customers and its business partners.<\/p>\n\n\n\n
The new scheme aims to \u201cimprove its operational efficiency and accountability\u201d, increase investor opportunities and allow better\u00a0resource allocation<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"Profit was up 24.39 per cent sequentially.<\/p>\n","protected":false},"author":176,"featured_media":17272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Delta Corp reported its Q3 FY24-25 financial results, showing a sequential profit increase of 24.39% to Rs 35.73 crores, despite a 7.6% year-on-year decline in total income. The company's online skill gaming segment demonstrated robust growth, while overall gaming operations saw a slight sequential decrease. Concurrently, Delta Corp's board approved the demerger of its gaming business from its hospitality and real estate divisions, aiming for enhanced operational efficiency, corporate governance, and investor opportunities through separate stock exchange listings.","focusai_entities":"Delta Corp, Delta Penland Private Limited, Deltin Suites, The Deltin, Marvel Resorts","focusai_location":"India, Goa, Daman, Dhargalim","focusai_target_profile":"ceo_executive (0.9), regulator (0.75), compliance_legal (0.8), operator_casino (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Demerger Valuation Impact","query":"What is the projected post-demerger valuation impact on Delta Corp's gaming entity, considering the separate listing and enhanced focus on its core iGaming vertical, and how will this affect its capital markets appeal?"},{"label":"Regulatory Approval Timeline","query":"What are the anticipated timelines and key regulatory hurdles for the stock exchange listing of Delta Penland Private Limited following the demerger approval, particularly concerning governance frameworks and compliance requirements?"}],"footnotes":""},"categories":[163,16334],"tags":[23890,23632],"class_list":["post-777021993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-asia-news","tag-delta-corp","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777021993"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021993\/revisions"}],"predecessor-version":[{"id":777022003,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777021993\/revisions\/777022003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17272"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777021993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777021993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777021993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}