Delta Corp’s Entertainment City project gets Goa govt nod

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The Investment Promotion Board (IPB), on Wednesday, gave its nod to 11 projects including the Entertainment City by Delta Corp at Dhargal. The project is bound to not just improve infrastructure in Pernem, but also create jobs and give a much-needed shot in the arm to the Covid-impacted entertainment-led tourism and hospitality industry in the state.

The Board, under the chairmanship of chief minister Pramod Sawant, granted approval for the 100-acre project that comprises a casino, waterpark, resort, and multiplex. The mega project will be located just 5 km from the new Mopa airport.

On 12 December 2020, the company had made public the news of the in-principle approval from IPB for setting up an integrated resort in Pernem.

“The integrated resort is expected to be one of its kind in the country. The project is expected to boost tourism, employment, and infrastructure of the state of Goa,” Dilip Vaidya, company secretary, and general manager at Delta Corp had remarked at the time.

In 2018, Delta Corp chief financial officer Hardik Dhebar had outlined the company’s plans of building an entertainment city. However, the Covid-19 pandemic impacted the business with casinos remaining shut for large parts, thus leading to cash flows taking a hit.

The initial estimate pegged the project at an investment of Rs 1200 to Rs 1500 crore, with a timeline of 36-48 months for completion. The project is likely to be funded by a consortium of investors and not solely by the Jaydev Mody-owned company.

Delta Corp Limited has resumed its casino operations in Sikkim, while its subsidiaries in Goa continue to remain shut in accordance with the state government guidelines. The company, however, has vaccinated 100% of its staff across all properties.