THE M3: INDIA

The Macau Metro Monitor, September 9, 2011

DELTA SCOUTS FOR CASINO PARTNER; IN TALKS WITH LAS VEGAS-BASED MGM RESORTS INTERNATIONAL AND CAESARS ENTERTAINMENT  Economic Times

Delta Corp founder Jaydev Mody said,Delta Corp is in talks with MGM and CZR for a possible strategic investment.  The potential investors are currently studying foreign investment, technical collaboration and licensing norms. 

"We continue to monitor developments in India and we would welcome the day when a legal and regulatory structure emerges that would permit our company to invest there.  It would be inappropriate for us to comment on any discussions we may have had with any specific company," Gordon M Absher, vice-president of public affairs at MGM Resorts, said. 

Delta is the biggest casino firm in India, where the gaming business is growing 50% YoY.  The gaming business has few licenses and is concentrated in Goa, a popular global tourist destination.  But casino owners are now expanding to Sikkim, Daman and even in Sri Lanka, with demand on the rise.