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entertainment | IST

Delta Corp looking to raise $30-40 million for online gaming biz

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Delta Corp is looking to raise around USD 30-40 million for their online gaming business, Hardik Dhebar, group chief financial officer (CFO), told CNBC-TV18.

Delta Corp is looking to raise around USD 30-40 million for their online gaming business, Hardik Dhebar, group chief financial officer (CFO), told CNBC-TV18.
Delta Corp is buoyant as Goa government gave its nod to re-open casinos in the state earlier this month.
“We are at the final stages of appointing a banker. We are looking at doing a USD 30-40-50 million capital raise, which we will utilize to grow the business. And this USD 30-40-50 million should help us for the next 3-6 months to pump-up our revenue, pump-up the numbers,” Dhebar said.
He further said that online business has remained a steady contributor to the company's topline.
On business, he said, “It’s about 8-10 days that we are in operation (in Goa) and the last 10 days of traction shows that we should be back to pre-COVID levels. Hopefully, in the next quarter, when we report a full quarter, you will be able to see that the numbers are way better than what we all expect. So, it's encouraging and very good.”
For the entire management interview, watch the video