Indian casino operator Delta Corp has announced it is investing $10m into Essel Group’s cruise liner business, which will allow it preferred rights to operate casinos on board, reports Asia Gaming Brief.
The agreement involves Gaussian Software, a wholly-owned subsidiary of Delta Corp, subscribing to 10 million shares of Jalesh Cruises Mauritius, which will allow Delta to eventually hold over a 25 per cent stake in the company.
The cruise ships operated by JCML service a number of destinations from India and the Middle East, and include various entertainment and hospitality venues, including casinos and gaming centres.
The transactions are expected to be completed through one or more tranches by June 30, 2019.
