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The second wave of COVID-19 was deadly, but now with cases recording a regular dip, the government of Sikkim has eased several restrictions in the state. In what comes as a significant relief for the casino industry, all three casinos of Sikkim reopened on Tuesday, July 6, after remaining shut for exactly two months.
In its latest filing at the stock exchange, Delta Corp, one of India’s two BSE-listed gaming companies, reiterated the fact. The company runs casinos in Goa and the Casino Deltin Denzong in Gangtok, one of the casinos in Sikkim that resumed operations for the first time after the shutdown in May.
“The Government of Sikkim has allowed reopening of the casinos in the state subject to the safety norms being followed. Further, the company and/or its subsidiary operating the Casino in the state of Sikkim will resume its operations from July 06, 2021, and will follow all the safety norms laid down by the state in this regard,” the filing read.
Chairman of Delta Corp, Jaydev Mody also tweeted the news.
— jaydev mody (@ModyJaydev) July 6, 2021
The hilly state of Sikkim is one of the only two places where live gambling is legally allowed in India. The state has recorded over 21,403 cases of COVID-19 to date, which include 1,894 active patients. Even though Sikkim was relatively less affected than the rest of the country, a surge in cases and fear of the deviant COVID strains saw the government place travel restrictions on incoming tourists during the peak tourist season in March. Subsequently, a wider curfew and business closure was announced in May, and all casinos were asked to close down. Apart from Casino Deltin Denzong, the business operations of the other two casinos, Casino Sikkim and Casino Mahjong, also came to a standstill.
While casinos in Sikkim have been allowed to resume operations, Goa, the other casino venue in India, remains on lockdown as the government has extended the COVID-19 curfew until July 12. Restaurants and bars in the coastal state have been permitted to operate at 50% capacity. However, there is no sign or indication of when casinos will be given the green signal.
Delta Corp Share Prices Climb
The news of the reopening of Sikkim casinos had a significant impact on Delta Corp’s share price, with the scrip gaining 5% intraday on July 5. The company’s scrip was trading at ₹197 per share, up by 5.01% on the BSE. Some profit booking saw the stock closing at ₹193.95 on July 7. Experts predict further upside on the stock price once the Goa casinos open.
Cover Image Courtesy: Deltin Denzong