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Inverted yield curve
Nepal casinos to get off the groundIts Nepal casinos are caught in an operational delay. Now, with all necessary approvals, these are likely to start operations in Q4 FY20. According to the management, its Nepal operations have the potential to generate revenue of Rs 60-70 crore per annum with more than 40 percent EBITDA margin.Cruise casino – A new growth driverDelta had made a strategic investment of $10 million to acquire 25 percent stake in Jalesh Cruises, a luxury cruise, which went on stream in April 2019 in India. This is expected to bring in revenue of Rs 25-30 crore per year for the company. Any scale-up in operations by Jalesh means significant revenue upside for Delta.Jalesh’s occupancy level is on the rise, hitting 60-65 percent in October-December from 20-25 percent earlier. Higher occupancy is also seen to yield more revenue for Delta, along with the benefit of operative leverage. … [Read more...] about Delta Corp Q3 – In-line results; online gaming full of promise
Two recently-released civil society activist reports indicate the onset of civil disobedience in Kashmir. Their early warning stands vindicated by the arrests of former Chief Minister and Union minister Farooq Abdullah’s sister and daughter as part of a protesting group of Kashmiri women in Srinagar on October 15, though released the following day after submission of a bond against pursuing their protest activity. Security forces need to think up a coping strategy in real time, lest they end up bracketed with their predecessors who once served a colonial master. … [Read more...] about Politics | How will New Delhi react to the civil disobedience in Kashmir?