Goa Casino ,Deltin Royal casino , Goa
It takes a second look to spot the real gamblers, the high-rollers who have flown in simply to play: A steel mill owner engrossed at the blackjack table; the high-profile bodyguard of a Bollywood actor, click off-duty, with his family; the six Chinese women playing quietly with a mountain of chips piled high before them, determined to beat the house.
A large crowd of young tourists throngs the entertainment zones that offer dining facilities and live music.
In another hall, a soloist plinks a lonely melody on her keyboard.
This could be a regular day at the Deltin Royale.
But the smiling staff seem to be on craps lessons aria />Mody, he remembers, was a regular.
The 58-year-old entrepreneur, who started out in the real estate and construction business, moved to casinos six years ago.
At 52, when most people start planning their retirement, Mody turned a pleasurable pastime into a profit-making enterprise by studying the casino business and forming Delta Corp.
His first bid was with the Deltin Jakq, the first of what is now a trio of casino ships.
He refurbished the ageing Caravela, then hauled MV Horseshoe from North America to India; now renamed Deltin Royale, it is the largest vessel on the Mandovi, almost eight times the size of the Caravela.
The group now operates three hotels—the newest is a Rs 400-crore property in Daman—which keeps the casino traffic also housed in their own establishments.
Slowly but surely, he is building an empire in a business that India—or at least our government—seems to regard as somewhat disreputable.
A week later, we caught up with Mody on his home ground, the resting stables at the Royal Western India Turf Club in Mahalaxmi, Mumbai.
The club, which celebrated its 140th anniversary this April, is far removed from the bright lights and sounds of the floating casinos.
Yet, historically, gamblers have been drawn to horses as much as to the tables.
Like most of his close friends, race-goers too, he finds the old-world charm play wpt poker facebook the racecourse irresistible.
The perception of shady ethics in the gambling world hovers over the business in India.
And Mody acknowledges that it has destroyed kingdoms and ruined families over the centuries.
But, he points out, so have liquor and other more harmful things.
Gaming is fun and I enjoy it.
As long as you have control and are a responsible gambler, there is nothing wrong.
Apart from the frazzled gambler, they also watch out for cheats, who will go to any lengths to beat the system.
Often inspired by movies, gamblers are always looking for innovative ways to pull a fast one on the house.
One poker player, for instance, always played wearing dark glasses and won very often.
It took the Deltin staff three months to figure out that he was marking the cards with ink visible only through his glasses.
The staff are trained to keep tabs on those either losing steadily or those betting beyond their means.
We want people who come in to enjoy the good food, the music and the gaming.
And he plays just one game, pontoon, a variant of blackjack.
He has played it at casinos around the world.
Its neighbour Malaysia, an Islamic state, has a vibrant casino industry open only to tourists.
In India, too, the business started with significant expectations.
But none of the early movers in Goa, such as Advani Hotels, the Leela Group with Casino Rio and the Salgaocars Carnivalwere able to scale up.
Gaming licences are slow to come by, and taxes keep rising.
Most have either sold out to new entrants or are waiting to do so.
Yet the company, which notched up revenues of Rs 443 crore in 2012-13, is consolidating its business and now has three casinos and two luxury hotel properties, Deltin Palms and Deltin Suites, in Goa.
The gambling see more accounts for Rs162 crore of the revenue; real estate makes up the balance.
Known in the bourses for his savvy investment timing, Jhunjhunwala entered when Delta Corp was looking for a private equity investor; his syndicate owns about 10 percent of Delta Corp.
He and Mody are now friends and even own horses together.
Stock market analysts expect the next boost for the company to come from its new casino-hotel in Daman.
Delta has invested Rs deltin royale casino stay and play packages crore in the property, a 176-room hotel with an in-house casino spread over 60,000 feet.
They are awaiting 5-star certification, a pre-requisite for a gaming licence.
Under pressure from groups such as Bailancho Saad, who have been campaigning against gambling, Goa chief minister Manohar Parikkar is also bringing in legislation later this year to bar Goans from visiting these casinos.
Mody says that about 95 percent of his clientele is not from Goa.
Such a move will make it more difficult for customers to reach these gambling havens, but Parrikar has promised activist groups that he will not renew licences for ships on the river.
In April this year, the income tax department raided casino deltin royale casino stay and play packages operating in the Mandovi, including the offices of Delta Corp and Peninsula Land, where Mody is on the board of directors, as well as his residences in Mumbai and Goa.
Other large casinos such as Pride, led by VM Khetrapal and its directors, were also raided.
It is still not known whether anything incriminating was found.
After Goa and Daman, he is on course to expand into Sikkim and Sri Lanka where, indications are, rules may change soon.
Despite his propensity to wager on almost any outcome—he has Rs 3 lakh riding on deltin royale casino stay and play packages Lok Sabha elections with friends, of course and he bet with us on the outcome of an IPL match that evening he lost!
I was very hung up about money.
I wanted to make lots of it.
By the time he was 25, he had started a small factory in Nashik to make printed labels.
He christened the business Arrow Webtex, and continues to hold a majority stake in what is now called Arrow Textiles.
In the mid-1990s, he got his chance to play in the big leagues when he began redeveloping mill property with Ajay Piramal, a fellow amateur rider at the Turf Club.
The Piramal family deltin royale casino stay and play packages Morarjee Mills, one of the largest old mills in the city.
By 2005, things began to change for the partnership.
The Piramal family split, carving up their business rather acrimoniously.
Ajay and his family took up a larger share of the pharma arm of the business.
Mody, 50 at the time, decided to cash out and handed over the reins to the next generation of Piramals.
However, he continues to be a director on the board of Peninsula Land.
I spent time looking after my three daughters who were growing up, and sorting out my investments.
After a chance meeting at a party, Reliance Industries Chairman Mukesh Ambani decided to make a personal investment in the venture.
Most of the work involved construction in Kenya, where Mody is still invested in a limited way.
In the course of business travel, his fondness for the tables often led him to casinos in Nairobi and Goa.
He formed Delta Corp, and began unwinding his real estate investments to channelise his resources into the new venture.
But in one respect at least, he chose early and stayed with his decision.
I use the time to catch up on my work.
Which is why she does make the occasional trip to the races when her husband thinks his horses have a chance at winning.
They argue about music, whether at home or while travelling.
Their oldest daugher, 28-year-old Anjali, agrees that her parents are contrasting personalities in many ways.
He is incredibly close to us and used to look after us when mum was busy.
This story appears in the May-June 2014 issue of ForbesLife India.
You can buy our tablet version from.
Casino Night In Goa
Search the best Kala Academy, Panaji vacation deals when you book your flight + hotel together. Lowest price guaranteed or money back + free cancellation!
Very useful question
The interesting moment
Big to you thanks for the necessary information.
Thanks for the information, can, I too can help you something?
YES, a variant good
Bravo, the ideal answer.
In my opinion you are mistaken. I can prove it. Write to me in PM.
You are mistaken. Let's discuss it. Write to me in PM, we will talk.
I recommend to you to come for a site on which there is a lot of information on this question.
It seems remarkable phrase to me is
Just that is necessary. A good theme, I will participate. Together we can come to a right answer.
I consider, that you are not right. I am assured. Write to me in PM, we will discuss.
Yes, really. I agree with told all above. We can communicate on this theme.
I congratulate, this rather good idea is necessary just by the way
In my opinion it is obvious. I have found the answer to your question in google.com
I join told all above. We can communicate on this theme. Here or in PM.
The amusing moment
Something so does not leave
Certainly. It was and with me.
And there is a similar analogue?
What exactly would you like to tell?
In my opinion you are not right. I am assured. Let's discuss it. Write to me in PM, we will talk.
What necessary words... super, a remarkable idea
Precisely, you are right
I believe, that always there is a possibility.
You have hit the mark. In it something is also idea good, agree with you.
I can recommend to come on a site, with a large quantity of articles on a theme interesting you.
Excuse for that I interfere � I understand this question. Is ready to help.