India’s largest and only publicly traded gaming and hospitality company Delta Corp. advanced by as much as 3 percent during Tuesday’s early trading hours following news that it had secured a license to operate a casino in the state of Sikkim.

Delta Corp. informed bourses last Monday that it had finally been issued license to operate a casino under the Sikkim (Control & Tax) Act, 2002. The announcement came several weeks after the company announced the launch of its Casino Deltin Denzong in the state’s Gangtok area.

“The company is fully ready to commence its casino operations and will do so immediately,” Delta Corp. said in a statement.

The news caused shares of Delta Corp to jump in trade on the Bombay Stock Exchange. The shares were trading at INR137.15 (USD2.02), up 1.75% around noon Tuesday.