Also you could run the deluge-debug.exe (it will produce a debug window, though) so you get unsupressed symbols.
I just tried your exact shortcut, going Right click desktop, New -> Shortcut, and pasting your shortcut line.
First line you should see upon launching will happen immediately and look like the following.
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14:56:56 [DEBUG][deluge.ui.ui:69 ] options: Namespace(config=None, logfile='C:\\Users\\ambi\\Desktop\\deluge.log', loglevel='debug', logrotate=None, quiet=False, profile=False, torrents=[], remaining=[])