Delta Corp profits rise on lower tax, higher online gaming revenues
Indian casino operator Delta Corp reported a 9.0% increase in profit to Rs. 54.90 crores (US$7.7 million) in the three months to 31 December 2019, aided by higher revenue in its online gaming segment and lower tax liabilities. The improvement...
Read more
India’s Delta Corp to launch Kathmandu casino “soon” after receiving Nepal license
India’s largest gaming operator, Delta Corp, says it will commence operations of a casino at the Marriot Hotel in Kathmandu “soon” after being issued a Nepal casino license. The update, provided via a filing to the national Stock Exchange of...
India’s Anti-Corruption Unit questions domestic T20 cricket leagues after US$32 million bet on state-level game
The Anti-Corruption Unit (ACU) of the Board of Control for Cricket in India (BCCI) has asked the governing body to consider shutting down domestic Twenty 20 (T20) leagues over match fixing concerns after a recent match in a small local...
India’s Delta Corp sees profit soar 22.7% in 3Q19 despite flattish revenues
India’s market-leading casino operator, Delta Corp, reported a 22.7% increase in profit in the three months to 30 September 2019, boosted by a reduction in corporate income tax rates. Delta Corp saw its profit after tax increase from Rs. 48.10...
Entertainment on the agenda in India as first details of SPiCE 2020 conference released
Eventus International is set to add more flavor to the SPiCE 2020 agenda, with the Indian gaming convention in Goa to feature a networking cocktail pre-event called “SP’iCE Breaker”, the “SPiCE It Up Poker Tournament” and the “SPiCE Awards” followed...
Six Indian casinos accused of owing a combined US$950 million in tax as bizarre GST on wagers debate rolls on
India’s Director General of GST Intelligence (DGGI) has accused six casinos in Goa and Sikkim of tax evasion to the tune of 6,500 crore, equivalent to an eye-watering US$950 million. According to a report in The Times of India, DGGI...
Strange circumstances see Delta Corp 2Q19 income fall but future growth signs still positive
Leading Indian gaming operator Delta Corp has recorded a slight 3% fall in income for the three months to 30 June 2019. But the decline is far from an accurate reflection of the company’s performance with the temporary absence of...
Goa edging closer to shifting offshore casinos to land
Goa’s Chief Minister, Pramod Sawant, says finalization of the state’s long-awaited Casino Policy has reached the final stages of consideration but has refused to give any deadline for implementation. Speaking to local media over the weekend, Sawant confirmed his intention...
