Delta Corp posts losses for Q1 due to Covid-19 closures

The Indian gaming company reported a net loss of Rs28.93 crore during the first quarter of the year.

India.- Delta Corp has reported a consolidated net loss of Rs28.93 crore for the first quarter of the year. That compares to a profit of Rs57.77 crore in the previous quarter.

Net sales declined 64.1 per cent from Rs211.34 crore to Rs75.87 crore when compared to the fourth quarter of last year, but were up 57 per cent year-on-year.

The company reported that net sales from the casino division were negative Rs34.55 crore while revenue from itsonline skill gaming division was Rs43.28 crore, up 9.7 per cent when compared to the previous quarter. Casino gaming revenue stood at Rs41.43 crore.

Delta Corp has recently resumed operations in Sikkim after temporarily suspending operations in the first week of May when authorities introduced a curfew due to a surge in Covid-19 cases.

Authorities in Sikkim originally planned to end the curfew on June 14 but the rate of infection remained high for most of the last month.

Casinos in Goa have been closed since April 29. In May, Delta Corp asked authorities for a waiver on licence fees due to the impact on its venues.