Delta Corp reports flat results at the end of 2019
Stagnant revenues blamed on maintenance undertaken on one of its casino cruise ships
India.- Indian casino operator Delta Corp has reported flat results for the quarter ending December 31 2019. The operator posted identical numbers as the previous year with around INR2.1 billion (about €26.6 million) in net income.
The company’s profit in the quarter amounted to INR 551 million (€6.9 million), which was 9 per cent higher than the previous year’s figures.
Revenues from the casino gaming division declined by 3.4 per cent. The ones from the online skill gaming division increased 8.7 per cent.
Addressing the decline, the company said that one of its casino cruise ships, owned and operated by the Delta Pleasure Cruise Company, underwent dry-dock maintenance. Furthermore, it was not operational for 25 days during the quarter which impacted gaming revenue.
Delta Corp is India’s only listed casino operator. It owns and operates casinos in Goa and Sikkim.
The company also owns and operates the online poker site Adda52.com, the online rummy site Adda52rummy.com and online fantasy sports site LeagueAdda.com.
