India’s casino operator, Delta Corp, shows 22,7% increase in profit during the past three months.
India.- Delta Corp, India’s market-leading casino operator, reported a 22.7% increase in profit in the three months to September 30, 2019, boosted by a reduction in corporate income tax rates.
Delta Corp saw its profit after tax increase from €6,1 million in the same three months last year to €6,1 million in 2019, despite a very slight year-on-year fall in revenue to €7,5 million. This revenue difference represents a 6,7% sequential increase.
The company’s online gaming revenue from its popular poker site, Adda52, grew by almost 14% to €519 million.
Delta Corp is still waiting for the government to make its long-awaited decision to relocate Goa’s offshore casino industry to land – a move described by analysts as major growth driver in the coming years.