Authorities in Goa have extended countermeasures until at least July 19 as Covid-19 cases remain high.
India.- Delta Corp has confirmed that its casinos in Goa will remain closed until at least July 19.
State authorities have announced that current countermeasures will continue as the number of Covid-19 cases remains high.
Delta Corp said it was unable to estimate the potential losses on account of the temporary closure. 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.
It reported that it is debt-free and has adequate liquidity available to comply with its liabilities and obligations, but management asked the state government of Goa for a reduced payment mechanism for its casino licence fees for the period from April 2020 to October 2020.
Delta Corp 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 its online 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.