{"id":17263,"date":"2021-04-27T15:36:08","date_gmt":"2021-04-27T15:36:08","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=17263"},"modified":"2026-04-23T20:03:24","modified_gmt":"2026-04-23T23:03:24","slug":"delta-corp-asks-for-waiver-on-licence-fees","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/delta-corp-asks-for-waiver-on-licence-fees","title":{"rendered":"Delta Corp asks for waiver on licence fees"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">As India faces a rapid rise in Covid-19 cases, Delta Corp has asked authorities for a waiver on licence fees due to the impact on its venues.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">India.- With India suffering from a serious health crisis as a result of an increase in Covid-19 cases,&nbsp;<strong>Delta Corp&nbsp;<\/strong>has reported results for the final quarter of the 2020 fiscal year and&nbsp;<strong>asked authorities for a waiver on its licence fees<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Delta Corp was forced to close its casinos from April 1 until the end of October 2020, and now board members fear <strong>there will be a new lockdown<\/strong>&nbsp;in the following days due to the rise in Covid-19 cases.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company stated in its financial report that&nbsp;<strong>Delta Corp is debt-free and has adequate liquidity available<\/strong>&nbsp;to comply with its liabilities and obligations.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, the management has asked the state government of Goa for a&nbsp;<strong>reduced payment mechanism for its casino licence fees<\/strong>&nbsp;for the period from April 2020 to October 2020.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During the last quarter of 2020,&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/delta-corp-returns-to-profit-after-reopening-of-goas-casinos\" rel=\"noreferrer noopener\">Delta Corp<\/a>&nbsp;reported a<strong>&nbsp;profit of Rs1.28 crore (US$176,000)<\/strong>, which represented a fall of 97.7 per cent year-on-year but a return to profit after a loss of Rs54.91 crore (US$7.6m) in the prior quarter.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the first quarter of 2021,&nbsp;<strong>Delta Corp reported that sales rose 40.57 per cent&nbsp;<\/strong>to Rs 133.22 crore while&nbsp;<strong>net profit for the full year declined 12.87 per cent<\/strong>&nbsp;to Rs 86.75 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As India faces a rapid rise in Covid-19 cases, Delta Corp has asked authorities for a waiver on licence fees due to the impact on its venues.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Delta Corp, an Indian gaming operator, reported a significant year-on-year profit decline for Q4 2020 and a full-year net profit decrease, primarily due to COVID-19 related venue closures. Despite being debt-free with adequate liquidity, the company has formally requested the Goa state government for a waiver or reduced payment mechanism for its casino licence fees for the period of April to October 2020, citing operational disruptions.","focusai_entities":"Delta Corp","focusai_location":"India, Goa","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.85), operator_casino (0.98), investor_analyst (0.9), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Licence Fee Precedent?","query":"What precedent could Delta Corp's request for a licence fee waiver set for other operators facing similar force majeure events in India or other regulated jurisdictions?"},{"label":"Regulatory Response Impact?","query":"How might the Goa state government's decision on Delta Corp's licence fee waiver request influence future regulatory compliance and financial planning for other Indian gaming operators?"}],"footnotes":""},"categories":[161,163,167,16334],"tags":[23890],"class_list":["post-17263","post","type-post","status-publish","format-standard","hentry","category-daily-news","category-finance-news","category-news-region","category-south-asia-news","tag-delta-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=17263"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17263\/revisions"}],"predecessor-version":[{"id":17294,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/17263\/revisions\/17294"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=17263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=17263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=17263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}