The Indian gaming company reported a 17 per cent decline in profits for the fourth quarter of fiscal year 2022.<\/p>\n\n\n\n\n\n\n\n
India.-\u00a0Delta Corp\u00a0<\/strong>has shared its financial results for the quarter ended March 31. It posted\u00a0a net profit of Rs48.11 crore (US$6.3m)<\/strong>, down 17 per cent quarter-on-quarter. Gaming revenue for the period fell slightly from Rs211.87 crore to Rs210.66 crore (US$27.7m).<\/p>\n\n\n\n The group’s online revenue increased by nearly 8 per cent year-on-year<\/strong>\u00a0to Rs42.53 crore (US$5.6m). That’s an increase from Rs35.71 crore in the previous quarter.<\/p>\n\n\n\n For the full fiscal year to March 31, revenue rose 48.4 per cent year-on-year to Rs765.2 crore (US$100.5m).<\/p>\n\n\n\n Delta Corp was allowed to\u00a0reopen its casino venue in Goa<\/a>\u00a0on March 7, 2022, while its Sikkim casino reopened on February 11. The casino in Nepal returned to full capacity on February 28. The company made a representation to the Government of Goa, seeking\u00a0a reduction for casino licence fees<\/a>\u00a0for the period of shut down.\u00a0<\/p>\n\n\n\n In its financial report, Delta Corp stated: “Due to the pandemic situation, the stress on the operations and the representations made, the management is hopeful that the Government of Goa may consider its request, favourably. <\/p>\n\n\n\n “In such a situation, the provision of licence fees made in the books may not be payable in full or in part, as per direction of the Government of Goa.”<\/p>\n","protected":false},"excerpt":{"rendered":" The Indian gaming company reported a 17 per cent decline in profits for the fourth quarter of fiscal year 2022.<\/p>\n","protected":false},"author":176,"featured_media":17272,"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 reported a 17% quarter-on-quarter decline in Q4 FY22 net profit, reaching Rs48.11 crore, despite a marginal increase in online gaming revenue. The full fiscal year demonstrated robust recovery with a 48.4% year-on-year revenue increase, primarily attributed to the phased reopening of its land-based casino assets across Goa, Sikkim, and Nepal. Concurrently, the operator is actively engaging the Government of Goa to secure a reduction in casino licence fees for the pandemic-induced operational shutdown period.","focusai_entities":"Delta Corp","focusai_location":"India, Goa, Sikkim, Nepal","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"QoQ Profit Decline","query":"What specific factors contributed to the 17% QoQ decline in net profit despite casino reopenings and online revenue growth?"},{"label":"Goa Licence Fees","query":"What is the projected financial impact on Delta Corp's NGR and profitability if the Government of Goa grants the requested licence fee reduction?"}],"footnotes":""},"categories":[157,16333],"tags":[23890],"class_list":["post-28927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-delta-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28927","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=28927"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28927\/revisions"}],"predecessor-version":[{"id":28940,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28927\/revisions\/28940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17272"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}