{"id":777009584,"date":"2023-09-25T07:53:45","date_gmt":"2023-09-25T10:53:45","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777009584"},"modified":"2026-04-22T17:47:37","modified_gmt":"2026-04-22T20:47:37","slug":"delta-corp-hit-with-us1-34bn-tax-bill","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/delta-corp-hit-with-us1-34bn-tax-bill","title":{"rendered":"Delta Corp hit with US$1.34bn tax bill"},"content":{"rendered":"\n

The news caused Delta Corp’s shares to fall to their lowest level since January 2021.<\/p>\n\n\n\n\n\n\n\n

India.- Delta Corp has been issued with a notice to pay 111.40bn rupees (US$1.34bn) in tax arrears. The company, which operates casinos along with poker and rummy websites, had also disclosed that it, along with two subsidiaries, it has received intimations of an additional shortfall of 56.83bn rupees for the period from July 2017 to March 2022.<\/p>\n\n\n\n

The news caused the company shares to plummet by as much as 20 per cent to their lowest point since January 2021. It’s the biggest intraday percentage drop\u00a0since July 12<\/a>, following a decision by India’s Goods and Services Tax (GST) Council to impose a 28 per cent indirect tax on gambling revenue<\/a>.<\/p>\n\n\n\n

See also: <\/strong>Delta Corp delays online gaming IPO due to GST uncertainty<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The news caused Delta Corp’s shares to fall to their lowest level since January 2021.<\/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 has been issued a notice for INR 111.40bn (US$1.34bn) in tax arrears, with additional intimations for INR 56.83bn, totaling approximately INR 168.23bn. This significant tax demand, stemming from India's 28% GST on gambling revenue, caused the company's shares to fall 20%, reaching their lowest point since January 2021. The development underscores the profound impact of evolving regulatory compliance and taxation frameworks on iGaming operators' financial performance and market valuation.","focusai_entities":"Delta Corp, India's Goods and Services Tax (GST) Council","focusai_location":"India","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"GST Impact","query":"What is the retrospective application scope of India's 28% GST on GGR for other iGaming and casino operators, and what are the potential aggregate industry liabilities?"},{"label":"Delta Corp Strategy","query":"How will Delta Corp's governance framework and capital allocation strategy adapt to mitigate this substantial tax liability and its impact on future growth initiatives, including its online gaming IPO?"}],"footnotes":""},"categories":[163,16334],"tags":[23890],"class_list":["post-777009584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-asia-news","tag-delta-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009584","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=777009584"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009584\/revisions"}],"predecessor-version":[{"id":777041267,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777009584\/revisions\/777041267"}],"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=777009584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777009584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777009584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}