{"id":777020557,"date":"2024-11-08T09:29:49","date_gmt":"2024-11-08T12:29:49","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777020557"},"modified":"2026-04-22T04:23:57","modified_gmt":"2026-04-22T07:23:57","slug":"gambling-in-india-delta-corp-posts-revenue-of-us24-9m-for-q2","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/gambling-in-india-delta-corp-posts-revenue-of-us24-9m-for-q2","title":{"rendered":"Gambling in India: Delta Corp posts revenue of US$24.9m for Q2"},"content":{"rendered":"\n

Revenue was down 24.4 per cent in year-on-year terms.<\/p>\n\n\n\n\n\n\n\n

India.-\u00a0Delta Corp<\/strong>\u00a0has shared its financial results for the second quarter of the financial year 2024-25. It posted revenue of Rs2.06bn (US$24.9m), down 24.4 per cent from a year before<\/a> but up 5.34 per cent sequentially.<\/p>\n\n\n\n

Revenue from gaming operations was up 4.61 per cent in quarter-on-quarter terms to Rs1.77bn (US$21.36m) but down 30 per cent when compared to the second quarter of the last financial year. Online skill gaming revenue grew 13.91 per cent quarter-on-quarter from Rs 36.55 crores (US$4.41m) to Rs 41.63 crores (US$5.02m). The figure was up 13.24 per cent in year-on-year terms. Income from hospitality operations declined 27 per cent quarter-on-quarter to Rs 9.72 crores (US$1.17m) but grew 11.5 per cent year-on-year.<\/p>\n\n\n\n

Cumulatively, Delta Corp has reported income of Rs4.02bn (US$48.7m) for the first six months of the financial year, down 26.5 per cent from the same period last year. Gaming operations were down 31.9 per cent year-on-year to Rs3.46bn (US$41.75m). Online skill gaming revenue was Rs 78.18 crores (US$9.43m), up 7.7 per cent, while income from hospitality operations was down 6.57 per cent to Rs 22.06 crores (US$2.66m).<\/p>\n\n\n\n

Delta Corp demerger approved by board<\/h2>\n\n\n\n

In September, Delta Corp<\/strong>\u2018s board of directors approved the demerger of its gaming business from its hospitality and real estate divisions. Delta Penland Private Limited (DPPL)<\/strong>, a newly incorporated company, will run the hospitality and real estate business, including Deltin Suites, in Goa, The Deltin, in Daman,\u00a0Marvel Resorts<\/a>, a proposed 440-room hotel in Goa in advanced construction, and land in Dhargalim, Goa, where the company aims to develop an integrated resort with a water park.<\/p>\n\n\n\n

Delta Corp said the shares of the resulting company \u201cshall be listed on the stock exchanges pursuant to the scheme.\u201d It said: \u201cThese listed entities will be subject to public, media, analysts and regulatory review. A clean corporate structure with no cross holdings will ensure transparency, accountability, and highest standards of corporate governance and compliance\u201d and stressed the demerger plan will have no impact on employees, customers and its business partners.<\/p>\n\n\n\n

The new scheme aims to \u201cimprove its operational efficiency and accountability\u201d increase investor opportunities and allow better resource allocation<\/strong>.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Revenue was down 24.4 per cent in year-on-year terms.<\/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 24.4% year-on-year revenue decline for Q2 FY24-25, with gaming operations down 30% YoY, though online skill gaming saw a 13.24% YoY increase. Concurrently, the board approved a strategic demerger, separating its gaming business from hospitality and real estate into a new entity, Delta Penland Private Limited, aiming for enhanced operational efficiency and investor transparency.","focusai_entities":"Delta Corp, Delta Penland Private Limited, DPPL, Deltin Suites, The Deltin, Marvel Resorts","focusai_location":"India, Goa, Daman, Dhargalim","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.8), operator_casino (0.7), supplier_vendor (0.7), investor_analyst (0.98), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Demerger Impact on Valuation?","query":"What is the projected impact of Delta Corp's demerger on the valuation of its distinct gaming and hospitality\/real estate entities, particularly concerning investor appetite for pure-play gaming assets versus diversified portfolios?"},{"label":"Regulatory Hurdles for Listing?","query":"What specific regulatory and licensing hurdles might Delta Penland Private Limited face in India for the listing of its hospitality and real estate assets, given the existing complexities in the gaming sector?"}],"footnotes":""},"categories":[163,16333],"tags":[23890,23907],"class_list":["post-777020557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-news","category-south-east-asia-news","tag-delta-corp","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020557","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=777020557"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020557\/revisions"}],"predecessor-version":[{"id":777020592,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777020557\/revisions\/777020592"}],"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=777020557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777020557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777020557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}