Delta Corp casinos post 2.6 pct profit increase
During the second quarter of 2019, Delta Corp casinos posted a slight increase in profit, which shot up 2.6% year-on-year to €5.5 million.
India.- Casino operator Delta Corp revealed its second-quarter results and showed slight improvements from last year. According to the most recent report, the company’s net profit had a minor increase year-on-year, as it jumped 2.6% to €5.5 million.
The operator explained its net profit grew even as its total revenue fell by 1% to €30.7 million when compared to last year.
As reported by Delta Corp, gaming revenue rose 2.6% from 2018’s second quarter. They said it was largely boosted by the casino gaming division, offset slightly by the online skill gaming division and the hospitality division.
According to experts, the entry of Big Daddy casino in the Goa market increased competition and caused flattish revenues.
Critics on the oa casino industry
The Goa casino industry has politics intertwined in a heated debate. Many want it gone and some – at least – want it out of the Mandovi river.
Former chief of the Rashtriya Swayamsevak Sangh’s (RSS) Subhash Velingkar criticised Chief Minister Pramod Sawant. The official had backed the Goa casino industry in a recent statement and received critics for it.
“It is a shame that the BJP-led coalition government in Goa is openly backing the casino industry. Since when have casinos become a part of the official tourism policy of the state,” Velingkar said, as quoted by webindia123.
“The government should come out with a white paper and share information about how much income the state earns from the casinos and how many Goans are employed in the casinos. What will be the long-term effect of the casinos on the environment, Goan heritage and Goan identity,” he said.
