Promising future for Delta in Goa
According to Union Gaming, Delta Corp’s financial performance “continues to make the case” for moving riverboat casinos to land.
India.- Riverboat-based casinos in the Indian state of Goa are set to move to land and, according to Union Gaming Securities Asia Ltd., Delta Corp Ltd “continues to make the case” for the transition. The company has just revealed it nearly doubled its net profit operations year-on-year (US$6.05 million) during the second quarter after posting a US$28.5 million revenue.
“Upside to our expectations derived from all major reporting segments: casino gaming operations, online gaming and hospitality, with the biggest delta in absolute dollar terms coming from casino operations upside,” said Union Gaming. Furthermore, analyst Grant Govertsenexplained that the difference mainly “stems from a notable amount of player displacement from the nearby small-scale hotel-based casinos that have either closed or downsized due to the recent licence fee hike.”
According to the analyst for Union Gaming, the only hurdle for the company to continue growing is the lack of space in its riverboats. “Simply put, demand for the company’s riverboats in Goa remains very robust and continues to make the case for the transformational land-based move,” he said.
