India’s Delta Corp Shows Q4/2020 Profits Amidst Reopening of Goa Casinos

Following the reopening of its Goa casinos, Delta Corp has edged back into profit. Delta Corp Limited is the only listed company in the hospitality and gaming sector in India. It is the leading company within the industry and operates an online casino as well as land-based venues in Goa and Sikkim.

Latest Performance

For the first time since Q1, Delta Corp gained income from various gaming operations. Thanks to their online operations via Adda52.com, yearly profits have climbed by 60%.

Despite a loss of RS 54.91 crore (US$7.6 million) during the September 2020 quarter, Delta Corp has recorded profits in Q4. From 1 November, Goa’s casinos were reopened to the public at 50% capacity. Delta Corp generated a profit of RS 1.28 crore (US$176,000) in the last three months of 2020 after suffering losses due to Goa casino closures on 14 March.

Delta Corp in Sikkim

In December 2015, the five-star Deltin Suites began operating. This allowed Delta to begin expanding and operating both floating casinos and onshore gaming venues. The DeltinDenzong Casino, located in Gangtok,  was opened in 2016. The resort is licensed by the Government of Sikkim and has over 200 gaming positions spread across 26 live gaming tables.

Delta Corp in Goa

The company operates three offshore and one land-based casino in Goa, the Deltin Royale being its largest. Onboard of the Royale there are 60 slot machines and 118 tables which offer over 900 gaming positions. Across its five floors, the Royale has an exclusive whisky lounge, a restaurant and is home to India’s largest poker room.

Online Properties

Delta Corp acquired Gauss Networks Private Ltd. in 2016, operator of online poker site Adda52.com. The industry-leader also operates online rummy (Adda52rummy.com) and fantasy sports (LeagueAdda.com).

Hospitality

Capitalising on the synergy between gaming and hospitality, Delta Corp has opened two hotels in Goa and Daman. Opened in 2014, The Deltin, Daman, is the largest casino resort in India. This award-winning offshore venue offers a wide array of entertainment for guests. The complex is spread across 176 rooms, consisting of intimate lounges, speciality restaurants and bars.

As well as The Deltin, Daman, the gaming company also owns the Deltin Suites in Nerul. This five-star resort includes an in-house casino, spa, gym and two restaurants.

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