India’s leading gaming company Delta Corp saw its gross revenue increase 233% year-on-year and by 16.5% on the March quarter to Rs 314.46 crore (US$39.4 million) in the three months to 30 June 2022, with improvement booked across all business segments.
According to the company’s financial results, released late last week, the company’s casino gaming division was the biggest mover with gross revenue of Rs 250.72 crore (US$31.4 million) – up from Rs 210.66 crore (US$26.4 million) in the March quarter and from just Rs 41.43 crore (US$5.2 million) in the same period in 2021.
Online skill gaming improved marginally on both quarters to Rs 43.83 crore (US$5.5 million) while hospitality saw gross revenue climb 103% year-on-year and 18.5% sequentially to Rs 19.91 crore (US$2.5 million).
Delta Corp had previously announced gross revenues of Rs 765.2 crore (US$100.5 million) for the financial year ending 31 March 2022.
Profit for the June quarter was Rs 77.38 crore (US$9.7 million), improved on the Rs 70.16 crore (US$8.8 million) reported in the previous quarter and reversing a Rs 35.22 crore (US$4.4 million) loss in the June 2021 quarter.
The improved results come as India continues to emerge from the ravages of the COVID-19 pandemic, which saw Delta Corp’s casinos closed for large period of 2021. It was also granted permission to put one of its offshore casinos in Goa back into operation in May after a court issued a stay against the government’s environmental body.
Delta Corp operates India’s two largest offshore casinos, Deltin Royale and Deltin JAQK, and the country’s only floating hotel with a casino, King Casino, all located in Goa. It also owns and operates the Deltin Suites in Goa Casino Deltin Denzong in Sikkim, as well as the 176-room five-star hotel The Deltin in Daman.
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