• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Thursday 4 September 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Delta Corp puts Goa integrated resort project on hold pending resolution of crippling tax claims

Newsdesk by Newsdesk
Thu 4 Sep 2025 at 06:06
Casinos remain closed as Goa extends lockdown measures for one week
0
SHARES
11
VIEWS
Print Friendly, PDF & Email

India’s Delta Corp has suspended construction of a US$285 million integrated resort project in Goa until it receives more clarity on moves to increase the GST charged on bets placed to 40% and retrospectively claim back taxes.

The project, first announced in 2020, had been scheduled to open in 2027 in the state’s north and comprise a casino plus hotels, a convention center, multiplex cinema, retail area, water park and other facilities.

According to a report by Times of India, Delta Corp will keep the IR development on hold until ongoing court proceedings in relation to the tax issues are resolved.

“The 40% GST contemplated will make the entire sector unviable,” said Delta Corp chairman Jaydev Mody. “It will affect thousands of jobs, reduce visitation to the state, negatively impact revenue collection and render past industry investments redundant. Our integrated resort, which would have created direct employment for 10,000 people, will remain on hold until all GST issues are clarified.”

Such taxes would also render existing investments, including Delta Corp’s onshore and cruise ship casino operations in Goa and Sikkim, untenable, Mody added.

“The question of investing in either of the two states does not arise with this uncertainty,” he said. “On the one hand, there is the retrospective GST demand from the department, and on the other, there is a prospective GST hike to 40%.”

As previously reported by Inside Asian Gaming, various government agencies have issued claims for back taxes totalling a whopping US$2.8 billion – those orders coming at a time when the company’s market cap stood at around US$420 million.

Delta Corp has stated in past filings that the reason for such sizeable claims is that they are “based on the gross bet value of all games played at the casinos during the relevant period.

“Demand of GST on gross bet value, rather than gross gaming revenue, has been an industry issue and various representations have already been made to the Government at an industry level in relation to this issue,” Delta Corp has said.

“The Company has been legally advised that the … tax demand is arbitrary and contrary to law, and the Company will pursue all legal remedies available to it to challenge such tax demand and related proceedings.”

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 and Casino Deltin Denzong in Sikkim, as well as the 176-room five-star hotel The Deltin in Daman. In FY23 it started operation of “Deltin Zuri” – which it describes as the only luxurious land-based casino in South Goa.

RelatedPosts

Flutter stops India real-money gaming operations, bemoans lack of industry consultation

Flutter stops India real-money gaming operations, bemoans lack of industry consultation

Tue 26 Aug 2025 at 04:00
Macau GGR down 12.7% month-on-month to MOP$17.3 billion in September, lowest of the year

Macau government collects US$1 billion in gaming tax revenue in July

Mon 25 Aug 2025 at 13:34
Indian court denies request to block all online gambling sites during cricket World Cup

Indian parliament bans all real-money online gambling

Fri 22 Aug 2025 at 06:21
How Indian affiliates earn and scale with 1xPartners

How Indian affiliates earn and scale with 1xPartners

Fri 22 Aug 2025 at 05:32
Load More
Tags: Delta CorpGoaGSTIndiaintegrated resortJaydev Modytax
ShareShare
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Flipping the script

Editorial – Flipping the script

by Ben Blaschke
Thu 28 Aug 2025 at 12:30

This month represents an important milestone for Inside Asian Gaming as we launch IAG EXPO – an expansion of the...

Asia market roundup

Asia market roundup

by Ben Blaschke
Thu 28 Aug 2025 at 12:26

Inside Asian Gaming takes a deep dive into the state of Asia-Pacific’s key gaming markets: who’s hot, who’s not and...

Rewriting the rules

Rewriting the rules

by Newsdesk
Thu 28 Aug 2025 at 11:43

IAG EXPO, taking place at Newport World Resorts from 8 to 10 September, is not your usual trade show. IAG...

Test of character

Test of character

by Newsdesk
Thu 28 Aug 2025 at 11:28

Since its establishment in 1989, Gaming Laboratories International (GLI) has developed into the world’s most trusted name when it comes...

Evolution Asia
Your browser does not support HTML5 video.
Aristocrat
GLI
Nustar
SABA
Mindslot
Solaire
Hann
Tecnet
NWR

Related Posts

Philippines international visitation back to 70% of pre-COVID levels

Foreign visitation to the Philippines down 2.8% from January to July on lower arrivals from South Korea and China

by Newsdesk
Thu 4 Sep 2025 at 05:19

The number of foreign visitor arrivals to the Philippines is down almost 3% for the first seven months of 2025 combined, impacted by the continued decline in visitation from key source markets South Korea and China. According to latest information...

Win rates rising for Grand Korea Leisure but major decline in February visitation points to coronavirus impact

Grand Korea Leisure sees casino revenues fall by 10% in August to US$25 million

by Newsdesk
Thu 4 Sep 2025 at 04:59

A recent run of upwards momentum came to an end for foreigner-only casino operator Grand Korea Leisure (GKL) in August, with casino revenue falling 15.0% year-on-year and 10.0% month-on-month to KRW35.1 billion (US$25.2 million). The August result included an 11.8%...

Philippines licensed casinos suffer 2Q24 GGR decline but E-Games sector drives industry growth

Philippines online gaming sector generates US$1.2 billion in fees in first seven months of 2025 as PAGCOR vows crackdown on illegal sites

by Ben Blaschke
Thu 4 Sep 2025 at 04:49

PAGCOR Chairman and CEO Alejandro Tengco has promised to increase actions against illegal online gambling sites while reiterating the important financial contribution of licensed sites, which he revealed contributed Php69 billion (US$1.20 billion) in license feed in the first seven...

NUSTAR joins Brigada Eskwela 2025 to Support local kindergarten students

NUSTAR joins Brigada Eskwela 2025 to Support local kindergarten students

by Newsdesk
Wed 3 Sep 2025 at 16:46

As part of its commitment to uplifting communities through meaningful service, NUSTAR Resort & Casino Cebu participated in this year’s Brigada Eskwela 2025 with an outreach activity held on 8 August at Vicenta A. Manreal Elementary School in Pooc, Talisay...

Your browser does not support the video tag.


IAG

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2025
Inside Asian Gaming.
All rights reserved.

  • English