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Tag Archives: Goa

    delta-corp-india-goa-integrated-resort-casino

    Delta Corp to build Goa integrated resort casino

    Casino
    By Peter Amsel
    14 December 2020

    India's largest casino operator Delta Corp wins approval to build the first land-based integrated resort in the state of Goa.

    goa-floating-casino-covid-crowds-gamblers

    Goa casino gamblers flout COVID-19 rules, outraging locals

    Casino
    By Peter Amsel
    24 November 2020

    Goa locals are outraged as tourist gamblers flout COVID-19 medical precautions while waiting to board floating casinos.

    delta-corp-india-online-gambling-shrinking-casinos-closed

    Delta Corp’s shrinking online ops can’t make up for closed casinos

    Casino
    By Steven Stradbrooke
    10 November 2020

    Delta Corp's Q3 earnings report is a true downer, with casinos closed for the whole period and online gaming reporting sequential decline.

    goa-floating-casino-panaji-license-renewal

    Goa’s floating casinos catch break as city flip-flops on license renewals

    Casino
    By Peter Amsel
    5 November 2020

    The six floating casinos in the Indian state of Goa catch a break as the city of Panaji decides to renew their business licenses after all.

    india-casinos-goa-sikkim-cleared-reopen

    Casinos in Indian states of Goa, Sikkim cleared to reopen Nov. 1

    Casino
    By Steven Stradbrooke
    28 October 2020

    Casinos in the Indian states of Goa and Sikkim cleared to reopen on November 1 after over seven months of pandemic-related shutdown.

    andhra-pradesh-india-floating-casinos

    Andhra Pradesh seeks floating casinos; Goa casinos get another six-month stay

    Business
    By Peter Amsel
    6 October 2020

    The cash-strapped Indian state of Andhra Pradesh reportedly mulls authorizing floating casinos; Goa gives floating casinos annother six-month stay.

    India’s largest casino operator Delta Corp saw its revenue and profit slide in the final quarter of its fiscal year but the company is confident it can ride out the pandemic shutdown. https://calvinayre.com/tag/delta-corp/ On Monday, Delta Corp issued its report covering the three months ending March 31, the fourth quarter of its fiscal year. Revenue fell 10% year-on-year to Rs1.91b (US$25.3m), while pre-tax profits fell by more than one-half to Rs433m and after-tax profits fell 49% to Rs290.4m. Delta’s mainstay land-based casino operations in the states of Goa and Sikkim were forced to close in mid-March, which helped push the quarter’s gaming revenue down nearly one-fifth to Rs1.6b, while non-gaming hospitality revenue fell 24% to Rs179m. The company’s online ‘skill gaming’ operations fared better, rising nearly 22% to Rs453m. https://calvinayre.com/2020/03/18/casino/delta-corp-shares-tumble-goa-sikkim-casino-closures/ The figures weren’t much better on the full-year front, as revenue slipped 2.7% to Rs8.07b, pre-tax profit slid 18.6% to Rs2.56b and after-tax profit dipped 5.6% to Rs1.85b. The company’s shares lost 4.5% by the close of Monday’s trading. Delta has yet to learn when its Goa and Sikkim operations might resume, as Goa authorities announced Monday that it had seen a surge in imported COVID-19 cases since it relaxed some restrictions on inter-state movement. The state’s Chief Minister said Monday that it wouldn’t consider welcoming out-of-state tourists until at least May 31, and Goa’s residents aren’t allowed in the state’s casinos. All Goa casino operators, at least, the floating kind, did catch a break of sorts last month when the state issued yet another six-month extension of shipboard casinos’ right to operate on the Mandovi river. https://calvinayre.com/2020/04/23/casino/goa-casinos-six-month-stay-execution/ However long it takes to resume its Goa and Sikkim operations, Delta management said it was confident that it will be able to survive the enforced downtime, stressing its debt-free status and sufficient liquidity on hand to “honor its liabilities and obligations, as and when due.”

    Delta Corp’s online gambling growth can’t offset casino closures

    Casino
    By Peter Amsel
    19 May 2020

    India's largest casino operator Delta Corp sees revenue and earnings decline in first three months of 2020 as online growth can't offset casino closures.

    goa-india-floating-casinos-six-month-extension

    Goa’s casinos get yet another six-month stay of execution

    Casino
    By Peter Amsel
    23 April 2020

    Goa's casinos get another six-month extension of their right to operate on the Mandovi river because no one can find another waterway for them to call home.

    delta-corp-goa-sikkim-casino-closures-coronavirus

    Delta Corp shares tumble as Goa, Sikkim order casinos to close

    Casino
    By Peter Amsel
    18 March 2020

    India's largest casino operator Delta Corp sees shares fall 9% after both Goa and Sikkim order all casinos to close to minimize further spread of COVID-19.

    goa-india-kadamba-hotel-casino

    Goa gets new hotel casino despite floating casino uncertainty

    Casino
    By Steven Stradbrooke
    22 February 2020

    Indian state of Goa approves ninth land-based casino at Fern Kadamba Hotel despite uncertainty surrounding state's six floating casinos.

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