Delta Corp's Total Revenue Plummets on Back of Casino Closures

Delta Corp Ltd, India's only publicly listed casino operat☂or, published its quarter three financial results on Monday with the brutal news that tota𒆙l revenue of Rs. 460.50 million (US$6.2m) was down nearly 80% on the same period last year.

The three-month period ending September 2020 showed a net l🎉oss oꩵf Rs. 549m versus a Rs. 590m profit in Q3 2019.

While t🔯he complete closure of the company's casinos in Goa and Sikkim due to coronavirus measures proved a mighty blow, perhaps of more concern to stakeholders and shareholders is the news that the firm's online operations were down around a fifth on Q2 of this year.

That's still a rise of 8.9% on Q3 2020, but questions will be asked about the decline from Q2 2020 of Delta's online poker an💞d rummy operations.

The results are certainly disappointing but more positive news from the last month is that casinos in India were able to re🥃open♓ from November 1, and the Go🍒a state government has all✤owed casino operators to pay annual fees on a monthly basis instead.

At the end of October, Delta announced it was taking a stake in a shipyard buildin🅰g casino vess𒅌els.