India’s only listed gaming company, Delta Corp, saw its income rise by 1.0% quarter-on-quarter and 11.7% year-on-year to Rs 337.19 crore (US$41.4 million) in the three months to 31 December 2022, aided by gains in its online skill gaming and hospitality segments.
However, its casino gaming division suffered a slight quarter-on-quarter decline to Rs 271.81 crore (US$33.3 million), down from Rs 273.66 crore (US$33.6 million) in the September quarter.
The largest gain in 4Q22 was in hospitality, where income grew 35.1% to Rs 14.64 crore (US$1.8 million). Online skill gaming also grew slightly to Rs 50.74 crore (US$6.2 million).
For the first nine months of the financial year, which ends on 31 March 2023, Delta Corp’s total income is more than double the same period last year at Rs 980.16 crore (US$120.2 million). This is already higher than the Rs 748.58 crore (US$91.8 million) in income earned through the entire 2022 financial year.
Profit for the December quarter was Rs 96.13 crore (US$11.8 million), improved from the 93.04 crore (US$11.3 million) reported in the previous 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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