The Shrinking Online Ops of Delta Corp Cannot Beat Online Casinos

Posted by: top24casinos
Posted on: December 13 2020

Delta Corp is India’s largest land-based casino operator, and its third quarter financial report showed its lack of revenue. The company announced that its total revenue over the last three months, which ended on September 30 was only Rs460.5 million ($6.2 million). This a 77.5% decrease from what was recorded last year during the same period. It led to a casino bailout in Goa, making it more important for the company’s future. Today, there are a lot of the best online casinos. This kind of loss is not experienced by any real money online casino.

Delta’s net loss was Rs549m in comparison to a profit of Rs590m in the 3rd quarter of 2019. The Delta casinos at the Goa and Sikkim Indian states did not receive a commission at all during the 3rd quarter. It was since mid-March when they had to close because of COVID-19. This caused the online division of Delta to do the work with a revenue of Rs446m, which was up to 8.9% every year, but it was only 1/5 from the 2nd quarter of 2020. The best casinos online benefit from this because gamblers now have to stay home.

It is not exactly clear which factors caused the rummy and online poker operations of Delta to decline. They are hopeful that there will be an improvement over the current quarter since they have partnered with the World Poker Tour (WPT). The WPT Online series is on the Adda52 site of Delta this month.

Last month, Delta received good news when Goa and Sikkim announced that their land-based and shipboard gambling operations may restart their operations starting November 1. Another good news they received last week was when Panaji City changed their decision about not renewing business permits for 6 floating casinos under them. 3 out of the 6 are Delta’s that operate at Mandovi river in Goa.

Delta and the remaining Goa casino operators must pay their fees annually first. However, its 3rd quarter report says that the casino sector did a state government representation to ask for a reduction/waiver/mechanism for proportionate payment for the fees of gaming licenses for the period when they had to close. If they had a real money online casino, they would not be forced to close due to COVID-19.

The government of Goa already suggested that it allows casino operators to pay the license fees on a monthly scheme. This effectively eliminates having to pay monthly fees when they were asked to close. If this is approved, it will save operators Rs2.77 billion ($37.4 million) collectively.

The publicity that covers this proposal leads to a joint letter addressed to Chief Minister Pramad Sawant of Goa from the Travel and Tourism Association, chamber of commerce, and other local business groups. All of them are against any casino bailout when the government refuses to help other sectors financially, which is negatively affected by COVID-19.

The online casinos for real money are not affected by negative the impact of COVID-19 because they do not interact with players physically. There are plenty of best online gaming websites that punters can choose from.