Delta Corp, India’s largest and only listed gaming and hospitality company, reported a 3% decrease in income for the March quarter. The company’s casino and online skill gaming segments both experienced declines, impacting overall revenue.
Delta Corp’s casino business, which includes its flagship property Deltin Royale in Goa, saw a drop in revenue as COVID-19 restrictions continued to impact operations. The company’s online skill gaming segment also struggled as competition increased in the market.
Despite the challenges faced by the company, Delta Corp remains optimistic about the future. In a statement, the company acknowledged the difficulties faced during the quarter but expressed confidence in its ability to bounce back.
“We have experienced a challenging quarter, with our casino and online skill gaming segments both facing headwinds. However, we remain focused on our long-term growth strategy and are confident in our ability to navigate the current market conditions,” said Delta Corp’s CEO.
The company has been actively working to diversify its revenue streams and reduce its dependence on the casino business. In recent years, Delta Corp has focused on expanding its online gaming offerings and exploring new markets to drive growth.
Despite the decline in income, Delta Corp’s casino and online skill gaming segments remain strong performers for the company. The casino business continues to attract both domestic and international tourists, while the online skill gaming segment has a loyal customer base.
Looking ahead, Delta Corp is optimistic about the potential for growth in the gaming industry in India. The company is actively pursuing opportunities to expand its reach and diversify its offerings to appeal to a broader audience.
Overall, Delta Corp remains committed to its long-term growth strategy and is confident in its ability to overcome the challenges faced during the March quarter. With a strong foundation in place and a focus on innovation, the company is well-positioned to drive growth and expand its presence in the Indian gaming market.
