India’s Delta Corp sees revenue and profit rise again in 3Q22 – IAG

India’s only publicly traded gaming company, Delta Corp, saw its operating income rise a further 7.4% quarter-on-quarter – and 263% year-on-year last – to reach 337.75 crore rupees ($41.1 million) in the three months to September 30, 2022.

Enjoying its first full quarter without restrictions since the start of the COVID-19 pandemic, Delta Corp’s 3Q22 results included 273.66 crore rupees ($33.3 million) from gaming operations and 49.41 crore rupees ($6.0 million) from online skill games, while 14.68 crore rupees ($1.8 million) came from non-gaming.

For the six months ended September 30, 2022, the company’s revenue increased by 248% year-on-year to Rs 652.21 crore ($79.3 million).

Delta Corp previously announced gross revenue of Rs 765.2 crore ($100.5 million) for the financial year ending March 31, 2022.

Profit for the September quarter was 93.04 crore rupees (US$11.3 million), improved from the 77.38 crore rupees (US$9.7 million) reported in the previous quarter and canceling out a loss of Rs 25.85 crore (US$3.1 million) in the September 2021 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 an extended period of 2021. It also won approval to reinstate service one of its offshore casinos in Goa 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 at Goa Casino Deltin Denzong in Sikkim, as well as the 176-room five-star hotel The Deltin in Daman.

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