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

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

The three-month period ending September 2020 showed a꧃ net loss of Rs. 549m versus a Rs. 590m profit in Q3 2019.

While the c▨omplete 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 abo൲ut the decline from Q2 2020 of Delta's onliꦯne poker and rummy operations.

The results are certainly disappointing but more positive news from the last month is that ca🌼sinos in India were able to 🐓reopen from November 1, and the Goa state gove༒rnment has allowed casino operators to pay an𝓀nual fees on a monthly basis instead.

At the end of October, Delta announced it൲ was taking a stake in a shipyard building casino vessels.