Delta Corp Casino News
On Saturday, Delta Corp Ltd. announced that they have received in-principle approval from the Goa Investment Promotion and Facilitation Board to set up a new resort in the state. The resort is set to be situated in pernem and it will consist of several hotels, convention center, multi-screen cinema, retail area, water park, plus an electronic casino.
Delta Corp share price declined 8 percent intraday on March 17 after the company closed its casinos in Sikkim to combat the outbreak of Covid-19. As a precautionary measure in view of the spread. In a note following the publication of Delta Corp’s Q2 2020 financial results, DeCree forecast revenue in the company’s online segment to reach US$30.5 million in sales in FY22, which based on valuations of between 10x and 15x of sales for US online gaming businesses would imply a valuation of US$305 million to US$458 million.
Delta Corp Q2 slips into net loss of Rs55.53cr as casino gaming stays shut Delta Corp reported 77.6% steep drop in top line revenues at Rs46.47cr on a consolidated basis. Nov 09, 2020 06:11 IST. Delta Corp shares closed up 3.16% on the news, which will be a small boost to investors. In the latest quarter on a consolidated basis, Delta Corp reported a net loss of Rs 54.91 crore in Q2 September 2020 compared with a net profit of Rs 59.04 crore in Q2 September 2019. Net sales plummeted to Rs 38.37 crore in Q2 September 2020 over Q2.
Also Read: Delta Corp Limited to run casino in Nepal
The company released a statement that said,
“The integrated resort is expected to be one of its kind in the country. The project is expected to boost tourism, employment and infrastructure of the state of Goa,”
Delta Corp shares closed up 3.16% on the news, which will be a small boost to investors. In the latest quarter on a consolidated basis, Delta Corp reported a net loss of Rs 54.91 crore in Q2 September 2020 compared with a net profit of Rs 59.04 crore in Q2 September 2019. Net sales plummeted to Rs 38.37 crore in Q2 September 2020 over Q2 September 2019.
Delta Corp Casino News Today
The land-based revenue for the company dried up with the closure of casinos at the start of the coronavirus pandemic. Analysts will be closely looking at the next quarter of results which should show decent growth with casinos in India back open since November 1.
For more information about the casinos and the India poker industry, keep reading PokerShots!
On Saturday, Delta Corp Ltd. announced that they have received in-principle approval from the Goa Investment Promotion and Facilitation Board to set up a new resort in the state. The resort is set to be situated in pernem and it will consist of several hotels, convention center, multi-screen cinema, retail area, water park, plus an electronic casino.
Also Read: Delta Corp Limited to run casino in Nepal
The company released a statement that said,
Casino Delta Downs
“The integrated resort is expected to be one of its kind in the country. The project is expected to boost tourism, employment and infrastructure of the state of Goa,”
Delta Corp shares closed up 3.16% on the news, which will be a small boost to investors. In the latest quarter on a consolidated basis, Delta Corp reported a net loss of Rs 54.91 crore in Q2 September 2020 compared with a net profit of Rs 59.04 crore in Q2 September 2019. Net sales plummeted to Rs 38.37 crore in Q2 September 2020 over Q2 September 2019.
The land-based revenue for the company dried up with the closure of casinos at the start of the coronavirus pandemic. Analysts will be closely looking at the next quarter of results which should show decent growth with casinos in India back open since November 1.
For more information about the casinos and the India poker industry, keep reading PokerShots!