The Largest Indian Gembling Operator Reported Revenue Growth In 2019
Delta corp, one of the most successful gambling operators in india, reported an increase in revenue in the first monhs of 2019.
According to a recent financial statement, revenues increased by 18.7% compared to the same period last year and reached $ 32.4 million per quarter. It was due to high casino-operations that rose by 21.1% – up to $ 27 million.
Despite the fact that the numbers are slightly lower than in the fourth quarter of last year, they are a faithful sign of movement forward. Income from the online operations increased by 11% compared to the same period last year and reached $ 5.6 million, and from hotel business and other operations – by 7.9%, reaching $ 3.5 million.
Pure revenue delta corp. During the reporting period, increased by 19.1% and amouunted to about $ 29.5 million. It helped to increase profits for the first quarter to $ 8.22 million compared with $ 6.56 million, year earlier.
According to grant grantzen from union gaming, the company will continue to strength its position. He argues that the company’s shares remain in demand. The expert added: «in addition to significant tourism growth in goa (management noted an increase in sales in march by 40% compared to the segment will increase at the end of this month will manage the casino. Although the initial results are likely to be modest compared to the season of the game of new customers, as cruises will leave mumbai».
Delta corp. Owns three offshore casinos in india, as well as a casino hotel in goa. She also controls gambling deeltin denzong in sikkim and delton, an integrated resort located in daman.
During the quarter, the company introduced his business daily fantasy sports through the indian dfs provider – halapley, which is now owned by 20% delta. The company supports ground and online poker segments that should continue to grow by about 30% per year. Indition, the casino’s contract for the casino management to kathmandu must enter into force in the next few months.