Delta Corp Limited success highlights land-based possibilities

Indian gambling and hospitality operator Delta Corp Limited has reportedly introduced its second-quarter monetary results demonstrating an over 92.5% increase year-on-year in operational net earnings to $6.06 million along with a 48% rise in total revenues to $28.51 million.

Gross gaming revenues rocket:

Based on a Wednesday report from GGRAsia, Delta Corp Limited is responsible for a trio of riverboat casinos in the Tiny Indian state of Goa encompassing the Deltin Royale, Deltin Jaqk and Deltin Caravela vessels while also conducting the land-based Deltin Denzong Casino place in Sikkim. The giant Asian nation’s just publicly-listed gambling provider purportedly moreover saw its gross gambling revenues for the 3 months to the end of June drop by some 52.7% year-on-year to reach $25.74 million.

GGRAsia reported that the increasing volume of business has been performed by Delta Corp Limited’s gambling-friendly ships prompted boutique investment firm Union Gambling Securities Asia Limited to announce that Goa should now severely start considering the legalization of onshore casinos.

Goa reportedly only allows riverboat casinos to operate within its boundaries but Union Gambling Securities Asia Limited reportedly used a Tuesday memo to say that the achievement of Delta Corp Limited ‘continues to make the situation ’ for a future transition on dry land.

Union Gambling Securities Asia Limited’s memo reportedly browse …

“Upside to our expectations derived from all major reporting segments; casino gambling operations, online gambling and hospitality, together with the largest delta in absolute dollar terms coming from casino operations upside down. ”

Annual Goa gross gambling revenues could top $1 billion:

Grant Govertsen from Union Gambling Securities Asia Limited reportedly declared that the Goan floating casino market could bring in annual gross gambling revenues of more than $1 billion in the upcoming few years although Delta Corp Limited may be hindered by a lack of distance as its boats already contain occupancy rates of over 50%.

Union Gambling Securities Asia Limited’s memo reportedly further browse …

“Simply put, demand for your organization ’s riverboats in Goa remains very robust and continues to make the situation for the transformational land-based move. ”