Delta Corp, the biggest and only listed casino operator in India, has announced its financial results for the second quarter of 2022 and the numbers show a huge gross revenue increase compared to the previous year.
In fact, the company’s gross revenue went up by no less than 233 percent year-on-year, an impressive increase by any standards. Delta Corp generated around 39.4 million dollars in revenue in the second quarter of 2022, which also represents an increase of 16 percent compared to the first quarter.
Delta Corp revealed that its casino gaming division was the driving force behind the good results, with gross revenue of 31.4 million dollars during the second quarter of 2022. For comparison, the second quarter of 2021 only brought in 5.2 million dollars while the first quarter of 2022 generated 26.4 million dollars.
The company’s online skill gaming division also registered an improvement in revenue to 5.5 million dollars, but it was by far less impressive than what the casino gaming division managed to achieve.
The hospitality side of the business also recorded a massive revenue growth, the company’s total revenue from this sector amounted to 2.5 million dollars, which represents an increase of 103 percent year-on-year.
Delta Corp had previously announced gross revenues of around 100.5 million dollars for the financial year ending 31 March 2022, while the report for the fourth quarter of 2021 has also shown solid results.
The company also recorded a profit of almost 10 million dollars in the second quarter of 2022, a welcome sight after having reported a loss of 4.4 million dollars in the same period of last year.