Delta Corp, the largest and only listed casino operator in India, has announced that it recorded promising results in the fourth quarter of 2021, recovering well at the end of a very difficult year.
For the three months to 31 December 2021, Delta Corp reported an increase in gross income of 104.2 percent compared to the same period of 2020. The company’s income in the fourth quarter was Rs 307.65 crore (around 41.7 million U.S. dollars). The good results were mainly due to the reopening of the company’s casinos in Goa and Sikkim.
The Delta Corp financial reports also show that gaming operations in its casinos generated income of Rs 249.65 crore, or approximately 33.8 million dollars. That is a significant increase from the Rs 97.51 crore (13.2 million dollars) that were recorded in the last three months of 2020. Moreover, income from hospitality also increased by 106 percent year-on-year to Rs 22.29 crore (3 million dollars).
Delta Corp also has an online presence as it operates Adda52.com, the biggest online poker site in the country, along with Adda52rummy.com and online fantasy sports site LeagueAdda.com. The income from these operations went down by 15.6 percent in the fourth quarter to Rs 35.71 crore (4.8 million dollars).
Overall, the company managed to record a profit of Rs 70.38 crore (9.5 million dollars) in the final quarter of 2021, a very significant increase from the profit of just Rs 1.28 crore (173,500 dollars) that was recorded in the similar period of 2020.