Company In Focus- Delta Corp

Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry
in India. It currently own and operate casinos Goa and Sikkim. In addition, the company also own and
operate the online poker site 'Adda52.com', the online rummy site 'Adda52rummy.com' and the online
fantasy sports site 'LeagueAdda.com'.
Delta Corp also owns and operates the Deltin Suites, a 106 room, all-suite hotel with a casino located in
Goa. We also operate the Casino Deltin Denzong located at the Denzong Regency hotel in Gangtok,
Sikkim. We also own and operate The Deltin, a 176 room five-star hotel in Daman, which is an integrated
resort with a proposed casino.
At Daman, Delta Corp has a presence in the way of a luxury hotel, which is “casino ready” as they still
wait for Government approval for operating a casino. While they are in hospitality business, which
complements gaming, they would like to mention that their hotels in Goa and Daman are now breaking
even at EBITDA level and generating cash profit. With Daman being recognised as a weekend getaway
and with their hotel being the only 5-star property within a long stretch, it has fast emerged as a perfect
destination for large-scale weddings and also caters to the MICE segment.
As a significant achievement, Delta Corp has forayed into cruise gaming through investment in Jalesh
Cruises, by becoming their preferred partners for gaming centres and casinos for all their cruise liners.
They expect this to usher in a new era in gaming and lead to a rise in their patrons.
With growing Internet penetration and data availability becoming easier and with their gaming portal
Adda52 performing well, they continue to maintain their focus on digital gaming. During the year, they
have invested in fantasy gaming portal HalaPlay and expected this business to derive benefits from
ongoing Cricket World Cup 2019 and the upcoming Cricket T20 World Cup. Today, they are well
established not just as a casino company, but as an entertainment destination for delivering an
unparalleled experience to the entire family. They have acquired 100 acres of land for setting up a fully-
integrated resort, with the finest of entertainment, food, fashion, music and shows and casinos (subject to
the policy).
Operating income during the financial year 18-19 rose 31.3% on a year-on-year (YoY) basis. The
company's operating profit increased by 29.0% YoY during the fiscal. Operating profit margins witnessed
a fall and stood at 39.9% in FY19 as against 40.7% in FY18.