Delta Corp will continue to show increased revenue in 2019 - analysts

Delta Corp Limited will continue to maintain positive financial results. It is expected that net income for the third quarter of 2019 will reach 2.06 billion rupees ($29.22 million), which is 26.9% more than in 2018.

Experts say that revenue and EBITDA (earnings before interest, taxes, depreciation and amortization) will be 840 million rupees ($11.93 million).

Gross income from gaming operations in 2018 amounted to 2.02 billion rupees ($28.70 million), which is 29.6% more than in the period from October to December 2017. Online games made a profit of 378.3 million rupees ($5.37 million), which is 33.11% more than in the previous year.

“Growth rates were generally in line with forecasts,” - said Union Gaming’s analyst, adding that EBITDA, which was almost 41%, peaked since licensing fees increased in Goa, where the company operates four casinos.

He also noted that when management reduces the cost of marketing and advertising, while maintaining revenue growth, due to an increase in EBITDA profitability, there is a sharp increase in online profit margins.

“Floating casinos in Goa dismantle the highest growth rates. Ongoing operations with floating casinos consistently provide the best rates of mass market growth in all of Asia,” - the analyst said. He also foresees growth of 36% over the entire 2019 and an aggregate annual growth rate of 31% from 2015.

The Goa Tourism Development Corporation (GTDC) has developed a policy for moving floating casinos to land.