Indian gaming operator Delta Corp. has seen significant growth in its online business for the quarter that ended June 30, with online skill games up 27.2 percent, and land-based revenues nonexistent.
“The online gaming segment is already a high-growth business for Delta Corp but the lockdown has accelerated consumer acceptance and customer acquisition,” said analysts from Union Gaming in a note.
“This segment has long been an undervalued and underappreciated component of the company’s business and growth profile that can no longer be ignored.”
The company’s online skill games business includes Gaussian Networks Private Limited and Gaussian Online Skill Gaming Private Limited, the operators of online poker site Adda52.com, reported Asia Gaming Brief.
Delta’s core casino business, which includes offshore and onshore casinos in the states of Goa and Sikkim, garnered zero revenue during the quarter due to a shutdown of all land-based operations, but the company was still required to pay its annual licensing fees. The company was able to lower its operating expenses by 64 percent year-on-year with strict cost control methods.
