Thursday, March 28, 2024

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Delta Corp parent company acquired for $9.6 mln

Listed gaming and hospitality company Delta Corp Limited has unveiled a plan to divest its holding in its wholly-owned subsidiary Caravella Entertainment Private Limited, which holds an 89.28 percent stake in Deltin Nepal Private Limited.

Delta Corp expects to recover in 2025 after GST setback

The CFO of India’s Delta Corp expects the company to return to its original revenue and profitability by the third quarter of FY25.

Delta Corp reports a weak 3Q performance with a 60 percent profit drop

Indian casino operator Delta Corp announced disappointing 3Q earnings that ended on December 31st.

Delta Corp moves into the real estate sector with a joint venture with Peninsula Land

Indian casino operator Delta Corp. has announced that it is entering the real estate sector, via a joint venture with Peninsula Land.

Bombay High Court provides temporary reprieve to Delta Corp over GST notification

The Goa Bench of the Bombay High Court has issued an injunction, preventing tax authorities from issuing a final order on the Rs 16,195-crore ($1.95 billion) GST notice served to India's gaming operator, Delta Corp.

Sikkim court issues temporary halt to the $76 million tax claim against Delta Corp

In a filing on Sunday, Indian gaming operator Delta Corp announced that it had received a temporary halt from the Sikkim High Court regarding a GST demand notice issued by the Directorate General of GST Intelligence, Hyderabad.

Delta Corp’s stock hits near three-year low with second tax blow in two months

India's Delta Corp shares plummeted on Monday to their lowest point in nearly three years, as the casino operator disclosed that its subsidiary received an additional tax shortfall notice, amounting to Rs63.84 billion ($766.8 million).

Indian casino operator Delta Corp facing massive tax claim by authorities

Indian casino operator Delta Corp is facing a Rs16,800 crore ($202.47 million) claim by Indian tax authorities, with the nation’s tax authority, the GST, having “advised” the company and three subsidiaries to pay the amount or face a notice.

Delta Corp sees ‘robust growth’ in quarter ended June 30th, casino revenue up 10 percent

Indian casino operator Delta Corp announced that it saw ‘strong and resilient business with robust growth’ in its casino gaming segment during the quarter ended June 30th, with net profit rising by 19 percent yearly to Rs679.1 million ($8.3 million).

Delta Corp sees strong increase for fiscal year

Indian gaming operator Delta Corp has announced a strong increase in its results for the fiscal year ended March 31st, with net revenue of 1,020.77 crore ($124.5 million), up 65.6 percent yearly, despite a slight drop in revenue during the fourth fiscal quarter.