India’s largest casino operator Delta Corp’s utter lack of land-based gaming revenue resulted in a truly fugly third-quarter financial report card, making a Goa casino bailout all the more important for the company’s short-term future.

On Monday, Delta announced that its total revenue in the three months ending September 30 was Rs460.5m (US$6.2m), a 77.5% fall from the same period last year. The company booked a net loss of Rs549m versus a Rs590m profit in Q3 2019.

Delta’s casinos in the Indian states of Goa and Sikkim were out of commission for the entire third quarter after being ordered to close in mid-March due to COVID-19. That left Delta’s nascent online ‘skill gaming’ division to carry the load with revenue of Rs446m, which was up 8.9% year-on-year but down around one-fifth from Q2 2020.

It’s unclear precisely what factors contributed to the sequential decline in Delta’s online poker and rummy operations, but hopefully things will pick up in the current quarter given Delta’s partnership with the World Poker Tour on a WPT Online series on Delta’s Adda52 site this month.