Online gambling acquisition boosts Delta Corp’s revenue

Indian casino operator Delta Corp saw its revenue rise to “the next level” in its fiscal second-quarter thanks to contributions from its new online gaming operations.

This week, Delta Corp reported that its mainstay land-based casino gaming revenue hit Rs 1.45b (US $22.3m) in the three months ending September 30, a gain of 17.2% over the same period last year. Hospitality and other revenue improved 19.4% to Rs 187.6m ($2.9m).

In July, Delta formally absorbed the online gaming operations of Gauss Networks Pvt Ltd, which operates Adda52.com, India’s largest online poker site. Delta said its new online division contributed revenue of Rs 240.8m ($3.7m) in fiscal Q2.

Delta issued a statement saying the company’s foray into online gaming is helping to “strengthen our leadership position in the gaming and hospitality industry.” Online gaming has “outstanding potential” and has exposed the company to “a diverse clientele across new demographics.”