Delta Corp, one of the most successful gaming operators in India, has started 2019 strong. According to its recent financial report, it saw an increase in income of 18.7% year-on-year, reaching $32.4 million across the quarter. This was propelled by a strong performance in its casino operations, which was up by 21.1% to about $27 million.

While the numbers were slightly lower than what had been reported for the fourth quarter of last year, they were still a solid indication of forward movement. Online operations increased by 11% year-on-year to $5.6 million and the company’s revenue from hospitality and other operations increased 7.9% to $3.5 million.

Net revenue at Delta Corp. increased 19.1% for the period, closing at about $29.5 million. This helped propel first-quarter profit to $8.22 million compared to the $6.56 million from a year earlier.

According to Grant Govertsen with Union Gaming, the company will continue to strengthen its position. He asserts that the company’s stock remains a “buy,” but clarifies, “We have trimmed our forward estimates to reflect some near-term disruption (one of the Goa boats going into drydock soon), as well as the effect of tough comps. Our estimates remain modestly above consensus.”