Casino operator Delta Corp. faces a bright future ahead after international brokerage Union Gaming forecast casino gaming in the Indian state of Goa will hit the $1 billion mark in the next couple of years.

In its latest note, Union Gaming analyst Grant Govertsen recommended a buy rating for Delta Corp. as it expects the casino operator’s revenue to grow 34 percent this year on the back of improving infrastructure and a greater acceptance of gaming in India.

“Delta is India’s premier gaming operator with dominant position in India’s leading holiday destination, Goa (riverboat casinos), a leading presence in India’s online gaming space, and significant and real (and under-appreciated) opportunities to transform India’s casino gaming market into a regional powerhouse,” Govertsen said.

Union Gaming’s optimism on the Goa’s casino gaming is based on the Indian state’s plan to transition from riverboat to land based. For years now, Goa’s government has been trying to find a new temporary location for its floating casinos, but ‘not in my backyard’ attitudes seemed to prevail wherever the government suggested alternatives.