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Delta Corp Reports A Massive Hike In Revenue Figures

Delta Corp, one of India’s biggest gaming and hospitality brands, reported ₹70 crores as its consolidated net profit for Q3, third-quarter ending 31 December 2021. Delta Corp reported a revenue figure of ₹247 Crore which is an increase from the year before. Last year’s revenue during the same period stood at ₹120 Crore. This signifies that online gaming in India has grown significantly. 

Delta Corp scrip closed 1.30% higher on NSE at ₹284.05. In the past year, the shares of Delta Corp have surged 85.05%. The impressive revenue figures are owing to the fact that COVID-19 curbs were eased and casinos were allowed to operate. Casino lovers returned in full swing which reflects in the numbers the brand has reported. Delta Corp re-opened its venues in Sikkim and Goa, which helped boost revenues numbers.

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As per news reports Delta Corp’s board has also agreed to appoint advisors, bankers, and other intermediaries by its subsidiary Gaussian Networks Ltd (GNPL). This brand operates in the area of online gaming and can explore the potential of public issues and the listing of equity shares. The IPO may come by means of selling equity shares of GNPL to bump up resources which will help the business to expand and further unlock value for its shareholders.

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