Indian gaming operator Delta Corp reported a net loss of Rs. 24.1 crore (US$3.2 million) in the year ended March 2021, with net sales falling 45.8 percent compared to the prior year period.
The group has dealt with lockdowns announced by the government of India which began from the third week of March 2020 until October 30, 2020.
Casino operations were able to open in Goa and Sikkim from the first week of November 2020, but only at 50 percent capacity. However, the Delta Caravela casino was only able to resume operations in January 2021, and Deltin Nepal had not resumed operations until March 31, 2021.
Macau's gross gambling revenue in the week to May 23 was up 12 percent from the prior week, but was still 6 percent lower than April, with the lower end tourism market comprising the majority of arrivals, according to Bernstein Research.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.