Intense opposition to reducing Goa casino licensing fees

The initiative by the state government of Goa to reduce the casino licensing fees for local casinos due to the long mandatory period of Covid-19 closures is facing intense local opposition, including from the rest of the business community which has not been provided such relief measures.

The Confederation of Indian Industry (CII), Goa Chamber of Commerce and Industry (GCCI), Goa State Industries Association (GSIA), the Travel and Tourism Association of Goa (TTAG), and the Verna Industries Association (VIA) have led these protests by issuing a sharply-worded joint statement to the state authorities urging them not to release the local casino industry from ponying up the INR2.8 billion (US$36 million) that would ordinarily be due.

It is very disheartening that the government is contemplating waiving off a huge sum,” the joint statement explained, “in spite of the fact that the state government claims to face a financial crisis.”

The statement noted that other industries in Goa have been making repeated requests for the waiving of official fees and other relief measures, but in each case the state government has rejected these pleas, citing the jeopardy to public coffers. Small businesses in the restaurant and retail sectors in particular have been barely surviving as a result.

“However, the state government has now come out with a decision to waive off crores of rupees to the casino industry, which is truly unacceptable,” they protested.

The statement further alleged that many of the businesses which did the most to advance the local economy were being given the “last priority” while the local casinos received special consideration.

The statement concluded, “If the government is planning to give waiver of fees during the lockdown period, the same rule must be made applicable across the board to all the sectors. The industry is confident that the government will accept the request made by the industry and apply the waiver to every sector that has been trying to sustain themselves through these pandemic times.”

In its latest financial statement issued on Monday, Delta Corp, the largest of the casino firms operating in the Goa market, explained, “the company and the entire casino industry in Goa have made a representation to the government of Goa, seeking a waiver / reduction / proportionate payment mechanism for the period of shutdown. Due to the pandemic situation, the stress on the operations and the representations made, the management is hopeful that the government of Goa may consider its request favorably.”

SHARE
Previous articleBonusEngine: Unlimited rewards for players and operators
Next articleUniversal Entertainment wins legal case against former auditor

Related Articles

Goa seeks to move casino offices to river jetty

Goa's Ports Minister Michael Lobo said all six of the state's offshore casino operators will be required to shift their office buildings to a river cruise jetty at their own cost, due to congestion in the city centre.
Delta-casino-ship

Delta Corp takes financial pounding in the third quarter

India’s Delta Corp reported its third quarter results on Monday and, since its casinos were closed throughout the period by the Covid-19 pandemic, the numbers were appropriately grim.

Delta Corp stock gains on Goa opening announcement

Delta Corp has announced that it is moving quickly to reopen its casinos in Goa, and its stock price rose about 3 percent in the wake of that announcement.
Green light for Goa and Sikkim casino reopenings

Green light for Goa and Sikkim casino reopenings

All casinos in Goa have been greenlighted to reopen at 50 percent capacity from November 1 as measures to contain the Covid-19 pandemic are easing in many parts of India.

Sikkim/Goa casinos to open from November 1

Delta Corp shares surged after it said its casino in Sikkim would reopen from Nov. 1, whilst casinos in Goa are also expected to reopen from the same date.

Delta buys 45% of Casino Royale shipbuilder

Delta Corp said it agreed to buy 45 percent of the shipbuilder of its Casino Royale vessel to provide long-term strategic benefits in terms of ship maintenance and building requirements.

Delta to focus on online biz, sees return to normal in Q1, 2021

Delta Corp, India’s largest and only listed casino operator, said it will focus on its growing online business to offset the impact of Covid-19 and says it sees a return to normality in the financial year ending March 2021.

Delta Corp reports boost in online gaming revenues

Indian gaming operator Delta Corp. reported a striking increase in online gaming revenue during the quarter ending June 30, whilst land-based revenues were completely absent.  Like many other markets, the shift online has been largely due to the coronavirus pandemic related lockdowns, which have encouraged more time spent on online play.  The company posted a […]

Delta Corp confident in weathering Covid-19 storm

Management of India-listed casino operator Delta Corp said it does not believe the Covid-19 pandemic to have any significant impact on the financial results of the group for the year ended March 31, 2020.  The company reported a total income of 191.3 crores (US$25.3 million) for the year ended March 31, 2020, down from 213.53 […]

Delta Corp initiates buy-back plan

Delta Corp. has initiated an Rs. 125 crore (US$16.7 million) stock buyback plan in an attempt to arrest the sharp decline in its share price due to the closing of its casinos in Goa and Sikkim. The casino shutdowns were a result of a directive from the Indian government and a subsequent 21-day lockdown due […]