DELTACORP

Jan 8 (Reuters) - Delta Corp Ltd DELT.NS:

• DELTA CORP - UNIT WILL DISCONTINUE OPERATIONS AT ZURI WHITE SANDS GOA RESORT

Source text: ID:nnAZN4RSTMB

Further company coverage: DELT.NS

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Jan 6 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Aritzia, Minto Apartment REIT and Spartan Delta on Tuesday.

HIGHLIGHTS

Following is a summary of research actions on Canadian companies reported by Reuters on Tuesday. Stock entries are in alphabetical order.

(Compiled by Bengaluru Newsroom)

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** Shares of casinos and gaming operator Delta Corp DELT.NS down 8.5% to 87.1 rupees

** India govt increases tax rates on casinos, betting, online money gaming to 40% from 28% earlier

** Stock set to drop most in a session since March 13, 2024

** Nearly 8.8 mnln shares traded, ~2x its 30-day moving avg

** YTD, DELT down ~21%

(Reporting by Anuran Sadhu in Bengaluru)

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** Shares of online gaming stocks drop 2%-5% over two days

** On Thursday, Parliament passed bill banning online games involving money, citing financial and psychological risks

** Nazara Tech NAZA.NS fall 4%; Bloomberg News reported Thursday co may write down poker app stake, Reuters could not verify report

** Delta Corp DELT.NS and OnMobile Global ONMO.NS fall 2% each

** Fantasy cricket platforms Mobile Premier League (MPL) and Dream 11 suspend all money-based games

** Gaming firms may challenge ban in Supreme Court

** YTD, NAZA up 20%, DELT and ONMO down 39% and 22%, respectively

(Reporting by Urvi Dugar)

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Adds IT minister comment, source feed and context paragraph 4, 6, 9, 11

By Aditya Kalra and Aftab Ahmed

BENGALURU, Aug 21 (Reuters) - India's parliament on Thursday passed a bill to ban online games played with money in a move that threatens the survival of the popular fantasy gaming sector, after Prime Minister Narendra Modi's government flagged the high risk of financial harm.

The sudden ban has shocked an industry backed by venture capital firms like Tiger Global and Peak XV Partners and which was set to be worth $3.6 billion in India by 2029.

Executives fear imminent job losses and a complete shutdown of many app-based businesses which attracted billions from foreign investors.

The bill prohibits "harmful" online money gaming services, advertisements and financial transactions related to them, with the government also citing the psychological harm they can cause.

"It is the duty of the government and the parliament to take strict action against social evils, which keep erupting time and again," federal IT minister Ashwini Vaishnaw said in parliament on Thursday.

India's upper house of parliament passed the Promotion and Regulation of Online Gaming Bill 2025 after the lower house cleared it earlier this week. The president must sign the bill into law which, although there is no set date, is considered a formality.

Indian gaming groups are holding discussions with lawyers about approaching the Supreme Court to challenge the ban by citing a lack of consultation, the impact on the thriving industry, and how some games being banned like poker are skill-based and should be exempted, two gaming industry sources with direct knowledge of the matter said.

Endorsements by top Indian cricketers and other marketing efforts have boosted the appeal of apps such as Dream11 and Mobile Premier League, where virtual cricket teams are created based on real players, earning points based on the runs, wickets and catches of an actual match.

Dream11's app on Thursday showed it cost as little as 29 rupees (33 cents) to create a team and join a "prize pool" which is then split among thousands of winners with a top payout of 300,000 rupees ($3,438).

Dream11 commands a valuation of $8 billion while Mobile Premier League is valued at $2.3 billion, PitchBook data shows. Other popular gaming apps in India include Games24X7, which offers card games like rummy and poker, Zupee and WinZO.

The new bill states that anyone who offers money games after the law comes in force could face a jail term of up to three years and a fine.

(Additional reporting by Abinaya Vijayaraghavan; Editing by Kirsten Donovan)

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** Indian gaming platform operators Nazara Tech NAZA.NS and Delta Corp DELT.NS fall 4.4% and 3.3%, respectively

** India plans to ban online games played with money, Reuters reports, citing a proposed bill

** NAZA set for worst day in seven months

** Bill says no person "shall offer, aid, abet, induce or otherwise indulge or engage in" the offering of online money games and such services, adding that anyone who offers such money games could face a jail term of up to 3 years and a fine - report

** India's IT Ministry, which drafted the bill, did not respond to Reuters request for comment

** NAZA says it does not see material impact from new bill as it does not have direct exposure to so-called real money games

** YTD, DELT down 19% vs NAZA's 32% climb

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Delta Corp DELT.NS fall as much as 5.2% to 104.7 rupees, lowest since June 4, 2024

** Casinos and gaming operator said consolidated revenue fell 7.5% Y/Y to 1.94 bln rupees ($22.4 mln)

** Co hurt by a more than 3% fall in revenue from core gaming ops segment, which accounts for 75% of total rev

** More than 3.5 mln shares change hands, 1.4x its 30-day avg

** Stock shed 24% in 2024

($1 = 86.5650 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Jan 13 (Reuters) - Delta Corp Ltd DELT.NS:

• INDIA'S DELTA CORP DEC-QUARTER CONSOL NET PROFIT 357.3 MILLION RUPEES

• DELTA CORP DEC-QUARTER CONSOL NET SALES 1.94 BILLION RUPEES

Source text: [ID:]

Further company coverage: DELT.NS

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** Shares of Delta Corp DELT.NS rise 5% after media report says India's Supreme Court stays tax order on online gaming companies

** The court has stayed Directorate General of GST Intelligence's demand for tax arrears of 1.12 trillion rupees ($13.04 bln) on online gaming companies and casinos, Economic Times reports

** DELT got notice to pay tax arrears worth 63.84 bln rupees in Oct. 2023 and 111.40 bln rupees in Sept. 2023, while NAZA's units got tax orders of 8.46 bln rupees and 2.74 bln rupees in July 2024

** Delta declined 1% before the report, while Nazara Technologies NAZA.NS was trading around 3% lower; NAZA last down 1%

** Trading vols at 8.5x and 3x the 30-day avg for DELT and NAZA, respectively

** DELT fell 24% in 2024, while NAZA rose 18%

($1 = 85.8775 Indian rupees)

(Reporting by Nishit Navin)

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Dec 6 (Reuters) - Delta Corp Ltd DELT.NS:

• DELTA CORP LTD- TO REVISE DEAL BETWEEN CO, DELTIN HOTEL & RESORTS

• DELTA CORP LTD- REAL ESTATE BUSINESS SHALL BE DEMERGED INTO DELTA PENLAND

Source text: ID:nBSE86kJ50

Further company coverage: DELT.NS

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** Shares of Delta Corp DELT.NS falls 5.3% to 113 rupees, their biggest one-day loss in more than three months

** Casino and gaming co's Q2 consol profit sinks 61% while its total revenue declined 28%, hurt by a 23% decline in casino gaming division revenue

** DELT sees busiest day in a month, with over 1.6 mln shares traded

** Stock last down 2%, dragging YTD losses to 18%

(Reporting by Aleef Jahan in Bengaluru)

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Nov 6 (Reuters) - Delta Corp Ltd DELT.NS:

• DELTA CORP SEPT-QUARTER CONSOL NET PROFIT 269.8 MILLION RUPEES

• DELTA CORP SEPT-QUARTER CONSOL REVENUE 1.88 BILLION RUPEES

Source text: [ID:]

Further company coverage: DELT.NS

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** Shares of India's Delta Corp DELT.NS climb 7.5% to 139 rupees

** Casinos-to-resorts firm approved demerger of its hospitality and real estate business into a co called Delta Penland Pvt Ltd

** YTD, DELT has fallen more than 4%

(Reporting by Hritam Mukherjee in Bengaluru)

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Sept 24 (Reuters) - Delta Corp Ltd DELT.NS:

• DELTA CORP - APPROVED DRAFT COMPOSITE SCHEME OF ARRANGEMENT BETWEEN CO AND DELTA PENLAND

• DELTA CORP - SCHEME PROVIDES FOR DEMERGER OF CO'S HOSPITALITY AND REAL ESTATE BUSINESS

• DELTA CORP LTD - ANNOUNCEMENT OF DEMERGER OF HOSPITALITY & REAL ESTATE BUSINESS BACKGROUND

• DELTA CORP - DELTA PENLAND WILL ISSUE, ALLOT 1 SHARE FOR EVERY 1 SHARE HELD BY SHAREHOLDERS IN CO

Source text for Eikon: ID:nNSE7tM65W

Further company coverage: DELT.NS

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** Shares of Delta Corp DELT.NS fall 3% to 138.6 rupees

** Stock set for biggest one-day drop in over two weeks

** The casino and gaming reports 68% slump in Q1 net profit as revenue from its key gaming operations segment falls 25%

** Over 8.4 mln shares change hands, 1.3x the 30-day avg

** Stock down 5% so far this year, on pace for third straight annual drop

(Reporting by Ashna Teresa Britto in Bengaluru)

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July 9 (Reuters) - Delta Corp Ltd DELT.NS:

• Q1 CONSOL NET PROFIT 216.8 MILLION RUPEES

• Q1 CONSOL REVENUE 1.81 BILLION RUPEES

Further company coverage: DELT.NS

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** Shares of Delta Corp DELT.NS rise as much as 16.9% to 154.66 rupees

** Rise after media reports said that India's Goods and Services Tax council could consider a review of retrospective tax on online gaming in its upcoming meeting on June 22

** The GST Council will discuss this proposal on June 22 and If approved, it could lead to tax reduction for online gaming companies like DELT

** Stock clocks busiest session since early December 2023

** Nearly 54 mln shares change hands, 22x the 30-day moving average

** Stock last up ~12%, rose 1.7% YTD

(Reporting by Yagnoseni Das in Bengaluru)

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May 8 (Reuters) - Delta Corp Ltd DELT.NS:

• STRATEGIC PARTNERSHIP WITH ALPHA ALTERNATIVES FUND ADVISORS, ANY FUNDS MANAGED BY ALPHA ALTERNATIVES FUND ADVISORS, PENINSULA LAND

• DEAL FOR 900 MILLION RUPEES

• PLATFORM PROPOSED TO BE FUNDED WITH AMOUNT OF UP TO 7.65 BILLION RUPEES

Source text for Eikon: ID:nBSE4B74nL

Further company coverage: DELT.NS

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May 7 (Reuters) - Delta Corp Ltd DELT.NS:

• DELTA CORP LTD - DIVIDEND 1.25 RUPEES PER SHARE

• DELTA CORP MARCH-QUARTER CONSOL NET PROFIT 724.1 MILLION RUPEES VERSUS PROFIT 511.7 MILLION RUPEES

• DELTA CORP MARCH-QUARTER CONSOL TOTAL INCOME 2.13 BILLION RUPEES VERSUS 2.33 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: DELT.NS

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Feb 29 (Reuters) - Delta Corp Ltd DELT.NS:

• APPROVED INCORPORATION OF DELTA PENLAND PRIVATE LIMITED

• DELTA PENLAND TO BE JOINT VENTURE BETWEEN PENINSULA LAND AND CO FOR REAL ESTATE DEVELOPMENT

Source text for Eikon: ID:nBSE1SN3Vf

Further company coverage: DELT.NS

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** Shares of casino and gaming co Delta Corp DELT.NS fall as much as 5% to 143.10 rupees

** Co reports a 59.4% fall in Dec-qtr net profit to 344.8 mln rupees ($4.15 mln) Y/Y, its first profit fall after rising for previous two quarters

** Rev from key gaming ops segment fell 18.2%, smaller online skills gaming ops segment rev fell 9.1%

** Stock on track for first weekly decline after four straight weeks of gains

** DELT trading below its 200-day simple moving avg since July 12, 2023 after tax authorities imposed 28% tax on gaming and casino cos

** DELT last down 2.4%; stock fell 31.4% in 2023

($1 = 83.1675 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

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Jan 9 (Reuters) - Delta Corp Ltd DELT.NS:

• DEC-QUARTER CONSOL NET PROFIT 344.8 MILLION RUPEES VERSUS 848.2 MILLION RUPEES

• DEC-QUARTER CONSOL NET SALES 2.32 BILLION RUPEES VERSUS 2.73 BILLION RUPEES

Further company coverage: DELT.NS

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** Shares of Delta Corp DELT.NS up as much as 5% at 145.80 rupees

** High Court of Calcutta granted interim relief to Delta Corp's unit - Deltatech Gaming in relation to a GST notice for tax arrears

** DELT got notice to pay tax arrears worth 63.84 bln rupees ($765.8 mln) in October and 111.40 bln rupees in September

** ~9.1 mln shares change hands, 1.4x the 30-day moving average

** Stock last up 2%; down ~33% YTD

($1 = 83.3620 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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Dec 6 (Reuters) - Delta Corp Ltd DELT.NS:

• UPDATE ON DEMAND FOR PAYMENT RECEIVED FOR SHORTFALL OF TAX PAID BY UNIT FROM TAX AUTHORITIES

• HIGH COURT HAS GRANTED INTERIM RELIEF TO DGL

Source text for Eikon: ID:nNSEbNq8YQ

Further company coverage: DELT.NS

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** Shares of Indian casino operator Delta Corp DELT.NS rise as much as 8.9% to 154.20 rupees, highest since Sept. 25; last up 5.8%

** Co says it will enter realty sector with investment of 2.5 bln rupees ($30.02 mln) in a joint venture with real estate co Peninsula Land PENL.NS

** DELT will also invest 1 bln rupees in PENL

** About 14.6 mln DELT shares change hands, 3x the 30-day avg

** PENL shares up 5% at 51 rupees

** DELT shares down 29% YTD, while PENL shares have nearly quadrupled

($1 = 83.2675 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

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Nov 30 (Reuters) - Delta Corp Ltd DELT.NS:

• COMPANY AND PLL ALSO PROPOSE TO ESTABLISH A JOINT VENTURE IN DUE COURSE

• TO INVEST 2.5 BILLION RUPEES IN JV

Further company coverage: DELT.NS

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** Shares of Delta Corp DELT.NS up as much as 8.2% to 140.65 rupees, their biggest intra day pct gain since June 17

** Casino operator said Indian court directed GST intelligence to not pass final orders on tax notices against the company without the court's permission

** DELT got notice to pay tax arrears worth 63.84 bln rupees ($768.4 mln) earlier this month and 111.40 bln rupees in Sept.

** Stock last up 4.9%; down 36% YTD

($1 = 83.0860 Indian rupees)

(Reporting by Kashish Tandon in Bengaluru)

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** Shares of Delta Corp DELT.NS fall as much as 9.1% to 127.3 rupees, lowest since Sept. 25

** Co says its unit, Deltatech Gaming, received intimation for payment of shortfall tax

** Says, received notice for shortfall of 62.37 bln rupees ($749.23 million) from Jan 2018 to Nov 2022 and shortfall worth 1.48 bln rupees between July 2017 to Oct. 2022

** More than 8.8 mln shares change hands by 09:30 a.m. IST, less than the 30-day avg of 9.4 mln shares

** Stock currently down 8.1%, extending YTD losses to ~43%

($1 = 83.2450 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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** Shares of Delta Corp DELT.NS up as much as 4.2% at 149 rupees

** Indian casino operator on Wednesday posted a 1.7% YoY increase in Sept qtr profit on a fall in tax expenses; total rev up 0.2%

** Also named Anil Malani as CFO

** Stock on track to rise for sixth straight session, if gains hold

** Stock down ~30% YTD

(Reporting by Kashish Tandon in Bengaluru)

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