⚠️ 50% loss coming soon in Delta Corp - Game Over? | டெல்டா கார்ப் | Delta Corp complete Analysis

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Casino operator Delta Corp said on Friday it has received a notice from the government to pay a tax of Rs 11,140 crore along with interest and penalty for the period July 2017 to March 2022. The tax notice comes at a time when the company, valued at over Rs 47,000 crore ($566 million), is already facing heat over the recent move in July by the Goods and Services Tax (GST) Council to impose a 28 per cent indirect tax on the money collected by gaming companies from customers

Delta Corp Limited is a prominent Indian company primarily engaged in the gaming and hospitality industry. As of my last knowledge update in September 2021, here is some information about Delta Corp:

Business Activities: Delta Corp is known for its involvement in the gaming and entertainment sector. The company operates several casinos and resorts in India, including the Deltin Royale, Deltin Jaqk, and Deltin Caravela casinos, which are located in various states.

Gaming and Hospitality: Delta Corp's properties offer a range of gaming options, including slot machines, card games like poker and rummy, and other entertainment and hospitality services.

Expansion: The company has been focused on expanding its presence in the gaming and hospitality sector in India, and it has been a significant player in this industry.

Regulatory Environment: It's important to note that the gaming and casino industry in India is subject to various state-level regulations, and the legal framework governing gambling activities can vary from one state to another.

Stock Market: Delta Corp Limited is a publicly traded company and is listed on the Indian stock exchanges. The stock is actively traded, and its performance can be tracked through financial news and stock market platforms.

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