Archive · 4 Sep 2025
Delta Corp Shares Plunge on New 40% GST for Casinos
Delta Corp, the only major casino company in India, saw its stock price drop because the government is now taxing casinos a lot more.
They're increasing the tax (GST) to 40%.
This makes it harder for Delta Corp to make money, especially since they were already waiting to start a big new casino project.
The government is also taxing other forms of gambling and betting the same way.
Delta Corp had put the project on hold, awaiting clarity about the GST framework.
Delta Corp shares fell 7.22% on Thursday.
The GST Council introduced a 40% tax on casinos and other gambling activities.
The high GST rate is a concern for Delta Corp.
Delta Corp had temporarily put its Goa project on hold.
The project includes hotels, a casino, theme park, and other attractions.
- Who
- Delta Corp, a casino operator
- What
- Delta Corp shares fell after the implementation of a 40% GST on casinos.
- When
- Shares tumbled on Thursday.
- Where
- India
- Why
- New GST rate of 40% on casinos announced by the GST Council, causing concern about profitability.
Delta Corp Perspective
Government Perspective
GST Impact
Delta Corp Perspective
The 40% GST increase negatively impacts profitability and makes the project less viable, potentially causing delays or cancellations of future projects
Government Perspective
GST changes are being implemented to provide a comprehensive tax framework for the gambling and entertainment industries.
- Company
- Delta Corp Ltd
- Share Price Decrease
- 7.22%
- New GST Rate
- 40% on casinos, lotteries, betting, gambling
- Previous GST Rate
- 28% (implied on all bets)
- Project Status
- On hold, pending GST clarity
- Project Location
- Dhargalim, North Goa
