Casinos in India are facing a significant challenge that demands their immediate attention. Delta Corp, a prominent Indian casino operator, has had their shares crash as much as 20% today, 25th September, due to two GST tax payment notices totalling Rs 16,822 crore (USD$ 2,028,025,438) on Friday, September 22. This amount includes interest and penalties for the period spanning from July 2017 to March 2022 and is three and a half times the company's market capitalisation of Rs 4,693 crore (US$ 565,778,348). In an exchange filing, released...Read More
1. Introduction: The importance of measuring staff productivity in casino companies One often overlooked aspect of casino management is measuring staff productivity. While it may not be the most glamorous part of the job, understanding and optimizing staff productivity can have a significant impact on a casino's success. 1.1 Understanding the significance of staff productivity measurement. Staff productivity measurement is the process of evaluating how effectively and efficiently employees are performing their...Read More
When it comes to evaluating the worth of a business, investors and analysts often turn to various financial metrics and indicators. One such metric that has gained significant popularity in recent years is EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). EBITDA provides a snapshot of a company's operating performance by excluding non-operational expenses and financial factors. This article delves into the reasons why EBITDA is used as a key valuation measure, exploring its benefits, limitations, and comparisons to other metrics. Additionally, we...Read More
Changes to the Licensing System Curaçao, a popular place for online gambling licenses, is making changes to its licensing system for foreign operators. The government is implementing the National Ordinance for Games of Chance (LOK) in response to a request from the Netherlands government. This reform will help Curaçao receive financial relief after the effects of the Covid-19 pandemic. Phasing Out the Sub-License System Currently, operators must obtain a sub-license from one of the four master license holders to get approval....Read More
In the first quarter of this year, Spain experienced a 2.76% decrease in gross gaming revenue (GGR) compared to the fourth quarter of last year. However, there was a significant increase of 50.96% compared to the first quarter of 2022. According to the Directorate General for the Regulation of Gambling, out of the total GGR of €304.92 million in Q1, €143.36 million came from casinos, making it the highest revenue-generating segment. Betting followed closely behind with €130.6 million in revenue, the second highest among all segments. Poker...Read More
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