Delta Corp, India’s largest listed casino and gaming company, is going through a difficult phase. The company, which has been a major player in both online and offline gaming, is seeing its share price fall sharply due to new regulatory challenges.
Investors and analysts are closely watching the developments as the future of the company appears uncertain.
Regulatory Setback and Delta Corp Stock Performance
The biggest challenge for Delta Corp has come from the passing of the “Promotion and Regulation of Online Gaming Bill, 2025.” This law bans real money gaming (RMG) for popular games such as rummy and poker. Since nearly 94% of Delta Corp’s revenue comes from its gaming operations, this decision has hit the company hard.
The government has justified the move by citing concerns about money laundering, illegal activities, and the social risks associated with online gambling. However, for Delta Corp, this means a serious blow to its online gaming revenue stream.
The stock market has reacted negatively to this news. In the past three trading sessions, Delta Corp’s share price has dropped by 9%, and in the last year, the stock has fallen by around 34%. The stock is also trading below its key moving averages, which signals a bearish trend and adds to the worries of investors.
Delta Corp Share Technical Analysis and Price Targets
Market experts believe Delta Corp’s stock is currently under pressure and may remain so in the short term. According to Kunal Kamble, Senior Technical Research Analyst at Bonanza, the stock has failed to hold a breakout level and may consolidate in the range of ₹82.80 to ₹96.20. A fall below the lower range could bring more weakness, while a close above ₹96.50 may offer some buying opportunities.
Another expert, Anuj Gupta, Director at Ya Wealth Global Research, has advised a “sell on rise” strategy. He warns that if the stock slips below its support level of ₹81, it could fall further to ₹70 or even ₹65.
On the other hand, some long-term research reports have given mixed price targets. While some analysts had earlier projected targets between ₹208 and ₹350, others had more cautious targets of ₹164 with a “sell” call. However, it is important to remember that most of these estimates were made before the new bill was passed, and they may not reflect the current risks that Delta Corp faces.
Financial and Business Updates
Despite the online gaming setback, Delta Corp continues to run its land-based and offshore casinos in Goa, Sikkim, and Nepal. These properties remain popular and continue to bring steady revenue, though they cannot fully replace the earnings lost from online real money gaming.
The company also has a presence in the hospitality sector, though this division contributes only a small share of its overall revenue. In its latest quarterly results, Delta Corp reported a profit of ₹26 crore on total income of ₹184 crore. The gaming business continues to be the main contributor to its financials.
In addition, the company has announced its upcoming Annual General Meeting (AGM) and confirmed a dividend payout of ₹1.25 per share. These moves are aimed at maintaining shareholder confidence even during this tough phase.
Future Outlook Delta Corp Share
The big question now is how Delta Corp will adapt to the new regulatory environment. Its land-based casino operations in India and Nepal continue to function, but the ban on online real money gaming is expected to have a long-lasting impact on the company’s business model.
Investors will be watching closely for any signs of regulatory clarity or changes in the government’s stance on online gaming. At the same time, the company will need to explore new strategies to reduce its dependence on real money gaming and diversify its revenue sources.
For now, the outlook remains cautious. Delta Corp must navigate this uncertain period by strengthening its existing casino operations, expanding in new markets, and possibly finding ways to adjust to the new rules. The coming months will be critical in deciding whether Delta Corp can overcome this major setback or continue to struggle under regulatory pressure.
F.A.Q.
– Why is Delta Corp share price falling?
Q1. Why is Delta Corp share price falling?
What percentage of Delta Corp’s revenue comes from gaming?
– What percentage of Delta Corp’s revenue comes from gaming?
Nearly 94% of Delta Corp’s revenue comes from its gaming operations, making it highly vulnerable to the recent gaming ban.
– What are analysts saying about Delta Corp’s stock price?
Analysts suggest caution. Some see support around ₹82–₹81, while others warn it could fall to ₹70–₹65 if the trend continues. Long-term targets vary widely, but many were set before the new law.
– Is Delta Corp still profitable despite the ban?
Yes, Delta Corp reported a profit of ₹26 crore in its recent quarterly results, mainly from its land-based and offshore casinos in Goa, Sikkim, and Nepal.
– What is the future outlook for Delta Corp?
The company’s future depends on how it adapts to the regulatory changes. While its casino operations remain active, the loss of online real money gaming revenue will be a major challenge.
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