Delta Corp is engaged in the casino (live, electronic and online) gaming industry in India. The expert further said that Delta Corp will be impacted the most due to the hike in GST rates. "I don't think the government will reverse the tax rates thus, it's a big blow to the entire industry not only because the cost of participation will increase but also in terms of the operations of the companies," said G Chokkalingam, Founder and Managing Director at Equinomics Research. Delta Corp, Nazara Tech shares: Should you stay away?Īnalysts say the decision is a big blow to the companies, and hence, people should exit the stocks whenever they get an opportunity. This decision will wipe out the entire Indian gaming industry and lead to lakhs of job losses, and the only people benefiting from this will be anti-national illegal offshore platforms," AIGF CEO Roland Landers said. "The decision ignores over 60 years of settled legal jurisprudence and lumps online skill gaming with gambling activities.
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