Today Delta Corp, Nazara Tech many gaming company shares in the Indian share market are down due to the recent news that the Goods and Services Tax (GST) on online gaming companies has been increased to 28%. This hike has affected companies such as Delta Corp, Nazara Tech, and many others.Read more: Delta Corp, Nazara Tech Gaming Company Shares Fall in Indian Market Due to GST Hike
How shares declined
Delta Corp, a leading company in the gaming industry in India, has seen a decline of 22.98% in their share price. Nazara Tech, an online gaming platform, has seen a major dip of 3.33% in its share price. Other companies, which also operate gaming businesses, have been negatively impacted by the GST hike.
Gaming industry in India and GST impact
The gaming industry has been growing rapidly in India, with online gaming platforms becoming increasingly popular. However, with the GST hike on online gaming companies, there are concerns that this will affect the growth of the industry. Companies may need to pass on the increased costs to the consumers, making their services less affordable and less attractive.
It is important to note that the decision to increase the GST on online gaming companies was made by the GST Council, a group of members including the Finance Minister, and other representatives from the central government. Although their decision was made with the intention of increasing revenue for the government, it has had negative impacts on the gaming industry in India.
From a diverse perspective, there are differing opinions on the GST hike. Some argue that it is a necessary step to increase revenue for the government, while others believe that it will negatively impact the growth of the gaming industry.
Overall, the GST hike has had a significant impact on the gaming industry in India, with many companies experiencing declines in their share price. As the industry continues to evolve and regulations continue to be put in place, it will be interesting to see how these changes will impact the market in the long run.
Delta Corp: A Leading Gaming Company in India
Delta Corp is a prominent gaming company in India, specializing in the hospitality and gaming sectors. Established in 1990, the company has become a market leader, operating both offshore and onshore casinos. With a focus on providing a world-class gaming experience, Delta Corp has established itself as a trusted and reliable player in the industry.
The company owns and operates three offshore casinos in Goa: Deltin Royale, Deltin JAQK, and Deltin Caravela. It also has a significant presence in the online gaming space through its subsidiary, Adda52 – one of India’s largest online poker platforms.
Delta Corp has successfully capitalized on the booming gaming industry in India. It has expanded its business operations by offering a range of services, including gaming, hospitality, entertainment, and integrated resorts. The company’s vision is to provide memorable entertainment experiences and contribute to the growth of the gaming sector in the country.
Delta Corp’s success in the gaming industry of India can be attributed to its commitment to providing exceptional gaming experiences and its continual expansion into new business ventures. With its extensive portfolio of offshore casinos and online gaming platforms, the company has established itself as a key player in the market.
As the gaming industry in India continues to flourish, Delta Corp is well-positioned to capitalize on the growing demand for entertainment and gaming experiences. Its innovative approach and determination to offer top-notch services cement its status as a leading gaming company in India. Investors and enthusiasts alike will continue to closely observe the performance of Delta Corp’s stock in the market.
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