Casino Royale Goa
Casino Royale Goa – Among Goa’s casinos, a mix of optimism and signs of post-pandemic recovery are looking for the casino gaming industry; Delta Corporation, Goa’s only listed casino operator, reported a 15 percent increase in net sales and 27 percent increase in operating profit in the April-June quarter.
Delta Corp, a listed company, has several offshore casinos in Goa, including Delta Royale, Delta Jack and Delta Karela, also known as King Casino. (Photo courtesy of Delta Corporation)
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On the boat, at 10 p.m., the mood is somber, almost gloomy, as the car heads to one of the many ships anchored in the Mandvi River near the Panjim port. A lot of light in the bay, glittering ships, glittering billboards, a view of the river surface alive in the monsoon. But the mood inside the throngs of people spending money, playing games, and enjoying a pre-paid buffet is darker than you might think.
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“I often travel to one of them,” said a young to middle-aged man of the same age group, wearing a straight shirt, who did not want to be named. “My family knows, but I don’t have to answer a lot of questions at home.”
The Belgaum resident is one of thousands of tourists who flock to one of Goa’s six offshore casinos, which operate 24 hours a day, offer entertainment and employment, boost tourism in the state and are often hated by locals.
The post-pandemic world is returning to normal for casinos, with most closed from March to November 2020, then from late April to mid-September 2021 – more than 12 months of business inactivity. It’s almost not. otherwise it’s a day off.
“One of the challenges was retaining staff,” says Sri Nivas Nayak, director of Majestic Pride Group, which owns offshore casinos. “We (casinos) are the last priority because we come under entertainment (business). We are the last to start our business. Unfortunately, once the income stopped, the expenses continued.
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The numbers are hard to come by because most casinos are protected from talking numbers – many are protected from talking. But Delta Corp, India’s only listed company involved in the casino gaming industry, saw its net sales fall to around Rs 418 crore in 2020 from around Rs 19 crore in 2018-2018. During this period, its operating profit fell from Rs 320 crore to Rs 22 crore, leaving a trail of Pandemonium in the industry. The company has several offshore casinos in Goa, including Delta Royale, Delta Jack and Delta Carella, also known as King Casino.
However, Delta has a lot to look forward to this fiscal year. Its net sales rose 15 percent and operating income rose 27 percent in the April-June quarter, driven by improved casino footfall and room occupancy.
Riding the gains of the overall stock market, the Delta Core scrip is up nearly 15 percent in the past month. These numbers have led the company to bankroll a new vessel with a capacity equivalent to three existing casinos in Goa and show that the gaming industry can be a viable bet for a long-term investor.
Tejwant Singh, who plays a myriad of roles at Casino Pride, including marketing, entertainment and taking the phone listed on its website, recounts a story he heard from one of his first-time visitors this year: “He said this is what my dad found. a lot, kept saving, kept us from spending, and then died of Covid last year. He worked all his life, but never enjoyed it, he never traveled. What did he get? He lost the pleasure of his life.
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He cites this phenomenon as a means of explaining that while footfall is not as high as in pre-Covid days, tourists are spending more. “The risk appetite has increased. People are afraid, if there is another lockdown…” he said
On Friday night, when the rain has let up a bit, the road to Panjim is full of playhouses, Toyota Quays and people with dark eyes. Couples on rented scooters on the sidewalk, mehndi and bangles, a deadly gift of their recently changed marital statuses and the first time a post-honeymoon conflict has spilled over into gambling. Groups of young families stroll along with their babies and toddlers, a mixture of sleepiness and excitement that creates inexplicable expressions on their faces. As the local municipality decides to remove the road again, the women in high heels stumble when they sneak across the road. Touts hang out, offering coupons and incentives.
The pandemic has forced casinos to innovate and modernize. Social networks and Instagram now play an important role in communication. Large warehouses are placed in strategic locations, such as the roads leading from the airport to the city, but they appear as a blur for 4-5 seconds of limited value.
Singh talks about innovation every day, explaining that “in a democracy, people can get what they want.” Targeting today’s millennial crowd is a challenge, says a recent immigrant from Ludhiana who claims to be in his mid-20s. “We have to update our social media, we have to follow the Google page, Instagram has to respond immediately.” 3-4 years ago, we didn’t pay attention to them,” says Singh, who started working with Casino Pride during the lockdown.
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“We are focused on this part of society, young people, my age is between 23-25. Unmarried, young. Because my college friends, my school friends – all connections are through social media.
A typical newbie spends a few hours at a casino for the first time, while experienced card players can spend days without realizing it. (Featured Image: Canon Constance via Unsplash)
From a distance, Casino Pride looks like a scene from the show Ozark, where a dysfunctional family runs a casino in the US state of Missouri. 12 to 20 people disembark from the boat on the first floor of Casino Pride and appear packed for a few minutes before dispersing to other levels of the high-rise, which looks like Mumbai’s local railway station.
Games like Roulette, Blackjack, Baccarat, Flush, Dragon Tiger, Double Dice and casino battle with modern games like local sounds like Amar Akbar Anthony, Chhota Mian Budd Mian and Inder Behar. According to Singh, Surname is very popular among Karnataka men, it is a simple card game that requires little strategy.
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Kannada and Telugu are the most commonly heard languages in casinos, reflecting the origin of the audience. There are playrooms, a buffet on the second floor, preceded by a Kannada dance or a Telugu song. Further in the children’s room, behind the dance stage, some adults have the difficult task of entertaining the children at 11 p.m.
At Delta Royale, the atmosphere is quieter on weeknights. The bag looks soft, calm, less stressful. There are enough tables for everyone, more space to roam, fewer opponents to beat. A group of nineteen middle-aged women, ready to go out for a party, stop at a blackjack table and one of them is arguing on the phone with a boy who seems to be obnoxious.
Casino managers advise newcomers – and there are many – to ask very clear questions. Can I walk in shorts and slippers (not mostly)? Do you accept cash (yes, and credit cards, GPay, etc.)? Are you safe? How do you get on the boat and does it float (or not)? While the average newbie spends a few hours in the evening when visiting a casino for the first time, seasoned card players can spend days without even knowing it.
Most casino girls aren’t interested in spending more than a few thousand, trusting that the house will win in the end and hoping to find men in tuxedos waiting for fancy martinis. “In their opinion, everything is regulated in the casino. How the movie shows that we are all in this together. But ask how many will win,” laughs Singh.
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For a long time, local residents and non-governmental organizations have been trying to move the casino from its current location. Often there are license issues – whether they are renewed or not. The central government recently delayed the proposal to impose a 28% GST on casinos, while the state government plans to notify new rules for casino operators, including extending the powers of the gaming commissioner.
“Regarding exit from Mandvi,” says Nayak, “this issue has been going on for 16 years.” The myth is that we can’t move. But the most important thing is the safety of people, ease of doing business, access to facilities. They are a challenge for any government.
“So far there is no resentment, no movement. These things are dead. i have
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