Business Blog: Delta casino plunges 30% on GST blow, gaming firms slide

Wednesday, July 12, 2023

Delta casino plunges 30% on GST blow, gaming firms slide

Indian online gaming and casino firms saw their share values tumble yesterday after the country’s Goods and Services Tax Council imposed a 28% tax on funds the companies receive from customers. The move will also impact on casinos, with players liable for the tax on the amount they initially spend to purchase chips.

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