- Delta Corp is shutting down its Goa casino, The Zuri White Sands, effective January 9, 2026.
- The closure follows a GST hike on casinos from 28% to 40%, which faced strong industry opposition.
- The casino was operating at a loss and contributed only 2.13% to Delta Corp’s consolidated turnover.
- The unit’s net worth was negative, with minimal impact on the company’s overall financial position.
- The tax hike has raised concerns about job losses, reduced tourism, and lower state revenue in Goa.
Source: storyboard18.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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