Delta Corp – A huge but risky opportunity

I agree,

1. It’s more of an experiential thing instead of addiction in India. This is not US where we have casino culture and we can play for a timepass while our clothes are being washed in a laundromat.
2. Although the business has room to grow as we see that a lot of people have started going to bars every weekend for their office parties, it would take a long time for the co. as the tax regimes are being bend against industry whether we see online gambling of offline.
3. Much of this business is sin industries like cigarette and alcohol business where once people get addicted to it, we know that we are not going out of business tomorrow but the difference is that cigarette and alcohol business have high brand loyalty and most of that market is penetrated.