Regarding GST Impact and Twist by FM in Last Press Meet
As per new law amendement, it was confimed in press meet that it will be applicable only on first entry. (not on every bet and winning amount). As far as i know, it was better than what was explained earlier. I strongly feel Delta will find clear strategy to reduce the impact on revenue and bottom line.
Government dont want to kill the industry (at least they are tellling openly in media). One more +ve, GST Hangover is completed. I am not sure how many of you watched FM speech, it seems to be politcal angle to satisfy all states, because other states ministers are pushing for 28% on every bet and winning, since it was discussed for almost 3 years so they dont want to come up with solution that there is no change. It seems GOA and Sikkim CM was also present and pushing GST committee to follow GGR approach. Overal industry will survive.
On Hardik Resignation – May be wrong time but i feel it was planned before GST council meet. Please see all concalls which happened, you will see only Hardik attending the call, but last week you can see 2 of them joined as well which didn’t happen earlier. so Managing director knows that hardik s leaving even before GST outcome. Delta is not dependent on single person so there is no long term impact here.
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