Delta Corp – A huge but risky opportunity

I am surprised at the kind of hypothesis being put forward on why player will play more or not. Nobody can validate it until we see the results.
From the concall one could gather that they can change the methodology of chip exchange based on the fine prints of the new rule. Doing away with giving chips can also be an option. The company can navigate around the new rules if it survives these changes.
Instead of focusing on how the business will be impacted based on the new methodology, investors should be worried about retrospective implementation. If this was always how tax department interpreted the rule, casinos will be slapped with a massive GST bill. This will obviously be followed by more litigations.
More tareek pe tareek like the Daman case.