Delta Corp – A huge but risky opportunity

I think there are lot of moving parts in this company as of now. What I m sharing is what I have heard around :

1. These business have lot of offline transactions mostly hawala. Even if u visit a casino, u can buy chips in cash and also then encash your winnings back in cash. The white part is miniscule to the money which floats around.
2. Lot of casinos have cropped up around deltin which was not the case earlier and the competition has increased manifold atleast in Goa. So there can be a rival in cohoots with all this also. Because the other big player Big daddy is run by haryana MLA gopal goyal Kanda who is supposedly close to the ruling dispensation.
3. I am still not sure about the breakdown of the GST claim 17000 cr. What % of that is online and what % is the casino one. Can anyone throw light as how can IT or GST dept determine the GGR. Do they check the billing counter receipts or check number of people coming or check video cameras.
4. This whole GGR thing is useless as it kills a nascent industry which just doesn’t make sense. Babus should apply themselves before coming with such silly ideas.
   Best
   Divyansh