Virtual games are set to replace brick and mortar gaming halls across the world. Unless India’s gambling giants adapt to the new digital realities quickly, their spot will be taken by desi tech startups and global competition.
Western Casino Games Propel the Industry
The leading Indian gambling company Delta Corp published its financial results recently, boasting a phenomenal year-on-year growth. Gross revenue more than tripled annually (+233%), reaching almost $40 million. The March quarter continued along the same lines (+16.5%) across all segments, company figures show.
Notably, the casino division saw the biggest improvement from last year’s Covid-hit results, recording a jump from $26.4 to $31.4 million on a yearly basis. Online skill gaming followed, improving slightly to $5.5 million, while hospitality brought $2.5 million only despite doubling last year’s results.
The numbers show that Delta Corp’s hotels and resorts did indeed improve after a series of lockdowns, with the reopening directly affecting gaming halls and entertainment events. However, what its customers are after, above all, seems to be the Western-style casino games. Quite logically, Delta managed to move one of its big offshore casinos onto mainland Goa – after a lengthy court battle – in one of its freshly licensed venues.
The trend was recently highlighted by Svilen Madjov’s Research at SevenJackpots, one of India’s leading online casino review sources. Foreign casino games are getting more popular than ever before and the easiest way to play those is at an online gaming platform.
India’s thriving market seems to appreciate roulette and slots in particular, the study reveals. Other classic genres include poker and blackjack while traditional desi table games hold a low but steady player demand according to industry experts.
Delta Corp is known for some of the largest offshore (floating) casinos in India. It also operates some land-based hotels and casinos in Goa, Sikkim and Daman. However, the company has been gradually investing in online poker sites and other virtual gaming platforms, fearing the ruthless foreign competition and the quickly evolving gaming tech companies around the Union.
5G Speeds Set to Pave the Future for Mainstream Online Gaming
The fact of the matter is that India is entering a new stage in its gaming and entertainment evolution. While the market is still far off its maturity due to regulatory uncertainty, the technological and financial side of the business is pulling ahead with lightning speeds.
Media outlets rightly point out that current 5G rollout speeds might be below expectations for some market experts. Yet, the digital transition is at a threshold beyond which India’s over 800 million online users will soon feel a huge difference in their lives.
5G connectivity can already be enjoyed in casual settings like online games, media streaming and other entertainment platforms. Foreign games are easily played from within India and download times and speeds are no longer a problem, at least in most urban communities. Network improvements will bring esports and video games to every home and mobile device, analysts agree.
India’s main telecoms – Reliance Jio, Vodafone Idea, Bharti Airtel and Adani Group – have all joined the race for the next generation of mobile customers. Most young users would gladly welcome faster streaming, glitch-free gaming and real-time communication with their friends and family.
However, 5G speeds also mean more professional opportunities, mode education and telemedicine. Mainstream use of next-generation networks would mean that eSports players will be able to prepare better for more complex competitions; developers will test more advanced VR features; and digital platforms will be used for professional training, virtual asset exchanges and even practical daily tasks in metaverse settings.
Disclaimer: Above mentioned article is a Consumer connect initiative, This article is a paid publication and does not have journalistic/editorial involvement of IDPL, and IDPL claims no responsibility whatsoever.