Delta Corp tanks 5% as GST Council recommends 28% tax on casinos

Delta Corp, which runs casinos, saw over 5 per cent fall in its share price on Wednesday after reports said a council of ministers have recommended a 28 per cent goods and services tax (GST) on horse racing, casinos and online games.

Currently, the tax rate is 18 per cent.

Shares of Nazara Tech were also trading down about a per cent. The company runs many online games.


ET Now reported citing sources that GoM (group of ministers) have recommended 28% GST on casino, horse racing and online gaming. All kind of online gaming will attract 28% GST as well, it said.

The government officials did not comment on the news report.

“Final decision has been taken on new GST structure on online gaming, horse racing and casino. We cannot elaborate the details of the decision because of the legal aspect involved in it,” said Conrad Sangma, CM, Meghalaya.

Earlier, the Internet and Mobile Association of India (IAMAI) urged the Goods and Services Tax (GST) Council to maintain the 18 per cent GST rate on online gaming.

It said hiking rate shall be “detrimental to the overall wellbeing of the industry, seriously impacting the industry’s contribution to the nation’s economy through revenue generation, livelihood creation and foreign investments.”