4 factors in favor:
1️⃣ Of the total 20 legal gambling facilities in India, it operates 6 including 5 in Goa and is the only listed casino operator.
2️⃣ Very strong moat as casinos are capped by government regulations
3️⃣ Zero debt
4️⃣Daman casino should start anytime soon and will be a bigger draw than Goa Casino ( due to proximity of Bombay Gujarat)
3 risks to business:
🔹Markets perceive High GST as a risk factor. However, we disagree as Co already making tremendous profits despite the highest slab of 28% GST.
Our Opinion
Potential Multi-bagger as also will get 250 Cr from Real Estate project and part disinvestment of stake in Online Gaming business but have a time horizon of at least 2 years.
Make money on a daily basis using our bank nifty option tips for tomorrow as we trade options that can be started with even Rs 5000-10000 capital.
