At the time, the hospitality company said it expected to pay INR47.30 crore (USD7.06 million) in … Delta Corp Acquires Poker Site Adda52.com. Send Link to Mobile. Q - Can I play real money games on the app? Ltd., owner and operator of online poker brand Adda52.com. Customise key metrics, see detailed … The acquisition of the company will be divided partly […] Players & Pros Sunday Majors: Second Mega Suits Title for Chutani; Agrawal Ships Adda52 Millions; Basha Wins Big Slick OPN NewsDesk January 18, 2021 It was a smashing Sunday on Delta Corp’s market leading poker site – Adda52. Delta Corp pleased with Adda52 contribution. This will alert our moderators to take action. In addition, it has also ventured into the fast-growing online gaming space through our acquisition of Gauss Networks, which operates the online poker site 'Adda52.com'. 12 PM to 10 PM. Number cruncher, avid reader, coffee connoisseur, book store hopper & Metallica fan. The value of the deal, according to reports, is over Rs 150 crore. Adda52 Rummy Blogs, Comments and Archive News on Economictimes.com. As usual, headlining the action was 30 Lac GTD Mega Suits. Gaming and hospitality company Delta Corp is in talks with potential suitors including a private equity-backed game developer PE-backed gaming firm looks to buy Delta’s online poker platform Adda52 | VCCircle 47.50%. Download Now. This transaction is not only synergetic from business and growth perspective but will also provide financial strength and flexibility to Delta. Ltd., the holding company which owns and operates Adda52.com and is said to be the market leader in the online poker space in India. Delta Corp Limited, previously known as Arrow Webtex Ltd., is an Indian gaming and hospitality corporation that owns and operates casinos and hotels under several brands. Monday - Sunday. Download Now. In addition, Delta also owns online poker and cards company Adda52, giving it a significant position in the booming online gaming market. In addition, Delta also owns online poker and cards company Adda52, giving it a significant position in the booming online gaming market. Number cruncher, avid reader, coffee connoisseur, book store hopper & Metallica fan. Pune hospitality firm Delta Corp Ltd will acquire Gaussian Networks Pvt Ltd, which operates online poker site adda52.com, in a cash and stock deal that values the three-year-old startup at around Rs 182 crore ($27 million), it said on Wednesday. Adda 52 generated 200cr revenue by March 2020. estimated revenue 300crore revenue by jan2021. Violation of our Terms of Service may lead to your account being restricted. However, the news the company will push ahead with a resort in Pernem in northern Goa may be a game changer for the industry in the country. Delta Corp’s intention to acquire Adda52 was first announced in October 2016, while shareholders gave the green light for the merger in March this year. Chamath Palihapitiya – A refreshing voice in the world of Venture Capital . Let's reshape it today, Hunt for the brightest engineers in India. The Economic Times Digital Payments Forum, Initiatives by these companies to recycle the E-waste, Falling gold prices boost jewellery demand up by 10-20 per cent, Shifting to a small town for work from home? As per a recent report by Google-KPMG, the online gaming industry in India is expected to grow to $1 billion by 2021. Adda52 Companies in India Delta Corp Equity Investing Investing in India Jaydev Mody. Ltd., the company that owns and operates India’s largest poker site Adda52.com.. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Gaming company Delta Corp completes Adda52 Deal. PE Ratio-0.13. The acquisition of the company will be divided partly in cash and equity. In August 2016, Delta Corp had announced that it would be acquiring Adda52 , which is the clear market leader in the online poker space, for a part-cash and part-stock total consideration of approximately Rs. The transaction will be done partly through cash and partly through equity transfer. In its regulatory filing, Delta Corp noted: Pursuant to the proposed transaction, Gaussian Network Pvt. 35.19 Crore for FY 2014-15; and (c) Rs. Walk The Path To Glory With The Adda52 Champions Leaderboard Promising 2 Crores In Guaranteed Prizes! The site has reliable (yet anonymous) sources claiming that Delta Corp that owns Adda52’s parent company, Gaussian Networks, is in talks with several potential buyers. Enjoy the most thrilling non-stop Poker action. Dec 14, 2020 05:12 IST | capital market. Adda52 was acquired by Delta Corp for $23M on Sep 1, 2016. Send Link to Mobile. Delta Corp. announced on Wednesday that it is acquiring 26 percent of shares in Gaussian Networks Pvt. Delta Corp: A pocket full of aces Jaydev Mody has become India’s casino czar by institutionalising Indians’ love for gambling. A – Adda52 is the best application to download on Android or iOS devices. Delta Corp Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. Download Now. Earn great benefits and CRAZY returns such as rakebacks, huge bonuses, tournaments tickets, … Delta Corp is expected to pay Rs. Announced Date Sep 1, 2016; Price $23M; Get the most out of Crunchbase . 40.93 crores, which reflects around Rs. Ltd. (“Gaussian”), a wholly owned subsidiary of the Transferor incorporated on June 10, 2011, which owns and operates the online poker website www.adda52.com which is the market leader and India’s no. Send Link to E-mail Address. Delta Corp, the leading gaming and hospitality company in India, expanding gaming related businesses throughout India with a focus on Goa and the Indian online market. Days Trial. The consolidated turnover of Gauss and Gaussian for the last 3 financial years is as (a) Rs. The validity of the tickets and BB is 7 days post credit. Delta Corporation Limited has confirmed it will be purchasing the Adda52 poker site following approval from Gaussian Networks. Delta Corp’s market leading poker site, Adda52 came out... Players & Pros Sunday Majors: Jain Wins The First-Ever Big Game On Adda52; Grover & Gupta Among Other Big Winners! India’s sole listed gaming company Delta Corp Friday acquired Gauss Network, the owners of poker site Adda52.com for an undisclosed amount. USFDA warns against tweaking vaccine dosage. Delta Corp Ltd. owns and operate casinos in India, in the states of Goa and Sikkim, offering approximately 1,800 gaming positions and is executed to start a casino soon in Daman. As per Delta Corp Chief Financial Officer (CFO) Hardik Dhebar’s interview to CNBC-TV18, the total deal size is expected to be about Rs. Acquired by . Download Now. MUMBAI: Jaydev Mody-owned Delta Corp NSE -1.18 %, one of India's largest gaming and hospitality companies, completed the acquisition of Gaussian Network, owner of the nation's leading poker site Adda52, for a total consideration of Rs 223.9 crore. Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. The transaction will be done partly through cash and partly through equity transfer. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. In what could be termed as the biggest news in the gaming industry this year, Delta Corp Ltd., India’s largest gaming and hospitality company announced its foray into the online gaming space in a regulatory filing to the stock exchanges. Download The Economic Times News App to get Daily Market Updates & Live Business News. Your Reason has been Reported to the admin. Adda52 Rummy Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Delta Corp: A pocket full of aces Jaydev Mody has become India’s casino czar by institutionalising Indians’ love for gambling. Pune hospitality firm Delta Corp Ltd will acquire Gaussian Networks Pvt Ltd, which operates online poker site adda52.com, in a cash and stock deal that values the three-year-old startup at around Rs 182 crore ($27 million), it said on Wednesday. As usual, headlining the action was 30 Lac GTD Mega Suits. Players & Pros Sunday Majors: Second Mega Suits Title for Chutani; Agrawal Ships Adda52 Millions; Basha Wins Big Slick OPN NewsDesk January 18, 2021 It was a smashing Sunday on Delta Corp’s market leading poker site – Adda52. In its note to the stock exchanges and shareholders, Delta Corp informed its intention to acquire 26% shares in Gauss Networks Pvt. In its disclosure recently to the stock exchanges, Delta Corp said that with this transaction, which complements the gaming business, “Delta will widen its business horizon and increase its overall footprint, thereby consolidating its overall leadership position.” Transaction Name . Customer Care. Indian casino operator and hospitality company Delta Corp has commenced the process to acquire Gaussian Networks Pvt Ltd, the five-year old company that operates India’s biggest online poker website, Adda52.com.The deal worth Rs 182 crore ($27 million) will have both stock and cash components. Delta Corp is one of India’s largest company in physical gaming, wheres Adda 52 is among the most visited online destination for rummy and poker. A - You can play Ring games, Sit-N-Go, and MTT (Multi-table tournaments) with real money on the Android Poker App. Nazara is going to BUY ADDA 52 .com from Delta for estimated 1000crore by experts view. Signup & Win real money and other exciting cash bonuses. Choose your reason below and click on the Report button. Days Trial You need to be more than 18 years old to play on adda52.com. In addition, it has also ventured into the fast-growing online gaming space through our acquisition of Gauss Networks, which operates the online poker site 'Adda52.com'. Delta Corp’s market leading poker site, Adda52 came out... onlinepokernews.in. World Poker Tour To Partner With Delta Corp’s Adda52 For First Ever WPT Online India Series . PE Ratio. Adda52 is a market leader in the online poker space, and its merger is said to give an instant leadership position in the online poker space to Delta Corp, according to Glaws. Suggestions to tweak dosage strategy to overcome a supply crunch are not rooted in solid … Ltd., the holding company of Adda52, is approved by the National Company Law Tribunal (NCLT). It is India’s only listed company engaged in casino (live, electronic and online) gaming. Adda52.com reserves the right to modify or end this promotion at any time without giving any prior notice to players. Get more out of Tickertape, Go Pro! Mumbai: Delta Corp is acquiring Gauss Network, which owns Adda52.com, a poker site, in a part cash, part equity deal. Delta Corp. announced its plans to acquire Adda52 in August 2016. Players & Pros Sunday Majors: Jain Wins The First-Ever Big Game On Adda52; Grover & Gupta Among Other Big Winners! Investors thought so, pushing its shares up more than 3 percent on the day of the announcement. Ltd., the company that owns and operates India’s largest poker site Adda52.com. Copyright © 2019 - 2020 CricketPrediction.com. 17.92. This deal was done in Cash & Stock. Delta Corp reported a marginal increase in its online gaming revenues from online poker and rummy website Adda52 to Rs. In addition, we have also ventured into the fast-growing online gaming space through our acquisition of Gauss Networks Private Limited, which operates the online poker site 'Adda52.com'. 155 crores. Seven expensive mistakes to avoid while participating in the capital markets. Delta Corp Acquires Poker Site Adda52.com. Try Pro Free . Adda52 Companies in India Delta Corp Equity Investing Investing in India Jaydev Mody. Delta Corp announces completion of Adda52 merger Delta Corp in a regulatory filing to the stock exchange announced that the amalgamation of Gauss Networks Pvt. About the author Saket Mehrotra. All these factors make them the market leader.Delta has also expanded in Sikkim, a land-based casino, where it is one of the major players and deltin is waiting for license for its Daman casino, this would go long way in expanding its business.The online gaming business of Adda52.com is also escalating with increase in number of people playing online games. Download via missed call on 9700088844. 1800 572 0611. 2. By Aveek Datta, May 23, 2020. Pune-based hospitality firm Delta Corp on Friday announced that it has acquired Gauss Network, which owns Adda52.com, India’s leading poker site, in a part cash, part equity deal. 1800 572 0611. Breaking news: Delta Corp announces acquisition of Adda52 in multi-billion stock+cash deal In what could be termed as the biggest news in the gaming industry this year, Delta Corp Ltd., India’s largest gaming and hospitality company announced its foray into the online gaming space in a regulatory filing to the stock exchanges. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion.