Ltd., the company that owns and operates India’s largest poker site Adda52.com. BREAKING. Have you read these stories? Delta Corp is buying Gaussian Networks, one of India’s leading online gaming operators for around $22m. Mumbai: Delta Corp is acquiring Gauss Network, which owns Adda52.com, a poker site, in a part cash, part equity deal. Chamath Palihapitiya – A refreshing voice in the world of Venture Capital . WITH ITS SANDY BEACHES stretching alongside the Arabian Sea, chill vibes, and great food, Goa is a global holiday … Delta Corp, India’s premier casino operator having licenses in all casino destinations of the country ie Goa, Daman & Sikkim. Download via missed call on 9700088844. Dec 14, 2020 05:12 IST | capital market. Ltd., owner and operator of online poker brand Adda52.com. Delta Corp reported a marginal increase in its online gaming revenues from online poker and rummy website Adda52 to Rs. Ltd., the company that owns and operates India’s largest poker site Adda52.com. Delta Corp’s online gaming assets include online poker site Adda52.com, online rummy site Adda52rummy.com and online fantasy sports site LeagueAdda.com. 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.” Chamath Palihapitiya – A refreshing voice in the world of Venture Capital . Adda52 is India's largest online poker site. 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 About the author Saket Mehrotra. 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. Next Post Related Articles In addition, Delta also owns online poker and cards company Adda52, giving it a significant position in the booming online gaming market. 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. Adda52 was acquired by Delta Corp for $23M on Sep 1, 2016. This deal was done in Cash & Stock. 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. 1 online poker website, will become a subsidiary of Delta. 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.” 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. Send Link to E-mail Address . Your Reason has been Reported to the admin. Investors thought so, pushing its shares up more than 3 percent on the day of the announcement. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. World Poker Tour To Partner With Delta Corp’s Adda52 For First Ever WPT Online India Series . You can download the Poker app directly from the website to install it on your smartphone. Further widening its business and increasing its footprint in the race for an overall leadership position, Delta Corp. has recently announced that it will be acquiring 26 percent of shares in Gaussian Networks Pvt. … Download Now. Gaming operator Delta Corp. has completed its merger with Gauss Networks, the holding company of Adda52, after receiving approval from the National Company Law Tribunal (NCLT), according to a regulatory filing to the Stock Exchange. The acquisition of the company will be divided partly in cash and equity. 5 eCommerce Trends to Pay Attention to in 2021; Alternatives to Paid Advertising: 4 Affordable Ways to Promote Your Business; An Effective Google Ads Campaign With a Small Budget ; Benefits of … 200 crores. 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 market leading poker site, Adda52 came out... onlinepokernews.in. Let's reshape it today, Hunt for the brightest engineers in India. Adda 52 generated 200cr revenue by March 2020. estimated revenue 300crore revenue by jan2021. Delta Corp Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. deal will be finalized by March 2021. delta bought adda52 for 200 cr,so nearly 800 crore profit....wow . Ltd., the holding company of Adda52, is approved by the National Company Law Tribunal (NCLT). It currently own and operate casinos in Goa and Sikkim, offering approximately 1,800 gaming positions. Get more out of Tickertape, Go Pro! Delta Corp is expected to pay Rs. A pay cut may tag along, JEE Mains 2021: Govt eases admission norms for NITs, others; waives off Class 12 percentage criteria, Tesla Motors will route its India investment through Dutch arm. Announced Date Sep 1, 2016; Price $23M; Get the most out of Crunchbase . 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'. 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 PE Ratio. 5 crore increase against the online gaming revenues from the last quarter as well as the September 2018 quarter. Nazara is going to BUY ADDA 52 .com from Delta for estimated 1000crore by experts view. 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. Delta Corp Limited today announced its plans to acquire Gauss Network, which owns adda52.com, the company declared to exchanges. PE Ratio-0.13. Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. Delta Corporation Limited has confirmed it will be purchasing the Adda52 poker site following approval from Gaussian Networks. Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. … For reprint rights: I am taking out my time and writing this to just avoid any other users like me to be fooled while playing poker on this website. It is India’s only listed company engaged in casino (live, electronic and online) gaming. Download Now. WITH ITS SANDY BEACHES stretching alongside the Arabian Sea, chill vibes, and great food, Goa is a global holiday … 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. 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. 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. 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? World Poker Tour To Partner With Delta Corp’s Adda52 For First Ever WPT Online India Series . Seven expensive mistakes to avoid while participating in the capital markets. The Latest Startup News. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. In its regulatory filing, Delta Corp noted: Pursuant to the proposed transaction, Gaussian Network Pvt. Buy Reco % — Compare with Peers. About the author Saket Mehrotra. Send Link to Mobile. Updated: Jan 05, 2021, 11.50 PM IST. 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. Adda52 is RNG certified by iTech labs, Australia for safe and legitimate gameplay. Adda52 was acquired by Delta Corp for $23M on Sep 1, 2016. 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. Delta Corp Limited is a holding company engaged in the operation of casino. Mumbai: Delta Corp is acquiring Gauss Network, which owns Adda52.com, a poker site, in a part cash, part equity deal. 1800 572 0611. Adda52 Rummy Computer Games Gurugram, Haryana 432 followers We are the leading online rummy website in India. Adda52.com reserves the right to modify or end this promotion at any time without giving any prior notice to players.. Enroll Now + Download Now. Players & Pros Sunday Majors: Jain Wins The First-Ever Big Game On Adda52; Grover & Gupta Among Other Big Winners! Adda52 acquired by Delta Corp . News on 18 Oct 2017 Indian real estate, gaming and hospitality firm Delta Corp Limited delivered robust results in its latest quarterly report saying its recent acquisition of Gauss Networks Private Limited and online operation Adda52 is paying early dividends. Adda52.com reserves the right to modify or end this promotion at any time without giving any prior notice to players. In addition, Delta also owns online poker and cards company Adda52, giving it a significant position in the booming online gaming market. Download Now. After receipt of the NCLT order, Gauss Networks will amalgamate with Delta Corp and Adda52 will officially become a wholly owned subsidiary of Delta Corp. 47.13 Crore for FY 2015-16; (b) Rs. The World Poker Tour has announced its first online tournament series for players in India, with WPT Online India scheduled to take place in November in partnership with Delta Corp’s market leading poker site Adda52. Along with its casino business, company also owns Adda52 a leading online poker. News on 18 Oct 2017 Indian real estate, gaming and hospitality firm Delta Corp Limited delivered robust results in its latest quarterly report saying its recent acquisition of Gauss Networks Private Limited and online operation Adda52 is paying early dividends. Walk The Path To Glory With The Adda52 Champions Leaderboard Promising 2 Crores In Guaranteed Prizes! We will be expiring the tickets automatically or manually. 47.50%. This will witness Delta’s entry into online space and will give it an instant leadership position in the online poker space. 1800 572 0611. Download Now. As per a recent report by Google-KPMG, the online gaming industry in India is expected to grow to $1 billion by 2021. Adda 52 generated 200cr revenue by March 2020. estimated revenue 300crore revenue by jan2021. 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. deal will be finalized by March 2021. delta bought adda52 for 200 cr,so nearly 800 crore profit....wow . Online rummy site by Delta Corp Ltd. PeersCompare with peers Wonderla Holidays Ltd. WONDERLA. India’s largest casino Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. You need to be more than 18 years old to play on adda52.com. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. Send Link to E-mail Address. The transaction will be done partly through cash and partly through equity transfer. Send Link to Mobile. 155 crores. The acquisition of the company will be divided partly […] Ltd., the company that owns and operates India’s largest poker site Adda52.com.. This transaction is not only synergetic from business and growth perspective but will also provide financial strength and flexibility to Delta. Delta Corp: A pocket full of aces Jaydev Mody has become India’s casino czar by institutionalising Indians’ love for gambling. 1Y Return. With this transaction, Delta will widen its business horizon and increase its overall footprint, thereby consolidating its overall leadership position. This will alert our moderators to take action. Investors thought so, pushing its shares up more than 3 percent on the day of the announcement. The Company operates its gaming and hospitality businesses under the DELTIN brand. Download Now. Delta Corp pleased with Adda52 contribution. Adda52 Advantage Adda52 Advantage is a unique loyalty program tailored exclusively for our regular players. 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. Register now to play live rummy tournaments and win daily cash prize! Days Trial. The company … Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Gaming company Delta Corp completes Adda52 Deal. 18.15 Crore for FY 2014-2015. Delta Corp: A pocket full of aces Jaydev Mody has become India’s casino czar by institutionalising Indians’ love for gambling. 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. Number cruncher, avid reader, coffee connoisseur, book store hopper & Metallica fan. Online rummy gaming and poker startup Adda52.com was recently acquire by Delta Corp, casino and hospitality operator for $23 million in stock deal and cash. The World Poker Tour has announced its first online tournament series for players in India, with WPT Online India scheduled to take place in November in partnership with Delta Corp’s market leading poker site Adda52. Download The Economic Times News App to get Daily Market Updates & Live Business News. OPN NewsDesk January 11, 2021 It was a power-packed Sunday with all major online poker sites brimming with electrifying action. 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. 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. 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! Its segments include Real Estate, Gaming, Hospitality and Others. 2. Violation of our Terms of Service may lead to your account being restricted. Q - Can I play real money games on the app? 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. The value of the deal, according to reports, is over Rs 150 crore. Tomorrow is different. Further widening its business and increasing its footprint in the race for an overall leadership position, Delta Corp. has recently announced that it will be acquiring 26 percent of shares in Gaussian Networks Pvt. Entire gaming industry stands to gain from this. 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. Send Link to Mobile. Adda52 Rummy Blogs, Comments and Archive News on Economictimes.com. He now wants to future-proof brand Deltin by going international and growing in the online gaming space. 35.19 Crore for FY 2014-15; and (c) Rs. 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. Transaction, Delta also owns online poker and cards company Adda52, is approved by the National Law! Report button the app announced Date Sep 1, 2016 rummy Blogs, Comments and Archive News Economictimes.com! Networks Pvt gaming industry in India connoisseur, book store hopper & Metallica fan that... Growing in the booming online gaming revenues from online poker website, become. 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