Delta Corp has completed the acquisition of Adda52 for INR 223.9 crore rupees. 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. 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. Copyright © 2019 - 2020 CricketPrediction.com. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. OPN NewsDesk January 14, 2021 Delta Corp’s market-leading poker site, Adda52 has always been known for exciting leaderboards to reward MTT players for their consistency throu... onlinepokernews.in. Send Link to E-mail Address. It is India’s only listed company engaged in casino (live, electronic and online) gaming. India’s largest casino Download Now. About the author Saket Mehrotra. 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. About the author Saket Mehrotra. 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. Adda52 Rummy Blogs, Comments and Archive News on Economictimes.com. The validity of the tickets and BB is 7 days post credit. You need to be more than 18 years old to play on adda52.com. Delta Corp: A pocket full of aces Jaydev Mody has become India’s casino czar by institutionalising Indians’ love for gambling. By Aveek Datta, May 23, 2020. … India’s sole listed gaming company Delta Corp Friday acquired Gauss Network, the owners of poker site Adda52.com for an undisclosed amount. Seven expensive mistakes to avoid while participating in the capital markets. Adda52 was acquired by Delta Corp for $23M on Sep 1, 2016. It currently own and operate casinos in Goa and Sikkim, offering approximately 1,800 gaming positions. Delta Corp pleased with Adda52 contribution. Online rummy site by Delta Corp Ltd. PeersCompare with peers Wonderla Holidays Ltd. WONDERLA. Players & Pros Sunday Majors: Jain Wins The First-Ever Big Game On Adda52; Grover & Gupta Among Other Big Winners! 47.30 crores in cash for acquisition of 26% of the shares of Gaussian Networks, and offer Optionally Convertible Preference Shares (OCPS) as well Redeemable Preference Shares (RPS) to the founder shareholders of Gaussian Networks for eventual amalgamation of the company as its wholly owned subsidiary. 40.93 crores, which reflects around Rs. Delta Corp pleased with Adda52 contribution. 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. 47.50%. Next Post Related Articles Earn great benefits and CRAZY returns such as rakebacks, huge bonuses, tournaments tickets, … Adda 52 generated 200cr revenue by March 2020. estimated revenue 300crore revenue by jan2021. 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.” In its note to the stock exchanges and shareholders, Delta Corp informed its intention to acquire 26% shares in Gauss Networks Pvt. Delta Corp. announced its plans to acquire Adda52 in August 2016. Delta Corp Acquires Poker Site Adda52.com. WITH ITS SANDY BEACHES stretching alongside the Arabian Sea, chill vibes, and great food, Goa is a global holiday … Adda52 is India's largest online poker site. 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. Try Pro Free . 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. 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'. Download The Economic Times News App to get Daily Market Updates & Live Business News. 1800 572 0611. He now wants to future-proof brand Deltin by going international and growing in the online gaming space. The Company operates its gaming and hospitality businesses under the DELTIN brand. Download Now. Entire gaming industry stands to gain from this. Delta Corp’s market leading poker site, Adda52 came out... onlinepokernews.in. At the time, the hospitality company said it expected to pay INR47.30 crore (USD7.06 million) in … 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. Download via missed call on 9700088844. It is India’s only listed company engaged in casino (live, electronic and online) gaming. By Aveek Datta, May 23, 2020. Entire gaming industry stands to gain from this. 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. The acquisition of the company will be divided partly […] 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. Days Trial Stay Connected. Acquired by . WITH ITS SANDY BEACHES stretching alongside the Arabian Sea, chill vibes, and great food, Goa is a global holiday … Featuring at the top of this list is Mumbai-based game developer, Nazara Technologies, with whom Delta Corp already shares business interests. With this transaction, Delta will widen its business horizon and increase its overall footprint, thereby consolidating its overall leadership position. Violation of our Terms of Service may lead to your account being restricted. Delta Corp Limited today announced its plans to acquire Gauss Network, which owns adda52.com, the company declared to exchanges. 17.92. Ltd., the company that owns and operates India’s largest poker site Adda52.com.. 35.19 Crore for FY 2014-15; and (c) Rs. PE Ratio. deal will be finalized by March 2021. delta bought adda52 for 200 cr,so nearly 800 crore profit....wow . According to GLaws, Delta Corp is expected to pay Rs. Enjoy the most thrilling non-stop Poker action. 1Y Return-19.32%. Dec 14, 2020 05:12 IST | capital market. Buy Reco % — Compare with Peers. You can download the Poker app directly from the website to install it on your smartphone. Days Trial. Adda52 Rummy Computer Games Gurugram, Haryana 432 followers We are the leading online rummy website in India. Register now to play live rummy tournaments and win daily cash prize! The transaction will be done partly through cash and partly through equity transfer. The company … USFDA warns against tweaking vaccine dosage. 47.13 Crore for FY 2015-16; (b) Rs. Number cruncher, avid reader, coffee connoisseur, book store hopper & Metallica fan. 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. Q - Can I play real money games on the app? Adda52 is a leading online poker platform based in India and is a subsidiary of Delta Corp. Delta is the sole publicly traded casino company in India. Adda52 Rummy Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Delta Corp’s online gaming assets include online poker site Adda52.com, online rummy site Adda52rummy.com and online fantasy sports site LeagueAdda.com. This will alert our moderators to take action. Announced Date Sep 1, 2016; Price $23M; Get the most out of Crunchbase . 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. 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 Corporation Limited has confirmed it will be purchasing the Adda52 poker site following approval from Gaussian Networks. 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 Delta Corp Ltd is the biggest hospitality and gaming enterprise in India, operating some of Goa’s most popular onshore and offshore casinos.The company recently filed papers with the National Stock Exchange of India Ltd announcing its intention to acquire Gaussian Networks, which is the parent company of Adda52.com, India’s biggest online poker website. Adda52. Investors thought so, pushing its shares up more than 3 percent on the day of the announcement. A – Adda52 is the best application to download on Android or iOS devices. 155 crores. It currently own and operate casinos in Goa and Sikkim, offering approximately 1,800 gaming positions. 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. The acquisition of the company will be divided partly […] The acquisition of the company will be divided partly in cash and equity. 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. Tomorrow is different. 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. Choose your reason below and click on the Report button. As usual, headlining the action was 30 Lac GTD Mega Suits. As usual, headlining the action was 30 Lac GTD Mega Suits. Delta Corp Acquires Poker Site Adda52.com. 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. OPN NewsDesk January 11, 2021 It was a power-packed Sunday with all major online poker sites brimming with electrifying action. 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. He now wants to future-proof brand Deltin by going international and growing in the online gaming space. 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 Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. Customise key metrics, see detailed … We will be expiring the tickets automatically or manually. Delta Corp Limited is a holding company engaged in the operation of casino. The aim of the company is to … Delta Corp rose 3.16% to Rs 161.75 after the company said it received regulatory approval for setting up an integrated resort in Goa. Your Reason has been Reported to the admin. Ltd., the company that owns and operates India’s largest poker site Adda52.com. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Mumbai: Delta Corp is acquiring Gauss Network, which owns Adda52.com, a poker site, in a part cash, part equity deal. This deal was done in Cash & Stock. 1 online poker website, will become a subsidiary of Delta. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. 5 crore increase against the online gaming revenues from the last quarter as well as the September 2018 quarter. Its segments include Real Estate, Gaming, Hospitality and Others. 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. Updated: Jan 05, 2021, 11.50 PM IST. This transaction is not only synergetic from business and growth perspective but will also provide financial strength and flexibility to Delta. Delta Corp. announced its plans to acquire Adda52 in August 2016. 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? 200 crores. Ltd., the company that owns and operates India’s largest poker site Adda52.com. Delta Corp: A pocket full of aces Jaydev Mody has become India’s casino czar by institutionalising Indians’ love for gambling. Download Now. Ltd., owner and operator of online poker brand Adda52.com. 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! Send Link to Mobile. Number cruncher, avid reader, coffee connoisseur, book store hopper & Metallica fan. Adda 52 generated 200cr revenue by March 2020. estimated revenue 300crore revenue by jan2021. 15 business Delta Corp to buy adda52.com holding co for Rs 155 crore Delta Corp Limited is going to acquire Gauss Network, which owns adda52.com, the company declared to exchanges. Send Link to Mobile. The transaction will be done partly through cash and partly through equity transfer. 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. 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.” Customer Care. World Poker Tour To Partner With Delta Corp’s Adda52 For First Ever WPT Online India Series . Delta Corp Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. 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 reported a marginal increase in its online gaming revenues from online poker and rummy website Adda52 to Rs. 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. “Similar to trends seen in the US and around the globe, Indian consumers have flocked to digital and online entertainment channels during the lockdown,” DeCree said. In addition, Delta also owns online poker and cards company Adda52, giving it a significant position in the booming online gaming market. 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. Send Link to E-mail Address . Download via missed call on 9700088844. As per a recent report by Google-KPMG, the online gaming industry in India is expected to grow to $1 billion by 2021. 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 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. In its regulatory filing, Delta Corp noted: Pursuant to the proposed transaction, Gaussian Network Pvt. 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. Send Link to Mobile. 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. 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. Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. 18.15 Crore for FY 2014-2015. Online Poker site by Delta Corp Ltd. Adda52rummy. The value of the deal, according to reports, is over Rs 150 crore. 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. Adda52 was acquired by Delta Corp for $23M on Sep 1, 2016. 1800 572 0611. Download Now. Monday - Sunday. Delta Corp Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. Customer Care. PE Ratio-0.13. Mumbai: Delta Corp is acquiring Gauss Network, which owns Adda52.com, a poker site, in a part cash, part equity deal. Nazara is going to BUY ADDA 52 .com from Delta for estimated 1000crore by experts view. Adda52 Companies in India Delta Corp Equity Investing Investing in India Jaydev Mody. Suggestions to tweak dosage strategy to overcome a supply crunch are not rooted in solid … Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. This will witness Delta’s entry into online space and will give it an instant leadership position in the online poker space. Ltd., the holding company of Adda52, is approved by the National Company Law Tribunal (NCLT). According to GLaws, Delta Corp is expected to pay Rs. It owns approximately three casinos in Goa, including Deltin Royale, Deltin JAQK and Deltin Caravela. Adda52 acquired by Delta Corp . Hi, I am Mr. James miller, i need an urgent partner for business proposal there in your country please contact me if you are interested at ( jamesmellar1@gmail.com ), Inciting hatred against a certain community, 15 Let's reshape it today, Hunt for the brightest engineers in India. Chamath Palihapitiya – A refreshing voice in the world of Venture Capital . The Latest Startup News. World Poker Tour To Partner With Delta Corp’s Adda52 For First Ever WPT Online India Series . 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'. Delta Corp also noted that the proposed acquisition and amalgamation will be completed by 30th June, 2017 and is subject to regulatory and statutory approval from the shareholders, stock-exchanges and courts. Delta Corp . Walk The Path To Glory With The Adda52 Champions Leaderboard Promising 2 Crores In Guaranteed Prizes! Adda52 is RNG certified by iTech labs, Australia for safe and legitimate gameplay. 12 PM to 10 PM. 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 is expected to pay Rs. Delta Corp. announced on Wednesday that it is acquiring 26 percent of shares in Gaussian Networks Pvt. 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. … Signup & Win real money and other exciting cash bonuses. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Gaming company Delta Corp completes Adda52 Deal. According to GLaws, Delta Corp is expected to pay Rs. Get more out of Tickertape, Go Pro! Adda52 Companies in India Delta Corp Equity Investing Investing in India Jaydev Mody. Transaction Name . 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. 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. Nazara is going to BUY ADDA 52 .com from Delta for estimated 1000crore by experts view. Ltd., owner and operator of online poker brand Adda52.com. Seven expensive mistakes to avoid while participating in the capital markets. BREAKING. Ltd., owner and operator of online poker brand Adda52.com. Investors thought so, pushing its shares up more than 3 percent on the day of the announcement. Download Now. Delta Corp, India’s premier casino operator having licenses in all casino destinations of the country ie Goa, Daman & Sikkim. At the time, the hospitality company said it expected to pay INR47.30 crore (USD7.06 million) in … A - You can play Ring games, Sit-N-Go, and MTT (Multi-table tournaments) with real money on the Android Poker App. Adda52 Advantage Adda52 Advantage is a unique loyalty program tailored exclusively for our regular players. 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 … The consolidated turnover of Gauss and Gaussian for the last 3 financial years is as (a) Rs. Have you read these stories? 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. Sunday Majors: Jain Wins The First-Ever Big Game On Adda52; Grover & Gupta Among Other Big Winners! 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. India’s sole listed gaming company Delta Corp Friday acquired Gauss Network, the owners of poker site Adda52.com for an undisclosed amount. & Co. ltd. all rights reserved 300crore revenue by March 2021. Delta bought Adda52 for INR crore.: a pocket full of aces Jaydev Mody to avoid while participating in the online poker and cards company,. Now wants to future-proof brand Deltin by going international and growing in the online. Life Tax Relief 96 Direct-Growt.. gaming company Delta Corp ’ s listed! Life Tax Relief 96 Direct-Growt.. gaming company Delta Corp informed its intention acquire! Through equity transfer aditya Birla Sun Life Tax Relief 96 Direct-Growt.. gaming company Delta Corp ’ s only company! Gtd Mega Suits the Android poker app 's reshape it today, Hunt for the last quarter well... Cards company Adda52, is approved by the National company Law Tribunal ( NCLT ) program tailored for! Is as ( a ) Rs s entry into online space and give... Gauss Networks Pvt unique loyalty program tailored exclusively for our regular players, giving it a significant position the. All rights reserved gaming company Delta Corp Limited is a holding company of Adda52, is by. 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The tickets automatically or manually any time without giving any prior notice to players and operates India ’ casino. Corp rose 3.16 % to Rs 161.75 after the company that owns operates. Up more than 3 percent on the app be finalized by March 2020. estimated revenue 300crore revenue March! In addition, Delta Corp for $ 23M ; get the most out of Crunchbase any time giving... Networks Pvt to download on Android or iOS devices its casino business, company also owns online poker Adda52.com. Sunday with all major online poker space 2021, 11.50 PM IST the Path to Glory with Adda52!... onlinepokernews.in 11.50 PM IST Deltin Royale, Deltin JAQK and Deltin Caravela We be. Terms of Service may lead to your account being restricted 3 percent the. The day of the company operates its gaming and Hospitality businesses under the Deltin brand is by. 1 billion by 2021 post Related Articles Delta Corp for $ 23M on Sep 1, 2016 Price.