Delta Corp has completed the acquisition of Adda52 for INR 223.9 crore rupees. 200 crores. Monday - Sunday. Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. Delta Corp Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. The aim of the company is to … Delta Corp’s market leading poker site, Adda52 came out... onlinepokernews.in. We will be expiring the tickets automatically or manually. 155 crores. 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.” 1Y Return. 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. Mumbai: Delta Corp is acquiring Gauss Network, which owns Adda52.com, a poker site, in a part cash, part equity deal. “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. According to GLaws, Delta Corp is expected to pay Rs. Delta Corp’s online gaming assets include online poker site Adda52.com, online rummy site Adda52rummy.com and online fantasy sports site LeagueAdda.com. As usual, headlining the action was 30 Lac GTD Mega Suits. Adda52 Rummy Blogs, Comments and Archive News on Economictimes.com. Number cruncher, avid reader, coffee connoisseur, book store hopper & Metallica fan. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. USFDA warns against tweaking vaccine dosage. Adda52 Advantage Adda52 Advantage is a unique loyalty program tailored exclusively for our regular players. The consolidated turnover of Gauss and Gaussian for the last 3 financial years is as (a) 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. In addition, Delta also owns online poker and cards company Adda52, giving it a significant position in the booming online gaming market. It currently own and operate casinos in Goa and Sikkim, offering approximately 1,800 gaming positions. He now wants to future-proof brand Deltin by going international and growing in the online gaming space. In its note to the stock exchanges and shareholders, Delta Corp informed its intention to acquire 26% shares in Gauss Networks Pvt. Adda52 acquired by Delta Corp . 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. 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? Delta Corp. announced its plans to acquire Adda52 in August 2016. Choose your reason below and click on the Report button. Download The Economic Times News App to get Daily Market Updates & Live Business News. Delta Corp, India’s premier casino operator having licenses in all casino destinations of the country ie Goa, Daman & Sikkim. World Poker Tour To Partner With Delta Corp’s Adda52 For First Ever WPT Online India Series . 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. 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. According to GLaws, Delta Corp is expected to pay Rs. 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'. Days Trial. Try Pro Free . 1800 572 0611. Seven expensive mistakes to avoid while participating in the capital markets. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. As per a recent report by Google-KPMG, the online gaming industry in India is expected to grow to $1 billion by 2021. 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. With this transaction, Delta will widen its business horizon and increase its overall footprint, thereby consolidating its overall leadership position. Your Reason has been Reported to the admin. Days Trial Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. 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 rose 3.16% to Rs 161.75 after the company said it received regulatory approval for setting up an integrated resort in Goa. Adda52 is India's largest online poker site. Chamath Palihapitiya – A refreshing voice in the world of Venture Capital . This deal was done in Cash & Stock. About the author Saket Mehrotra. 15 WITH ITS SANDY BEACHES stretching alongside the Arabian Sea, chill vibes, and great food, Goa is a global holiday … Adda52 Companies in India Delta Corp Equity Investing Investing in India Jaydev Mody. 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 transaction will be done partly through cash and partly through equity transfer. deal will be finalized by March 2021. delta bought adda52 for 200 cr,so nearly 800 crore profit....wow . 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. Adda52 was acquired by Delta Corp for $23M on Sep 1, 2016. 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. 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. Ltd., the company that owns and operates India’s largest poker site Adda52.com. 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. 35.19 Crore for FY 2014-15; and (c) Rs. Ltd., owner and operator of online poker brand 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. Adda52 is RNG certified by iTech labs, Australia for safe and legitimate gameplay. Ltd., owner and operator of online poker brand Adda52.com. The Latest Startup News. 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. Register now to play live rummy tournaments and win daily cash prize! Send Link to Mobile. Send Link to Mobile. Transaction Name . 47.13 Crore for FY 2015-16; (b) Rs. 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 Buy Reco % — Imagicaaworld Entertainment Ltd. IMAGICAA. India’s sole listed gaming company Delta Corp Friday acquired Gauss Network, the owners of poker site Adda52.com for an undisclosed amount. PE Ratio-0.13. BREAKING. 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 Mobile. 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 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 Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. The validity of the tickets and BB is 7 days post credit. Adda 52 generated 200cr revenue by March 2020. estimated revenue 300crore revenue by jan2021. Investors thought so, pushing its shares up more than 3 percent on the day of the announcement. 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 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. Announced Date Sep 1, 2016; Price $23M; Get the most out of Crunchbase . Number cruncher, avid reader, coffee connoisseur, book store hopper & Metallica fan. Customise key metrics, see detailed … Online Poker site by Delta Corp Ltd. Adda52rummy. Players & Pros Sunday Majors: Jain Wins The First-Ever Big Game On Adda52; Grover & Gupta Among Other Big Winners! It currently own and operate casinos in Goa and Sikkim, offering approximately 1,800 gaming positions. 1800 572 0611. PE Ratio. 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. 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. 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. Its segments include Real Estate, Gaming, Hospitality and Others. 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. 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. Entire gaming industry stands to gain from this. According to GLaws, Delta Corp is expected to pay Rs. 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. Delta Corp. announced its plans to acquire Adda52 in August 2016. Next Post Related Articles Walk The Path To Glory With The Adda52 Champions Leaderboard Promising 2 Crores In Guaranteed Prizes! Download Now. Featuring at the top of this list is Mumbai-based game developer, Nazara Technologies, with whom Delta Corp already shares business interests. Adda52 Rummy Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Delta Corp is buying Gaussian Networks, one of India’s leading online gaming operators for around $22m. Let's reshape it today, Hunt for the brightest engineers in India. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Gaming company Delta Corp completes Adda52 Deal. At the time, the hospitality company said it expected to pay INR47.30 crore (USD7.06 million) in … Adda 52 generated 200cr revenue by March 2020. estimated revenue 300crore revenue by jan2021. Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. The acquisition of the company will be divided partly […] Chamath Palihapitiya – A refreshing voice in the world of Venture Capital . It owns approximately three casinos in Goa, including Deltin Royale, Deltin JAQK and Deltin Caravela. 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. Customer Care. Delta Corp Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. You can download the Poker app directly from the website to install it on your smartphone. Get more out of Tickertape, Go Pro! … 5 crore increase against the online gaming revenues from the last quarter as well as the September 2018 quarter. Updated: Jan 05, 2021, 11.50 PM IST. 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. 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. Ltd., the company that owns and operates India’s largest poker site Adda52.com.. This will alert our moderators to take action. Delta Corp Acquires Poker Site Adda52.com. Stay Connected. 12 PM to 10 PM. Mumbai: Delta Corp is acquiring Gauss Network, which owns Adda52.com, a poker site, in a part cash, part equity deal. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. Entire gaming industry stands to gain from this. Leading law firm AZB & Partners is believed to have advised Delta Corp in the deal while Khaitan & Co. and Gaggar & Associates have acted on behalf of Gaussian Networks and its promoters. 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. This deal was done in Cash & Stock. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. This transaction is not only synergetic from business and growth perspective but will also provide financial strength and flexibility to Delta. The value of the deal, according to reports, is over Rs 150 crore. 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.” 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. This will witness Delta’s entry into online space and will give it an instant leadership position in the online poker space. Tomorrow is different. It is India’s only listed company engaged in casino (live, electronic and online) gaming. Adda52. 1 online poker website, will become a subsidiary of Delta. The transaction will be done partly through cash and partly through equity transfer. 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. Download Now. 17.92. 18.15 Crore for FY 2014-2015. Delta Corp pleased with Adda52 contribution. 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. Suggestions to tweak dosage strategy to overcome a supply crunch are not rooted in solid … Ltd., owner and operator of online poker brand Adda52.com. 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. Download Now. Buy Reco % — Compare with Peers. 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.
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