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. PE Ratio. 47.50%. 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 … Updated: Jan 05, 2021, 11.50 PM IST. 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. 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. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Delta Corp. announced its plans to acquire Adda52 in August 2016. Delta Corp is buying Gaussian Networks, one of India’s leading online gaming operators for around $22m. 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. The acquisition of the company will be divided partly […] In addition, Delta also owns online poker and cards company Adda52, giving it a significant position in the booming online gaming market. 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. Adda52 Advantage Adda52 Advantage is a unique loyalty program tailored exclusively for our regular players. You need to be more than 18 years old to play on adda52.com. 17.92. Copyright © 2019 - 2020 CricketPrediction.com. India’s largest casino 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. Try Pro Free . Download The Economic Times News App to get Daily Market Updates & Live Business News. Nazara is going to BUY ADDA 52 .com from Delta for estimated 1000crore by experts view. Send Link to Mobile. 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. 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. Enjoy the most thrilling non-stop Poker action. Delta Corp Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. 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? At the time, the hospitality company said it expected to pay INR47.30 crore (USD7.06 million) in … Chamath Palihapitiya – A refreshing voice in the world of Venture Capital . Number cruncher, avid reader, coffee connoisseur, book store hopper & Metallica fan. The company … Send Link to Mobile. A – Adda52 is the best application to download on Android or iOS devices. 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. Send Link to E-mail Address . 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. Earn great benefits and CRAZY returns such as rakebacks, huge bonuses, tournaments tickets, … Buy Reco % — Compare with Peers. Delta Corp: A pocket full of aces Jaydev Mody has become India’s casino czar by institutionalising Indians’ love for gambling. 2. 5 crore increase against the online gaming revenues from the last quarter as well as the September 2018 quarter. Transaction Name . Ltd., the company that owns and operates India’s largest poker site Adda52.com.. Adda52 was acquired by Delta Corp for $23M on Sep 1, 2016. USFDA warns against tweaking vaccine dosage. The transaction will be done partly through cash and partly through equity transfer. Delta Corp is expected to pay Rs. Dec 14, 2020 05:12 IST | capital market. Ltd., owner and operator of online poker brand Adda52.com. 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. Tomorrow is different. Your Reason has been Reported to the admin. By Aveek Datta, May 23, 2020. Choose your reason below and click on the Report button. Online rummy site by Delta Corp Ltd. PeersCompare with peers Wonderla Holidays Ltd. WONDERLA. A - You can play Ring games, Sit-N-Go, and MTT (Multi-table tournaments) with real money on the Android Poker App. Adda52 was acquired by Delta Corp for $23M on Sep 1, 2016. Adda52 Rummy Computer Games Gurugram, Haryana 432 followers We are the leading online rummy website in India. The consolidated turnover of Gauss and Gaussian for the last 3 financial years is as (a) Rs. Acquired by . deal will be finalized by March 2021. delta bought adda52 for 200 cr,so nearly 800 crore profit....wow . Send Link to Mobile. It currently own and operate casinos in Goa and Sikkim, offering approximately 1,800 gaming positions. 35.19 Crore for FY 2014-15; and (c) Rs. Number cruncher, avid reader, coffee connoisseur, book store hopper & Metallica fan. Delta Corp’s market leading poker site, Adda52 came out... onlinepokernews.in. Send Link to E-mail Address. As usual, headlining the action was 30 Lac GTD Mega Suits. Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. 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. 1 online poker website, will become a subsidiary of Delta. Delta Corp . Download Now. Ltd., the company that owns and operates India’s largest poker site Adda52.com. 1Y Return. Ltd., the company that owns and operates India’s largest poker site Adda52.com. 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. +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. WITH ITS SANDY BEACHES stretching alongside the Arabian Sea, chill vibes, and great food, Goa is a global holiday … Q - Can I play real money games on the app? According to GLaws, Delta Corp is expected to pay Rs. He now wants to future-proof brand Deltin by going international and growing in the online gaming space. 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 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. Adda52. 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. Get more out of Tickertape, Go Pro! 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. Sunday Majors: Jain Wins The First-Ever Big Game On Adda52; Grover & Gupta Among Other Big Winners! 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.” 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 12 PM to 10 PM. Download Now. 47.13 Crore for FY 2015-16; (b) Rs. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. Delta Corp Acquires Poker Site Adda52.com. About the author Saket Mehrotra. 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. … OPN NewsDesk January 11, 2021 It was a power-packed Sunday with all major online poker sites brimming with electrifying action. 15 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'. In its regulatory filing, Delta Corp noted: Pursuant to the proposed transaction, Gaussian Network Pvt. Next Post Related Articles With this transaction, Delta will widen its business horizon and increase its overall footprint, thereby consolidating its overall leadership position. This deal was done in Cash & Stock. Download Now. 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. 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. 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. Let's reshape it today, Hunt for the brightest engineers in India. 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. This deal was done in Cash & Stock. 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. 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 addition, Delta also owns online poker and cards company Adda52, giving it a significant position in the booming online gaming market. Delta Corp’s online gaming assets include online poker site Adda52.com, online rummy site Adda52rummy.com and online fantasy sports site LeagueAdda.com. 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. Adda52 is RNG certified by iTech labs, Australia for safe and legitimate gameplay. 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. 1800 572 0611. 200 crores. According to GLaws, Delta Corp is expected to pay Rs. “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. Walk The Path To Glory With The Adda52 Champions Leaderboard Promising 2 Crores In Guaranteed Prizes! Delta Corp Limited is a holding company engaged in the operation of casino. As per a recent report by Google-KPMG, the online gaming industry in India is expected to grow to $1 billion by 2021. This will alert our moderators to take action. Customer Care. Monday - Sunday. Adda 52 generated 200cr revenue by March 2020. estimated revenue 300crore revenue by jan2021. 1Y Return-19.32%. The acquisition of the company will be divided partly […] 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. Players & Pros 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. Signup & Win real money and other exciting cash bonuses. 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. PE Ratio-0.13. Adda52 Rummy Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. About the author Saket Mehrotra. We will be expiring the tickets automatically or manually. Delta Corp pleased with Adda52 contribution. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. Along with its casino business, company also owns Adda52 a leading online poker. 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. Seven expensive mistakes to avoid while participating in the capital markets. The transaction will be done partly through cash and partly through equity transfer. The aim of the company is to … 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! It is India’s only listed company engaged in casino (live, electronic and online) gaming. Announced Date Sep 1, 2016; Price $23M; Get the most out of Crunchbase . It is India’s only listed company engaged in casino (live, electronic and online) gaming. Seven expensive mistakes to avoid while participating in the capital markets. deal will be finalized by March 2021. delta bought adda52 for 200 cr,so nearly 800 crore profit....wow . Delta Corp, India’s premier casino operator having licenses in all casino destinations of the country ie Goa, Daman & Sikkim. 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. Days Trial. Delta Corp reported a marginal increase in its online gaming revenues from online poker and rummy website Adda52 to Rs. Delta Corp: A pocket full of aces Jaydev Mody has become India’s casino czar by institutionalising Indians’ love for gambling. Adda52 Companies in India Delta Corp Equity Investing Investing in India Jaydev Mody. 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. The acquisition of the company will be divided partly in cash and equity. Delta Corp Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. 1800 572 0611. At the time, the hospitality company said it expected to pay INR47.30 crore (USD7.06 million) in … Ltd., owner and operator of online poker brand Adda52.com. Entire gaming industry stands to gain from this. Download Now. 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. He now wants to future-proof brand Deltin by going international and growing in the online gaming space. 40.93 crores, which reflects around Rs. 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. As usual, headlining the action was 30 Lac GTD Mega Suits. Delta Corp. announced its plans to acquire Adda52 in August 2016. Have you read these stories? 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'. Ltd., the holding company of Adda52, is approved by the National Company Law Tribunal (NCLT). Mumbai: Delta Corp is acquiring Gauss Network, which owns Adda52.com, a poker site, in a part cash, part equity deal. Investors thought so, pushing its shares up more than 3 percent on the day of the announcement. Adda52.com reserves the right to modify or end this promotion at any time without giving any prior notice to players. 18.15 Crore for FY 2014-2015. India’s sole listed gaming company Delta Corp Friday acquired Gauss Network, the owners of poker site Adda52.com for an undisclosed amount. Delta Corporation Limited has confirmed it will be purchasing the Adda52 poker site following approval from Gaussian Networks. The value of the deal, according to reports, is over Rs 150 crore. Delta Corp Acquires 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 Days Trial WITH ITS SANDY BEACHES stretching alongside the Arabian Sea, chill vibes, and great food, Goa is a global holiday … Adda 52 generated 200cr revenue by March 2020. estimated revenue 300crore revenue by jan2021. 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. By Aveek Datta, May 23, 2020. It currently own and operate casinos in Goa and Sikkim, offering approximately 1,800 gaming positions. 155 crores. The Latest Startup News. Featuring at the top of this list is Mumbai-based game developer, Nazara Technologies, with whom Delta Corp already shares business interests. Violation of our Terms of Service may lead to your account being restricted. Adda52 Rummy Blogs, Comments and Archive News on Economictimes.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.” Mumbai: Delta Corp is acquiring Gauss Network, which owns Adda52.com, a poker site, in a part cash, part equity deal. Gaussian Networks operates brands such as Adda52.com, adda52mart.com and adda52rummy.com offering the Indian market not just online poker but rummy, scrabble, chess, pool and golf. Customer Care. … 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. The Company operates its gaming and hospitality businesses under the DELTIN brand. Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. Delta Corp. announced on Wednesday that it is acquiring 26 percent of shares in Gaussian Networks Pvt. Register now to play live rummy tournaments and win daily cash prize! Adda52 is India's largest online poker site. BREAKING. Online Poker site by Delta Corp Ltd. Adda52rummy. 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. It owns approximately three casinos in Goa, including Deltin Royale, Deltin JAQK and Deltin Caravela. You can download the Poker app directly from the website to install it on your smartphone. Buy Reco % — Imagicaaworld Entertainment Ltd. IMAGICAA. Delta Corp has completed the acquisition of Adda52 for INR 223.9 crore rupees. Investors thought so, pushing its shares up more than 3 percent on the day of the announcement. Suggestions to tweak dosage strategy to overcome a supply crunch are not rooted in solid … World Poker Tour To Partner With Delta Corp’s Adda52 For First Ever WPT Online India Series . 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. Its segments include Real Estate, Gaming, Hospitality and Others. According to GLaws, Delta Corp is expected to pay Rs. Entire gaming industry stands to gain from this. 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. World Poker Tour To Partner With Delta Corp’s Adda52 For First Ever WPT Online India Series . Customise key metrics, see detailed … In its note to the stock exchanges and shareholders, Delta Corp informed its intention to acquire 26% shares in Gauss Networks Pvt. Delta Corp Limited today announced its plans to acquire Gauss Network, which owns adda52.com, the company declared to exchanges. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Gaming company Delta Corp completes Adda52 Deal. Stay Connected. This will witness Delta’s entry into online space and will give it an instant leadership position in the online poker space. Delta Corp Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. 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 pleased with Adda52 contribution. 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. Download via missed call on 9700088844. 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 via missed call on 9700088844. 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. Ltd., owner and operator of online poker brand Adda52.com. Download Now. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. 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. 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. 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. 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. Chamath Palihapitiya – A refreshing voice in the world of Venture Capital . India’s sole listed gaming company Delta Corp Friday acquired Gauss Network, the owners of poker site Adda52.com for an undisclosed amount. , Comments and Archive News on Economictimes.com INR 223.9 crore rupees Delta Corp. announced its to... Gaming revenues from the website to install it on your smartphone well as the September quarter... You can download the Economic Times poker sites brimming with electrifying action Gaussian Networks, one of India ’ casino! Computer games Gurugram, Haryana 432 followers We are the leading online poker space list is Mumbai-based Game,... Cruncher, avid reader, coffee connoisseur, book store hopper & Metallica fan to. By Google-KPMG, the company that owns and operates India ’ s Adda52 for INR 223.9 crore.. Financial strength and flexibility to Delta a – Adda52 is the best application to on... Wins the First-Ever Big Game on Adda52 ; Grover & Gupta Among Other Big Winners Ever WPT online India.! 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