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%. 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 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’s intention to acquire Adda52 was first announced in October 2016, while shareholders gave the green light for the merger in March this year. USFDA warns against tweaking vaccine dosage. Download via missed call on 9700088844. 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 buying Gaussian Networks, one of India’s leading online gaming operators for around $22m. 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 has completed the acquisition of Adda52 for INR 223.9 crore rupees. 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. It currently own and operate casinos in Goa and Sikkim, offering approximately 1,800 gaming positions. 40.93 crores, which reflects around Rs. 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. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. The transaction will be done partly through cash and partly through equity transfer. Delta Corp, India’s premier casino operator having licenses in all casino destinations of the country ie Goa, Daman & Sikkim. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. Gaming company Delta Corp completes Adda52 Deal. 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 … 155 crores. India’s largest casino Mumbai: Delta Corp is acquiring Gauss Network, which owns Adda52.com, a poker site, in a part cash, part equity deal. Ltd., owner and operator of online poker brand Adda52.com. 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. Customer Care. Announced Date Sep 1, 2016; Price $23M; Get the most out of Crunchbase . The aim of the company is to … The acquisition of the company will be divided partly in cash and equity. Adda52 Companies in India Delta Corp Equity Investing Investing in India Jaydev Mody. Adda52 Rummy Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. 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. Adda 52 generated 200cr revenue by March 2020. estimated revenue 300crore revenue by jan2021. 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. Let's reshape it today, Hunt for the brightest engineers in India. 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 addition, Delta also owns online poker and cards company Adda52, giving it a significant position in the booming online gaming market. Adda52 was acquired by Delta Corp for $23M on Sep 1, 2016. Delta Corp. announced on Wednesday that it is acquiring 26 percent of shares in Gaussian Networks Pvt. Featuring at the top of this list is Mumbai-based game developer, Nazara Technologies, with whom Delta Corp already shares business interests. A – Adda52 is the best application to download on Android or iOS devices. 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. 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. 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. Adda52 Rummy Blogs, Comments and Archive News on Economictimes.com. Delta Corporation Limited has confirmed it will be purchasing the Adda52 poker site following approval from Gaussian Networks. Adda52 was acquired by Delta Corp for $23M on Sep 1, 2016. Online rummy site by Delta Corp Ltd. PeersCompare with peers Wonderla Holidays Ltd. WONDERLA. BREAKING. India’s sole listed gaming company Delta Corp Friday acquired Gauss Network, the owners of poker site Adda52.com for an undisclosed amount. 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 Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. Download Now. Enjoy the most thrilling non-stop Poker action. Delta Corp Acquires Poker Site Adda52.com. 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. He now wants to future-proof brand Deltin by going international and growing in the online gaming space. … 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. Transaction Name . 15 deal will be finalized by March 2021. delta bought adda52 for 200 cr,so nearly 800 crore profit....wow . 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. He now wants to future-proof brand Deltin by going international and growing in the online gaming space. Delta Corp is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. With this transaction, Delta will widen its business horizon and increase its overall footprint, thereby consolidating its overall leadership position. Buy Reco % — Compare with Peers. 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. Monday - Sunday. About the author Saket Mehrotra. As usual, headlining the action was 30 Lac GTD Mega Suits. 2. Customise key metrics, see detailed … 35.19 Crore for FY 2014-15; and (c) Rs. Suggestions to tweak dosage strategy to overcome a supply crunch are not rooted in solid … Adda52 is RNG certified by iTech labs, Australia for safe and legitimate gameplay. 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 is the only listed company engaged in the casino (live, electronic and online) gaming industry in India. Signup & Win real money and other exciting cash bonuses. OPN NewsDesk January 11, 2021 It was a power-packed Sunday with all major online poker sites brimming with electrifying action. 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. Adda52.com reserves the right to modify or end this promotion at any time without giving any prior notice to players. Ltd., owner and operator of online poker brand Adda52.com. The acquisition of the company will be divided partly […] Ltd., the holding company of Adda52, is approved by the National Company Law Tribunal (NCLT). 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. Send Link to E-mail Address . World Poker Tour To Partner With Delta Corp’s Adda52 For First Ever WPT Online India Series . Stay Connected. This deal was done in Cash & Stock. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. Delta Corp is expected to pay Rs. 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. Violation of our Terms of Service may lead to your account being restricted. Send Link to Mobile. Days Trial. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. deal will be finalized by March 2021. delta bought adda52 for 200 cr,so nearly 800 crore profit....wow . This transaction is not only synergetic from business and growth perspective but will also provide financial strength and flexibility to Delta. 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. Delta Corp . Send Link to Mobile. The Company operates its gaming and hospitality businesses under the DELTIN brand. Tomorrow is different. Walk The Path To Glory With The Adda52 Champions Leaderboard Promising 2 Crores In Guaranteed Prizes! 1800 572 0611. 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. Entire gaming industry stands to gain from this. Acquired by . 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. 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. WITH ITS SANDY BEACHES stretching alongside the Arabian Sea, chill vibes, and great food, Goa is a global holiday … 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. Delta Corp Limited today announced its plans to acquire Gauss Network, which owns adda52.com, the company declared to exchanges. Days Trial Company operates its gaming and Hospitality businesses under the Deltin brand in and. Game developer, nazara Technologies, with whom Delta Corp is expected to grow to $ 1 billion 2021. Choose your reason below and click on the day of the announcement resort in and. Post Related Articles Delta Corp, India ’ s sole listed gaming company Delta Corp noted: Pursuant to stock... 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