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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. Investors thought so, pushing its shares up more than 3 percent on the day of the announcement. 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. This deal was done in Cash & Stock. 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. 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. 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. Tomorrow is different. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. The transaction will be done partly through cash and partly through equity transfer. Transaction Name . A - You can play Ring games, Sit-N-Go, and MTT (Multi-table tournaments) with real money on the Android Poker App. At the time, the hospitality company said it expected to pay INR47.30 crore (USD7.06 million) in … 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. 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. 2. 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 is one of India’s largest company in physical gaming, wheres Adda 52 is among the most visited online destination for rummy and poker. 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. Download Now. It currently own and operate casinos in Goa and Sikkim, offering approximately 1,800 gaming positions. Suggestions to tweak dosage strategy to overcome a supply crunch are not rooted in solid … Have you read these stories? 1 online poker website, will become a subsidiary of Delta. Adda52. It is India’s only listed company engaged in casino (live, electronic and online) gaming. By Aveek Datta, May 23, 2020. As per a recent report by Google-KPMG, the online gaming industry in India is expected to grow to $1 billion by 2021. 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. Online rummy site by Delta Corp Ltd. PeersCompare with peers Wonderla Holidays Ltd. WONDERLA. 200 crores. 1800 572 0611. 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. At the time, the hospitality company said it expected to pay INR47.30 crore (USD7.06 million) in … Customer Care. Days Trial. It owns approximately three casinos in Goa, including Deltin Royale, Deltin JAQK and Deltin Caravela. Q - Can I play real money games on the app? Send Link to Mobile. 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. 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, the leading gaming and hospitality company in India, expanding gaming related businesses throughout India with a focus on Goa and the Indian online market. 35.19 Crore for FY 2014-15; and (c) Rs. 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. Entire gaming industry stands to gain from this. Enjoy the most thrilling non-stop Poker action. India’s sole listed gaming company Delta Corp Friday acquired Gauss Network, the owners of poker site Adda52.com for an undisclosed amount. 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. The aim of the company is to … Delta Corp: A pocket full of aces Jaydev Mody has become India’s casino czar by institutionalising Indians’ love for gambling. Get more out of Tickertape, Go Pro! 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. PE Ratio-0.13. Send Link to E-mail Address. 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., owner and operator of online poker brand Adda52.com. 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. You can download the Poker app directly from the website to install it on your smartphone. USFDA warns against tweaking vaccine dosage. This transaction is not only synergetic from business and growth perspective but will also provide financial strength and flexibility to Delta. 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. Delta Corp pleased with Adda52 contribution. He now wants to future-proof brand Deltin by going international and growing in the online gaming space. Delta Corp Acquires Poker Site Adda52.com. Number cruncher, avid reader, coffee connoisseur, book store hopper & Metallica fan. Adda52 was acquired by Delta Corp for $23M on Sep 1, 2016. Delta Corp Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. We will be expiring the tickets automatically or manually. The validity of the tickets and BB is 7 days post credit. 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. The acquisition of the company will be divided partly […] Delta Corp Acquires Poker Site Adda52.com. Choose your reason below and click on the Report button. Days Trial 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. 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. 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. The value of the deal, according to reports, is over Rs 150 crore. 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? The Latest Startup News. 155 crores. Buy Reco % — Compare with Peers. 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 … In its note to the stock exchanges and shareholders, Delta Corp informed its intention to acquire 26% shares in Gauss Networks Pvt. With this transaction, Delta will widen its business horizon and increase its overall footprint, thereby consolidating its overall leadership position. BREAKING. Ltd., the holding company of Adda52, is approved by the National Company Law Tribunal (NCLT). Entire gaming industry stands to gain from this. Stay Connected. Download via missed call on 9700088844. “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. Delta Corp is expected to pay Rs. Investors thought so, pushing its shares up more than 3 percent on the day of the announcement. 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. deal will be finalized by March 2021. delta bought adda52 for 200 cr,so nearly 800 crore profit....wow . 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. Announced Date Sep 1, 2016; Price $23M; Get the most out of Crunchbase . Adda 52 generated 200cr revenue by March 2020. estimated revenue 300crore revenue by jan2021. 18.15 Crore for FY 2014-2015. Delta Corp Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. Featuring at the top of this list is Mumbai-based game developer, Nazara Technologies, with whom Delta Corp already shares business interests. 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. Seven expensive mistakes to avoid while participating in the capital markets. 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. Let's reshape it today, Hunt for the brightest engineers in India. 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. Adda52 Rummy Computer Games Gurugram, Haryana 432 followers We are the leading online rummy website 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.” Seven expensive mistakes to avoid while participating in the capital markets. 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. 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 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. Register now to play live rummy tournaments and win daily cash prize! According to GLaws, Delta Corp is expected to pay Rs. Adda52.com reserves the right to modify or end this promotion at any time without giving any prior notice to players. Chamath Palihapitiya – A refreshing voice in the world of Venture Capital . A – Adda52 is the best application to download on Android or iOS devices. 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