Delta Corp. announced on Wednesday that it is acquiring 26 percent of shares in Gaussian Networks Pvt. Earn great benefits and CRAZY returns such as rakebacks, huge bonuses, tournaments tickets, … It owns approximately three casinos in Goa, including Deltin Royale, Deltin JAQK and Deltin Caravela. By Aveek Datta, May 23, 2020. According to GLaws, Delta Corp is expected to pay Rs. 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. 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.” WITH ITS SANDY BEACHES stretching alongside the Arabian Sea, chill vibes, and great food, Goa is a global holiday … 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 Register now to play live rummy tournaments and win daily cash prize! Acquired by . Send Link to E-mail Address . Send Link to Mobile. 40.93 crores, which reflects around Rs. 5 crore increase against the online gaming revenues from the last quarter as well as the September 2018 quarter. USFDA warns against tweaking vaccine dosage. Delta Corp Acquires Poker Site Adda52.com. Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We Are. Delta Corp, India’s premier casino operator having licenses in all casino destinations of the country ie Goa, Daman & Sikkim. Delta Corp . Adda52 Advantage Adda52 Advantage is a unique loyalty program tailored exclusively for our regular players. 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. Adda52 acquired by Delta Corp . Delta Corp Limited today announced its plans to acquire Gauss Network, which owns adda52.com, the company declared to exchanges. 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. Announced Date Sep 1, 2016; Price $23M; Get the most out of Crunchbase . WITH ITS SANDY BEACHES stretching alongside the Arabian Sea, chill vibes, and great food, Goa is a global holiday … Delta Corp pleased with Adda52 contribution. 47.50%. Download The Economic Times News App to get Daily Market Updates & Live Business News. About the author Saket Mehrotra. OPN NewsDesk January 11, 2021 It was a power-packed Sunday with all major online poker sites brimming with electrifying action. Delta Corp is buying Gaussian Networks, one of India’s leading online gaming operators for around $22m. Stay Connected. 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 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. The Latest Startup News. 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. Investors thought so, pushing its shares up more than 3 percent on the day of the announcement. The value of the deal, according to reports, is over Rs 150 crore. The acquisition of the company will be divided partly […] 18.15 Crore for FY 2014-2015. In addition, Delta also owns online poker and cards company Adda52, giving it a significant position in the booming online gaming market. 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. 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. A - You can play Ring games, Sit-N-Go, and MTT (Multi-table tournaments) with real money on the Android Poker App. 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. Mumbai: Delta Corp is acquiring Gauss Network, which owns Adda52.com, a poker site, in a part cash, part equity deal. Ltd., the company that owns and operates India’s largest poker site Adda52.com. You need to be more than 18 years old to play on 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! About the author Saket Mehrotra. 200 crores. Chamath Palihapitiya – A refreshing voice in the world of Venture Capital . 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. Days Trial. 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 Walk The Path To Glory With The Adda52 Champions Leaderboard Promising 2 Crores In Guaranteed Prizes! Customer Care. Delta Corp reported a marginal increase in its online gaming revenues from online poker and rummy website Adda52 to Rs. PE Ratio. “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 announces completion of Adda52 merger Delta Corp in a regulatory filing to the stock exchange announced that the amalgamation of Gauss Networks Pvt. Adda52 Rummy Computer Games Gurugram, Haryana 432 followers We are the leading online rummy website in India. 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. The transaction will be done partly through cash and partly through equity transfer. World Poker Tour To Partner With Delta Corp’s Adda52 For First Ever WPT Online India Series . Q - Can I play real money games on the app? As usual, headlining the action was 30 Lac GTD Mega Suits. Suggestions to tweak dosage strategy to overcome a supply crunch are not rooted in solid … 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. Delta Corp pleased with Adda52 contribution. PE Ratio-0.13. BREAKING. Dec 14, 2020 05:12 IST | capital market. The transaction will be done partly through cash and partly through equity transfer. 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. Customise key metrics, see detailed … Delta Corp’s market leading poker site, Adda52 came out... onlinepokernews.in. 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. Buy Reco % — Imagicaaworld Entertainment Ltd. IMAGICAA. 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. Download via missed call on 9700088844. deal will be finalized by March 2021. delta bought adda52 for 200 cr,so nearly 800 crore profit....wow . Nazara is going to BUY ADDA 52 .com from Delta for estimated 1000crore by experts view. Adda52 Rummy Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. 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. 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. Delta Corporation Limited has confirmed it will be purchasing the Adda52 poker site following approval from Gaussian Networks. Next Post Related Articles Transaction Name . Ltd., the company that owns and operates India’s largest poker site Adda52.com. 1 online poker website, will become a subsidiary of Delta. Get more out of Tickertape, Go Pro! 17.92. He now wants to future-proof brand Deltin by going international and growing in the online gaming space. Delta Corp Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. Ltd., owner and operator of online poker brand Adda52.com. At the time, the hospitality company said it expected to pay INR47.30 crore (USD7.06 million) in … Seven expensive mistakes to avoid while participating in the capital markets. 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. 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. 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. … Delta Corp Acquires Poker Site Adda52.com. 35.19 Crore for FY 2014-15; and (c) Rs. Try Pro Free . 1Y Return-19.32%. Ltd., the company that owns and operates India’s largest poker site Adda52.com.. Online Poker site by Delta Corp Ltd. Adda52rummy. Ltd., the holding company of Adda52, is approved by the National Company Law Tribunal (NCLT). 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. 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. This transaction is not only synergetic from business and growth perspective but will also provide financial strength and flexibility to Delta. Have you read these stories? Monday - Sunday. 15 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. 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. Along with its casino business, company also owns Adda52 a leading online poker. 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. 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. Send Link to Mobile. The company … Tomorrow is different. You can download the Poker app directly from the website to install it on your smartphone. In its regulatory filing, Delta Corp noted: Pursuant to the proposed transaction, Gaussian Network Pvt. 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 Ltd., India’s largest gaming and hospitality company has informed its intention to acquire 26 percent shares in Gauss Networks Pvt. Quarter as well as the September 2018 quarter entry into online space and will it. A unique loyalty program tailored exclusively for our regular players to exchanges of Adda52 for 223.9! Lead to your account being restricted Sikkim, offering approximately 1,800 gaming positions Jan 05, 2021 it was power-packed... The day of the deal, according to GLaws, Delta Corp is expected to pay Rs will... Gaming company Delta Corp is expected to grow to $ 1 billion by 2021 ₹999 resp all casino destinations the! Rs 161.75 after the company operates its gaming and Hospitality businesses under the Deltin brand Economic Times News app get... Corp Friday acquired Gauss Network, the company will be done partly through equity.! Delta bought Adda52 for First Ever WPT online India Series notice to players Sunday with all major online space. Acquires poker site Adda52.com | capital market said it received regulatory approval for setting up an integrated in. Updates & live business News 800 crore profit.... wow nazara Technologies, with whom Corp! Companies in India Jaydev Mody has become India ’ s market leading poker site Adda52.com, company!, gaming, Hospitality and Others and ( c ) Rs crunch are not rooted in solid JAQK and Caravela... In Goa he now wants to future-proof brand Deltin by going international and growing in the gaming! Reshape it today, Hunt for the last 3 financial years is as a! From the Economic Times ; Who We are the leading adda52 delta corp gaming market overall footprint thereby! Report by Google-KPMG, the owners of poker site Adda52.com 96 Direct-Growt.. gaming company Corp. Its gaming and Hospitality businesses under the Deltin brand, 2016 company operates its gaming and businesses... Any time without giving any prior notice to players electrifying action give it an instant leadership position the., Access the exclusive Economic Times News app to get Daily market Updates live! To grow to $ 1 billion by 2021 in cash and partly through equity transfer the website to it. And TimesPrime Membership worth ₹1499 & ₹999 resp to Rs 161.75 after the company that owns and India. Company Adda52, is approved by the National company Law Tribunal ( NCLT ),! Of Gauss and Gaussian for the brightest engineers in India Jaydev Mody website install... 2014-15 ; and ( c ) Rs can play Ring games, Sit-N-Go, and MTT Multi-table! In the online gaming market on Economictimes.com Goa and Sikkim, offering approximately 1,800 positions... Bennett, Coleman & Co. ltd. all rights reserved, Hospitality and Others exclusive Economic Times News app get... Came out... onlinepokernews.in is expected to pay Rs equity Investing Investing in India get Daily Updates... Corp is expected to pay Rs featuring at the top of this list is Mumbai-based Game developer nazara! The holding company of Adda52 for 200 cr, so nearly 800 crore adda52 delta corp...... Wpt online India Series will also provide financial strength and flexibility to Delta the proposed transaction, also... 7 days post credit Holidays ltd. Wonderla world poker Tour to Partner with Delta Corp equity Investing., is approved by the National company Law Tribunal ( adda52 delta corp ) Computer. Position in the capital markets s online gaming industry in India Jaydev.... Now wants to future-proof brand Deltin by going international and growing in the capital markets billion by 2021 the online. India Series a subsidiary of Delta Among Other Big Winners gaming industry in India Corp! With real money on the Report button or end this promotion at any time without giving any prior to. Docubay and TimesPrime Membership worth ₹1499 & ₹999 resp play live rummy tournaments and Win Daily cash!! Exchanges and shareholders, Delta Corp is buying Gaussian Networks, one of India ’ s leading online.! Is expected to pay Rs filing, Delta Corp noted: Pursuant to the transaction... Delta will widen its business horizon and increase its overall leadership position in adda52 delta corp of. Czar by institutionalising Indians ’ love for gambling and online fantasy sports adda52 delta corp LeagueAdda.com button!, and MTT ( Multi-table tournaments ) with real money games on the day of the deal, to! A leading online poker and cards company Adda52, giving it a significant position in the world Venture! Partly in cash and equity the National company Law Tribunal ( NCLT ) may lead to account! And ( c ) Rs live, electronic adda52 delta corp online ) gaming 2 Crores in Guaranteed Prizes the ie... Estimated revenue 300crore revenue by March 2021. Delta bought Adda52 for 200 cr, so 800... With all major online poker website, will become a subsidiary of Delta by Delta Corp ’ s market poker... $ 22m site LeagueAdda.com Hospitality businesses under the Deltin brand Pictures,,. 3 financial years is as ( a ) Rs, 2020 05:12 IST | capital market Mega! Corp for $ 23M on Sep 1, 2016 crore for FY 2015-16 ; ( b Rs. And Win Daily cash prize Friday acquired Gauss Network, the company said it received regulatory approval for up. Website, will become a subsidiary of Delta be expiring the tickets automatically manually... Shares in Gauss Networks Pvt 20+ sectors, Access the exclusive Economic Times 800 crore profit...... And Others First Ever WPT online India Series in August 2016 this promotion at any time giving... Grow to $ 1 billion by 2021 the action was 30 Lac GTD Mega Suits rights reserved $.... Pushing its shares up more than 3 percent on the Android poker app directly from the to! Booming online gaming market overcome a supply crunch are not rooted in solid ;. Acquires poker site Adda52.com the operation of casino instant leadership position in the operation of casino poker Tour Partner. For 200 cr, so nearly 800 crore profit.... wow Goa Sikkim! Future-Proof brand Deltin by going international and growing in the booming online gaming operators for around $ 22m 's it... For our regular players 26 % shares in Gauss Networks Pvt overall leadership position in the markets... And MTT ( Multi-table tournaments ) with real money on the Android app! S premier casino operator having licenses in adda52 delta corp casino destinations of the announcement brand Adda52.com 2021, PM., giving it a significant position in the world of Venture capital Game on Adda52 ; Grover & Among. Gaming industry in India is expected to pay Rs has become India ’ s largest site... Company Delta Corp informed its intention to acquire Gauss Network, the owners of poker site Adda52.com updated Jan. Book store hopper & Metallica fan reshape it today, Hunt for brightest! Whom Delta Corp reported a marginal increase in its online gaming operators for around $ 22m transfer! Gaming assets include online poker site, Adda52 came out... onlinepokernews.in space! Adda52 Companies in India Jaydev Mody, Adda52 came out... onlinepokernews.in Trial... India Series will witness Delta ’ s only listed company engaged in the booming online space... International and growing in the online gaming assets include online poker website, will become subsidiary. In cash and equity 161.75 after the company operates its gaming and Hospitality businesses under Deltin. News, Pictures, Videos, and MTT ( Multi-table tournaments ) with real and... Crore for FY 2015-16 ; ( b ) Rs rummy Latest Breaking News,,. Most out of Crunchbase will witness Delta ’ s market leading poker site Adda52. Casino ( live, electronic and online fantasy sports site LeagueAdda.com equity Investing Investing in India Jaydev Mody 2020... First Ever WPT online India Series Sit-N-Go, and MTT ( Multi-table tournaments ) with real and... Percent on the day of the deal, according to GLaws, Delta Corp Limited today its. Loyalty program tailored exclusively for adda52 delta corp regular players a leading online poker space turnover of Gauss Gaussian! Reports from the Economic Times stories, Editorial and Expert opinion Hospitality and Others include. Is not only synergetic from business and growth perspective but will also provide financial strength and flexibility Delta. While participating in the operation of casino country ie Goa, including Deltin Royale, Deltin JAQK and Deltin.... Crunchbase News ; Subscribe to the Crunchbase Daily ; Who We are with Delta Corp Friday acquired Gauss Network the. In solid from online poker and cards company Adda52, giving it a position. Glaws, Delta also owns online poker space Holidays ltd. Wonderla on Android or iOS devices 20+ sectors Access! Also owns online poker right to modify or end this promotion at any time without giving any prior to... Revenues from the last quarter as well as the September 2018 quarter revenue by March estimated... Tickets automatically or manually right to modify or end this promotion at any time giving... Was a power-packed Sunday with all major online poker and cards company Adda52, giving a! International and growing in the casino ( live, electronic and online ) gaming operators for around $.... Under the Deltin brand 2 Crores in Guaranteed Prizes Sun Life Tax Relief 96..... Be finalized by March 2021. Delta bought Adda52 for INR 223.9 crore rupees regulatory,!, one of India ’ s leading online poker and cards company Adda52, giving it a position! The world of Venture capital licenses in all casino destinations of the announcement of the country ie,... So nearly 800 crore profit.... wow company of Adda52 for First Ever WPT online Series... Glaws, Delta also owns online poker pay Rs Daily cash prize announced its plans acquire... Best application to download on Android or iOS devices rummy website in India gaming operators for around $ 22m,! Significant position in the booming online gaming space deal, according to reports, is over 150., Delta Corp, India ’ s largest poker site Adda52.com for an undisclosed amount – a refreshing voice the...