Gaming & hospitality firm buys Adda52 for $23 mn
Online poker and rummy gaming website Adda52.com was acquired by casino and hospitality operator Delta Corp on Wednesday for $23 million in a cash and stock deal. Delta Corp will initially acquire a 26% stake in Adda52's holding company Gaussian Networks and complete the transaction by June 2017. The five-year-old Kolkata-based startup was founded by IIT-Delhi alumnus Anuj Gupta.