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Nazara shares tank 15% on real money gaming banNazara Technologies' shares plummeted after the Lok Sabha passed a bill banning real money gaming. The company clarified its indirect expos...- Head Digital Works to acquire Adda52 parent firm for Rs 491 croreHead Digital Works announced it will acquire Deltatech Gaming Ltd, the parent company of Adda52, for Rs 491 crore. The acquisition will occ...
- Virender Sehwag makes strategic investment in T9L QUBESome startups incubated by T9L and/or its co-founders Fahad Moti Khan and Gaurav Gaggar include Docquity, SpotDraft, Adda52, NirogStreet, U...
- Gaming firms offer to pick up tax bill to keep players hookedCompanies are subsidising tax liability on users through deposit offers and bonuses, say industry insiders.
- ETtech Deals Digest: Funding crunch in Indian startups continues as data shows 21-month lowsAccording to a report by CB Insights, VC funding in India hit a 21-month low in the July-September quarter with 387 deals bringing a paltry...
- Delta Corp subsidiary Deltatech Gaming files for Rs 550 crore IPOThe issue, of one rupee face value per equity share, consists of a fresh issue of shares worth up to Rs 300 crore and an offer-for-sale (OF...
- Big league awaits Indian online gaming firms in 2021Fundraising by Indian online gaming firms in 2021 is expected to surpass previous records as investors will look to make the most of people...
- Amit Burman's Poker Sports League goes digital ahead of third seasonOwned by Mind Sports League, the virtual tournament will be streamed over a 6-week window.
- Online gaming firms explore ways to keep users engagedThe overall size of the gaming market in India is pegged at under $1 billion compared to $150 billion worldwide. The average user spend is ...
- Real-money gaming firms make a bigger betCard-based games such as rummy and poker, from companies such as Adda52, RummyCircle and Ace2Three, were part of the first wave of realmone...
- PM inaugurates metro's Red Line extension to Ghaziabad; services to begin from SaturdayWith this new section, entirely elevated, the Delhi Metro forayed into the interiors of Ghaziabad for the first time, touching the industri...
- PokerStars India sees a straight flush, to bet Rs 30 crore to take the tableWorld’s largest online poker brand lines up funds to build brand awareness, expand category.
- Gaming startup Rummy Passion divests 51% stakeThis comes after two other poker and rummy online gaming portals Adda52 and Ace2Three were also acquired.
- Gaming company Delta Corp completes Adda52 DealAs per a recent report by Google-KPMG, the online gaming industry in India is expected to grow to $1 billion by 2021.
- Morality or money? Tobacco, liquor, casino stocks surge up to 225% in five yearsSome people consider buying liquor, cigarette or playing games in casino against their ethics.
- Matrix Partners earns 20 times returns after selling its stake in online rummy gaming companyThe venture capital firm is said to have made over Rs 257 crore on its seven-year-old investment, as the Canadian investment firm Clairvest...
- Corporate honchos put their money on Poker Sports LeaguePSL, the first of its kind league launched by Amit Burman of Dabur, has started the qualifying rounds, both online and live, where players ...
- India's poker startups industry worth $120 million slowly becoming a profit-making modelIt’s a patch start, but Karnataka, West Bengal and Nagaland are the only states to have given a clear verdict, classifying poker as a skill...
- Delta Corp may buy rummy website ace2three.com for $80-100 millionSources say Delta Corp on its part is keen to structure the buyout via conversion instruments, whereas ace2three.com might insist on a cash...
- Poker websites search for a straight flush at IITs nowWhile card games that involve more skill than luck are not considered gambling as per a Supreme Court ruling, apprehension over launching o...
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