I personally would have taken position in Delta if there online arm Adda52 was doing well. Coz thats one area they can expand tremendously in future as market is ripe for poker a sport to grow. I have been in the poker space for 10 years and i think i understand the space some what. Adda52 is one of the poker sites where in most of the top management doesnt even know the game. Poker used to be a small community and all that was needed was a customer centric approach… they just never cared… made policies in corporate meeting rooms without understanding what players want. Poker baazis management are all players themselves and they sucked the market share out of adda52 and now are doing brilliantly even in a tough gst scenario. I just dnt see add52 doing anything good and is losing more and more space day by day. Adda52 basically spent a lot in promoting poker as sport by doing events in companies and colleges accross the country but sites like baazi took advantage of the new folks coming in. And without a good online presence i dnt see much future in the gaming space for delta. And hence am nt entering this stock even at present pricing.
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