Gaussian Networks Pvt Ltd's online gaming website Adda52 that lets Indians play rummy and Poker is looking to expand its operations to the global market. However, it is currently not able to go ahead with its plans, due to the regulatory restrictions on foreign exchange. Adda52 CEO Anuj Gupta told MediaNama that many of their (Indian) customers want to play with gamers outside, and the site wants to work towards creating a proper legal framework to facilitate this. The issue, largely, is with restrictions on flow of currency. "There are a lot of things we can do with Indians living in India, but not with people abroad. Our domain happens to be one of them, but that's the nature of our law. Our currency is not fully convertible (one needs the permission of the Reserve Bank of India to convert large amounts of rupees to any other international currency) and in the future when Indian Rupee becomes fully convertible international currency we will take the website international. So we are not keeping a time limit for our international plans," Gupta says. Adda52 says it has more than two lakh registered users, but Gupta refused to divulge the exact number of active users. Most of its players are from the south (of India), especially from Bangalore, Chennai, Hyderabad, Goa and Mumbai, and mostly in the 25-50 age group. The company makes money by takes a small cut of 2-5% on every winning hand. Legal hurdles & Cash Points When the company was set up in 2011, it had approached…
