Delta Corp to acquire Adda52 for $27 million

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. Ltd., the company that owns and operates India’s largest poker site Adda52.com.

The acquisition of the company will be divided partly in cash and equity.

The acquisition will cost the company, which also runs casinos, around Rs Rs 47.3 crore in cash. This transaction is not only synergetic from business and growth perspective but will also provide financial strength and flexibility to Delta.

Founded by IIT-Delhi alumnus Anuj Gupta, Gurgaon firm Gaussian Network is an online firm that claims to specialise in games like rummy, poker, chess, scrabble, golf and pool among others.

It has products including adda52.com, adda52rummy.com and adda52mart.com to offer online versions of card games and also related products.

Earlier, Gupta had worked at HCL Technologies, Infosys, Ingersoll Rand and TCS. In between he also co-founded automation and security technology solutions start up Zentrum Technologies in 2008.

The company claims that Deltin Royale is currently India’s largest offshore gaming vessel with 950 gaming positions across 116 tables and 250 slot machines. Besides, the company also operates Deltin Suites, a Casino Hotel in Goa.

In 2014, Delta Corp launched THE DELTIN in Daman, which it claims to be India’s largest integrated casino resort, located at close proximity along the Mumbai – Ahmadabad route.