Delta Corp is buying Gaussian Networks, one of India’s leading online gaming operators for around $22m.
Gaussian Networks operates brands such as Adda52.com, adda52mart.com and adda52rummy.com offering the Indian market not just online poker but rummy, scrabble, chess, pool and golf.
Adda52.com has a player database of more than 100,000 making it the largest online poker website in India.
Hardik Dhebar, Group CFO of Delta Corp, said “If you look at the worldwide market both the online as well as the onshore businesses have co-existed and both have grown whether it is Macau, whether it is Vegas, whether it is America, or South East Asia. So yes, the online space will grow, I am not denying that but I don’t think it cannibalizes or it will grow at the cost of the offline. I think the market is big enough for both to co-exist and grow at equal space.”
Delta Corp owns three of the six offshore casino licenses in Goa and operates a casino in Daman.
A number of states are considering legalising online gambling.