Delta Corporation Set to Transfer Ownership of Adda52's Parent Company for Approximately ₹491 Crore
BREAKING: Adda52's Parent Company Sold to A23 Poker's Parent Company
Bloody hell, the world of Indian online gaming just got a seismic shakeup! Delta Corp, the big shot casino company behind some of India's swankiest offshore casinos, like Deltin Royale, Deltin Jaqk, and Deltin Caravela, is selling Deltatech Gaming, Adda52's parent company, to Head Digital Works, the parent company of A23 Poker. The deal's worth a whopping ₹491 Crore! After the deal's done, Delta Corp will still have a 5.9% stake in Head Digital Works.
The deal goes down in two phases. Head Digital Works snags a 51% stake in Deltatech Gaming for ₹34.8 Crore. After they trade equity shares, Delta Corp ends up with a 2.8% stake in Head Digital Works.
Delta Corp, a gaming and hospitality powerhouse established since 1990, operates casinos across India, Nepal, and Sikkim. They've ventured into the online gaming realm through Adda52, offering poker and other skill-based games.
A23, one of India's biggest online gaming platforms, brings games like rummy, poker, and fantasy sports to the table. Launched by Head Digital Works, A23 (formerly known as Ace2Three) was the trailblazer for online rummy in India, kickstarting the digital revolution for skill-based card games.
With four of the biggest names in online gaming coming together, we can expect a rippling effect on the market. Adda52 has teamed up with the latest edition of the Deltin Poker Tournament, DPT Xpress 2025, taking place at Deltin Royale in Goa. It's still uncertain how this consolidation will affect the market but we'll find out soon enough.
The brand's undergone internal changes too, including uniting its real estate and online gaming businesses and completely revamping Deltin Royale casino.
Want the latest on poker industries? Our website's got you covered with the freshest updates from the real-money gaming and poker world. We offer exclusive coverage of poker tournaments, from tournament itineraries to chats with industry legends. We also keep an eye on government decisions that might affect the poker industry.
Stay tuned to ourwebsite.com for more updates from the poker scene. Follow us on Facebook, Instagram, Twitter, and Telegram to stay in the loop.
Roy D'SilvaRoy D'Silva, a published author, has spent a decade in the journalism scene, covering various hot topics like Bollywood, OTT, and now poker. An enthusiastic cyclist and documentary buff, Roy's on the hunt for the big poker story.
A23 Poker • Adda52 • Delta Corp • Head Digital Works
More News
28 Sep, 2024 | DeltaCorp Demergers Casino Business From Hospitality8 Jan, 2025 | DeltaCorp Shares Value Rises ~6% As SC Agrees To Hear Plea Against GST Notices19 Jun, 2024 | Delta Corp Shares Surge 11.34% Amid Tax Relief Announcements
Sign up for Our Newsletter!The Indian real-money and poker industry's never been the same—and it's about to change even more. Whether these changes will be a boom or a bust remains to be seen. Keep up with all the action on ourwebsite.com, India's top source for real-money gaming and poker news.
Leave a comment below and let us know what you think! Your email won't be published.
Required fields marked ** Your Email* Your Message* * Captcha*
- After the acquisition of Adda52's parent company, Deltatech Gaming, by Head Digital Works, the parent company of A23 Poker, it seems that fantasy sports might become more integrated with poker in the coming future.
- With the latest transaction involving A23 Poker, Adda52, and Delta Corp, it's plausible that we may witness a merging of casino games with sports and fantasy sports offerings in the Indian online gaming market.
