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Shivanandan Pare elevated to CEO of Gaussian Networks, which runs Adda52 poker, rummy

Playing Cards Gambling

Shivanandan Pare has been elevated to the chief executive Gaussian Networks, the company which operates online poker and rummy platforms Adda52 and Adda52Rummy. Pare was already the CEO of Adda52Rummy since July 2020. Pare has previously headed the new digital business at Aditya Birla Fashion and Retail Ltd. and has also served at chief operating officer of Bigadda at the Reliance Group. [caption id="attachment_128352" align="alignright" width="300"] Shivanandan Pare. Picture courtesy: LinkedIn[/caption] Gaussian Networks was acquired by Delta Corp in 2017 and is a subsidiary of the publicly-listed casino and hospitality company. The company's acquisition was completed in 2017 for ₹223.9 crore; while the deal had been signed in 2016. Delta Corp operates the Deltin casinos in Goa, Daman. and Sikkim (as well as in Kathmandu) alongside running a hospitality business. When the acquisition was closed, Adda52's founder Anuj Gupta had plans for expansion, to enter livestreaming, and also start operating in offline activities. Adda52Rummy was launched in 2012 and the app has over 1 million registered users. Delta Corp's revenue and strategy for 'online gaming' While casinos and hospitality are Delta Corp's core businesses, the company expanded into online gaming with Gaussian's acquisition. In 2019, it also picked up a 19.5% stake in fantasy sports company HalaPlay, in which it co-invested along with gaming company Nazara Technologies. According to Delta Corp's annual report for 2019-20, the online skill gaming segment pulled in revenues of 162.14 crore in FY20, which was a growth of 9.44% over the previous year, making 16.7% of…

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