A major online gambling deal completed by Majesco
The Pariplay Limited and Orid Media Limited acquisition is complete
Majesco Entertainment Company, the video games provider based in New Jersey, has announced that it has brought to completion its deal for the acquisition of all operations and all the full list of assets of Pariplay Limited and Orid Media Limited by GMS entertainment, a subsidiary of Majesco owned by fifty per cent.
Pariplay has an expertise in three areas: e-gaming with real money, social gaming, and real money iLottery. The company will proceed with the development and the design of both random based and fixed odd mobile and online games for use in social casinos, real money online games and lottery systems. As an online gambling provider with a license, Pariplay is based in the Isle of Man, and operates sites for online gaming on a white label and owned basis.
The Majesco Entertainment?s CEO, Jesses Sutton, said on Monday: ?I feel great that Pariplay has been able to receive the necessary regulatory approvals that will permit us to complete our investment in this recently formed enterprise. The online gaming market?s social gaming, iLottery and iGaming registrieren segments are rapidly growing, and when we look ahead we see more jurisdictions that are expected legalize online gaming and lottery with real money. In turn it will fuel the expansion of the market even further along with the opportunities for GMS Entertainment.?