Monday October 14,2013 : MAJESCO COMPLETES MAJOR ONLINE GAMBLING DEAL
Acquisition of Orid Media Limited and Pariplay Limited closed.
New Jersey-based video games provider Majesco Entertainment Company has announced the completion of its deal to acquire the operations and substantially all of the assets of Orid Media Limited and Pariplay Limited by GMS Entertainment, a fifty percent owned subsidiary of Majesco.
Pariplay has a core expertise in three areas: real money e-gaming, real money iLottery, and social gaming. The company will continue to design and develop both fixed odd and random based online and mobile games for use in real money online games, social casinos and lottery systems. Pariplay is a licensed online gambling operator headquartered in the Isle of Man, operating online gaming sites on an owned and white label basis.
Jesse Sutton, CEO of Majesco Entertainment said Monday, "I am pleased that Pariplay has received the requisite regulatory approvals to allow us to complete our investment in this newly formed venture. The iGaming, iLottery and social gaming segments of the online gaming market are growing rapidly, and looking ahead, additional jurisdictions are expected to legalize real money online gaming and lottery, which will fuel further market expansion and opportunity for GMS Entertainment."