Scientific Games acquires full-service betting provider Parspro

Scientific Games acquires full-service betting provider Parspro

23 July 2012

(PRESS RELEASE) — U.S. lottery specialist Scientific Games has acquired Icelandic online sports betting systems provider Parspro Ltd. for an undisclosed sum. The deal will see Scientific Games obtain all of the elements necessary to operate an online betting site, including software, secure hosting, traditional sports wagering and live betting propositions as well as a full range of support and ancillary services.

The Parspro assets will also enable Scientific Games to offer a full-service internet platform, integrating casino, poker and other gaming content from multiple third-party providers.

“Given the rapidly liberalizing regulatory landscape, we believe sports wagering is a significant opportunity for regulated operators in Europe and other jurisdictions over the next few years,” said Bill Huntley, President, Lottery Systems for Scientific Games. “Parspro’s experienced development team, who will be joining Scientific Games, and its comprehensive risk management tools and strong track record will be key advantages for Scientific Games’ existing customers as well as potential new lottery and commercial customers.”

Sigurdur Baldursson, Founder and Chief Executive of Parspro added, “Teaming up with Scientific Games, a global leader in the lottery and gaming industry, is a win-win for our company and our customers. Scientific Games has integrated our sports betting interactive system with their venue-based lottery system, which supports nearly 4,000 retail points of sale in Norway for Norsk Tipping. This combination of product offerings should be attractive to lotteries and licensed private sports book operators around the world as they seek additional sources of revenue.”

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