Scientific Games Acquires Internet and Venue-Based Sports Betting Solution
Friday, July 20, 2012 at 02:34PM NEW YORK, NY – July 20, 2012 – Scientific Games Corporation (Nasdaq: SGMS) announced today that it has acquired the assets of Parspro.com ehf (“Parspro”), a provider of full-service betting systems and related products via the internet and mobile devices. The acquired Parspro assets include a scalable sports betting system that provides users with all of the elements necessary to operate an online betting site, including software, secure, state-of-the-art hosting, traditional sports wagering and live betting propositions as well as a full range of support and ancillary services. In addition, the Parspro assets 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.”
“Teaming up with Scientific Games, a global leader in the lottery and gaming industry, is a win-win for our company and our customers,” said Sigurdur Baldursson, Founder and Chief Executive of Parspro. “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.”
This transaction is not expected to have a material impact on Scientific Games’ results of operations for the fiscal year ending December 31, 2012.