In a recent article Majesco Entertainment Company, a provider of video games for the mass market, announced the ending of the acquisition of the operations and substantially all of the assets of Orid Media Limited and Pariplay Limited. GMS Entertainment will have a fifty percent stake in the firms.  Majesco Entertainment Company is a provider of video games for the public consumption . Building on more than 20 years experience, the company is focused on developing and publishing a wide range of casual video games on all leading console and handheld platforms as well as mobile devices. Product highlights include Zumba® Fitness and Cooking Mama™. Majesco is headquartered in Edison, New Jersey and the company's shares are traded on the Nasdaq Stock Market.

Pariplay has a core expertise in the three areas of real money iGaming, 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 licensed to offer online gambling and is headquartered on the Isle of Man, operating online gaming sites on an owned and white label basis.

Chief Executive Officer of Majesco Entertainment, Jesse Sutton, commented, "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."

Majesco will invest a total of $3.5 to $4.5 million, depending on GMS' future financial performance, for a 50 percent interest in GMS. The Orid Media and Pariplay, owner will maintain the other 50 percent interest in GMS. Orid Media develops online and mobile casino games and Pariplay is a licensed online gambling operator.

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