Company Growth: Started as a fledgling company, acquired by Aspire Global 1.5 years ago.
Key Learning: Building a strong management team to execute ideas and scale the business.
Impact of Aspire Global Acquisition
Benefits: New customer base, enhanced buying power, and support.
Business Strategy: Shift from start-up thinking to scaling globally.
Support: Valuable input from Aspire’s board members on product and commercial levels.
Main Goals Moving Forward
Scaling Existing Business
Focus on Europe: Continue to grow in regulated markets like Germany and Greece.
Service Levels: Maintain high service quality despite rapid growth.
Exploring New Opportunities
BtoBet Acquisition: Support BtoBet with content and help scale their business.
US Market: Live in New Jersey, licenses in West Virginia, applications for Pennsylvania and Michigan. Aim to become a significant player.
Competition and Strategy in the US
No Secret Sauce: Focus on delivering good service, reliability, and flexibility.
Long-term Approach: Gradual growth by providing consistent quality service.
Content Strategy: Leverage European content for the US market using their Ignite product.
Regulatory Challenges
Overcoming Regulatory Hurdles
Technical Side: Modular technology allows easy implementation of regulatory changes.
Operational Side: Strong management team to handle operational requirements.
US Market: Focus on easing regulatory burdens for operators.
Responsible and Safe Gaming
Compliance: Follow laws, support responsible gaming, and avoid exploitative practices.
Innovative Products: Tournament tools to ensure fair play for all users.
Conclusion
Parry Play is positioned for growth both in Europe and the US, leveraging its strong management, strategic acquisitions, compliance capabilities, and commitment to responsible gaming.