Ruth Parasol

4/12/2022by admin
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Ruth Monicka Parasol (born February 27, 1967) is an American entrepreneur and attorney who founded PartyGaming in 1997. The company merged with Bwin Interactive in 2010 to form Bwin.Party Digital Entertainment then the world’s largest publicly traded online gaming company. Parasol is the single.


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Ruth Parasol '88, one of the world’s wealthier self-made businesswomen, has pledged $400,000 through The Parasol Foundation Trust, where she is the principal benefactress, to USF for scholarships for STEM students who might not otherwise be able to attend the university.

The gift provides for four-year scholarships to two female students in the STEM field. The Parasol Foundation Trust Scholarship will support undergraduate students in good standing with demonstrated financial need. Students and families do not need to take any special action to apply for this scholarship. Funds will be made available through the regular financial aid process to those applicants who file a timely financial aid application and are chosen for the scholarship.

Parasol obtained a BA in Business from the University of San Francisco, and she continued to successfully establish and sell PartyGaming PLC, the parent company of online power site PartyPoker.com, which went public on the London Stock Exchange in 2005. Ruth sold her remaining assets in 2015 and is no longer involved in the online gambling industry.

“Our time, success and fortune are borrowed,' said Parasol. 'You can never give or appreciate enough, but every effort helps. Here, at The Parasol Foundation Trust, we enable change by supporting talented individuals and core centers of health and education, in order to create a better future for the next generation. Through education, cutting-edge technologies, advanced medical treatments and culture preservation, we hope to contribute to a better and brighter future.'

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