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Locaid and GeoComply Sign Agreement
Wednesday April 24,2013 : GEOCOMPLY PARTNER WITH LOCAID MOBILE
Advanced geolocation capability across any device
Location Service firms Locaid and GeoComply have signed an agreement that will allow gaming operators to simultaneously access Locaid's multiple sources of location data in conjunction with GeoComply's geolocation services to identify the physical location of players no matter what device the player uses.
Locaid's device location reach spans over 400 million mobile devices and over 4.8 billion connected devices across the globe, all through the cloud and its integration into GeoComply's software and tools will deliver accurate location authentication, regardless of the device.
"Within four years, annual wagering via mobile handsets and tablets will surpass $100 billion," said Rip Gerber, President & chief executive officer of Locaid. "Location data is the key enabling element for the mobile gaming industry. Every gaming operator will be required by state regulators to authenticate the location of a mobile device when a consumer is placing a wager. The casino on your smartphone only works with Locaid location data as a confirmation source. Combined with GeoComply's secure and easy-to-use operating tools, every operator and casino can get the best experience that satisfies regulatory requirements."
"GeoComply was founded to address the need in the internet gaming market for accurate and secure location solutions," added Anna Sainsbury, chief executive officer of GeoComply. "Our solutions are designed to meet the most stringent requirements whilst enabling operators to accurately locate online players across all devices. We strive to ensure we offer our clients a streamlined geolocation solution, which integrates the best location technologies on the market. As Locaid has demonstrated its ability to offer secure and reliable location data to licensed operators in Nevada, they are an obvious partner for us."
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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