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LaserLock Technologies in deal with Mexican Gaming Company
Friday August 1,2014 : LASERLOCK REPORTS MEXICAN ONLINE GAMBLING DEAL
US company to provide its VerifyMe services to unidentified Mexican operator.
US identity and geo-location technology provider LaserLock Technologies has signed a ten year contract, worth $7 million, with an unidentified Mexican gaming company that will see LaserLock’s VerifyMe Identity Services authenticating players in online casinos.
The need for strong authentication in this area has increased due to recently passed anti-money-laundering legislation in Mexico, a company spokesman said this week, adding that LaserLock’s technology will be replacing passwords and PINs with a quick, three-factor authentication process.
"The multiple factors involved in the VerifyMe method adhere to the classic identification trifecta: something you have, something you are and something you know," the spokesman said.
"In this case it breaks down to a connected device (like a smartphone), a biometric (like facial recognition) and a gesture swipe respectively. The solution adheres to NIST Level 4 standards and can be bolstered by a geo-tagging feature if a “somewhere you are” location factor is deemed necessary."
Neil S. Alpert, LaserLock’s CEO, described the deal as a new milestone for the company. "The current system, in which passwords are so easily hacked and online and financial security so vulnerable, needs to be replaced and VerifyMe is the ideal technology to do it,” he claimed.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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