Thursday January 17, 2013 : FERTITTA CLOSING IN ON INTERNET POKER
Deal with CAMS important for compliance with Nevada regulations
Online gambling provider Fertitta Entertainment has moved a step closer to online poker following a deal between its new Ultimate Gaming online brand and Los Angeles-based Central Account Management System (CAMS) that will help it maintain regulatory compliance and accept payments online.
CAMS is to provide Ultimate Gaming’s new Ultimate Poker online poker enterprise with its Intelligence Suite product and gateway functionality solutions containing IP and mobile geo-location services along with device intelligence, player age verification, payment connectivity, chargeback representment and tokenisation via a single integration to a centralised platform.
Chris Derossi, chief technology officer for Ultimate Gaming, said Thursday:
“By working with CAMS we are able to reduce our internal programming costs, centralise many of our daily operating functions and at the same time reduce nearly 30 percent of our upfront and ongoing monthly costs from the same vendors we intended to work with.”
Last year saw CAMS become the first service provider to receive a Class Two gaming licence in Nevada so that it could assist potential online operators in complying with KYC requirements, geo-location services and payment connectivity.
“CAMS supports the creation of a safe and secure payment environment for casinos, lotteries, brands and players and helps meet or exceed regulatory and compliance requirements," said Matthew Katz, chief executive for CAMS.
“Our solutions are specifically tailored for partners like Ultimate Gaming and will become increasingly critical as new United States regulatory markets continue to develop for the online gaming world.”