Las Vegas (PRWEB) September 24, 2013
LocationSmart®, the leading provider of real time location and interactivity services, together with CAMS, LLC (Central Account Management System), a leading provider of risk management solutions in the gaming industry, today announced that they have entered into a partnership to deliver location verification for online and mobile gaming regulatory compliance.
Under the partnership, LocationSmart will provide key location services for CAMS. The result will be secure player geo-location data that meets strict state-by-state regulations while increasing profitability for clients. The partnership unites two of the industry’s largest providers of regulatory data to power an unsurpassed suite of regulatory compliance solutions.
Using proprietary and industry-leading applications, CAMS assists merchants in the gaming industry with the tools they need to reduce risk, comply with regulation and increase profitability. Merchants leverage CAMS’ expertise in payments connections, Know Your Customer (KYC) services, geo-location, and fraud management - all through a single integration, thereby saving time, money, and valuable resources. In 2012, CAMS became the first service provider approved for a Class 2 gaming license in the state of Nevada and is continuing expansion in other key states.
As the need for secure location verification grows, with mobile gaming app revenue expected to hit $11.4 billion by 2014, LocationSmart services are a recognized standard in providing secure location data for this expanding market. Whether statewide or venue-specific, LocationSmart serves a number of industries that rely on location validation to meet their core business needs.
"LocationSmart is excited to team with CAMS, a clear leader in regulatory compliance services, to provide a critical location validation service to the mobile gaming industry," said Mario Proietti, CEO of LocationSmart. "We look forward to enabling their growth in NV, NJ and other states poised for mobile gaming expansion."
"Location verification is a key component of regulatory compliance," said Matthew Katz, CEO of CAMS. "State governments are adamant that gambling remain intrastate. We will look to LocationSmart to provide their efficient and secure location verification services."
About CAMS, LLC
CAMS is a multi-tenant Software as a Service (SaaS) solution powered by Verifi, Inc. offering gambling operators the ability to collect and manage player information, comply with regulatory policies, manage player account limits, allow players to self-exclude, as well as manage payouts and taxation all within a white label solution customizable for each site. CAMS, LLC, is headquartered in Los Angeles, California.
For more information on CAMS, please call 1.323.655.5789 or visit http://www.CentralAMS.com.
LocationSmart® is the worldwide Cloud Location Services market leader for connected devices. We provide the easiest and most comprehensive cross-carrier platform for local, hyper-local and context-aware application development. Our core location technologies span indoor and outdoor use across devices, platforms and carrier networks to mirror the way we live our lives. Servicing Fortune 500 customers, LocationSmart is changing the ways companies do business. We deliver the broadest reach and largest global footprint, with an extensive portfolio of privacy consent methods for easy user adoption.
Serving customers with direct carrier connections since 2010, LocationSmart is a division of TechnoCom Corporation. Founded in 1995 and privately held, LocationSmart is the 2013 Mobile Merit Award winner for Mobile Cloud Solutions and 2013 MEA Finalist for Best Mobile Delivery Platforms.