Locaid launches Locaid Compliance API
Location-as-a-service firm Locaid Incorporated has announced the launch of a new service that aims to meet the mobile and online gaming regulatory requirements of customers in the United States.
San Francisco-based Locaid stated that its Locaid Compliance API is now commercially available and is already being utilised by ‘several major Internet gaming companies’.
Locaid revealed that the new service can be used by casino and state lottery operators requiring regulatory approval for Internet or mobile gaming and allows users’ physical locations to be verified within a specific jurisdiction or territory.
“Casinos, gaming platforms, lottery operators and state regulators all have extremely precise needs to ascertain and validate the location of an online or mobile wager activity,” said Rip Gerber, President and Chief Executive Officer for Locaid.
“That's why location matters in the gaming market. Locaid is the only location service provider to be adopted by the major companies revolutionising the gaming industry including CAMS, Ultimate Poker, GTECH, Stations Casino, Cantor and William Hill.
“Internet and mobile gambling represents the next step in the evolution in gaming. In the next five years, cloud computing and mobile devices will create a $100 billion opportunity for innovative companies that incorporate location compliance technologies.”
The California firm declared that its Locaid Compliance API works ‘with any Locaid location source including Locaid's cross-carrier non-spoofable location services’ in order to deliver ‘additional location intelligence around a specific geographical boundary of any shape or size where certain actions such as placing a bet are permitted’.
“For the first time mobile gaming companies can get a consistent method for determining how a given location relates to a pre-defined zone across all their applications with no case-by-case costs,” said Naomi Morita, Chief Technology Officer for Locaid.
“Add in the fact that with Locaid's unrivalled location data reach and accuracy and this new API is set to be a game changer for a rapidly growing industry.”