Xpoint, a geolocation technology company, has made significant strides in the real-money gaming sector with the launch of its product, Xpoint Verify, in the US market. The online casino brand PlayStar, which recently entered the New Jersey gaming scene, has become the latest partner to benefit from this cutting-edge geolocation solution. Developed specifically for sportsbooks and igaming platforms, Xpoint Verify ensures the integrity and compliance of real-money gaming operations. With its previous successful launch in the Ontario market with SkillOnNet, Xpoint is poised to make a notable impact on the geolocation landscape in the US gaming industry.
Xpoint Verify: A Game-Changing Geolocation Solution:
Xpoint Verify represents a crucial advancement in real-money gaming geolocation technology. By partnering with online casino brand PlayStar in New Jersey, Xpoint continues its mission to provide world-class geolocation services to the US gaming market. This real-money gaming geolocation product is designed to ensure the accurate identification of players’ locations, a vital aspect of regulatory compliance in the online gaming space. Its seamless integration with sportsbooks and igaming platforms contributes to a secure and trustworthy gaming environment for both operators and players.
Xpoint’s Pivotal Year of Growth and Partnerships:
Xpoint CEO and co-founder, Marvin Sanderson, expressed excitement about the company’s progress in 2022. The collaboration with PlayStar signifies another major milestone for Xpoint Verify, solidifying its position as a leading geolocation solution in the industry. While the partnership with PlayStar in February established Xpoint as the official geolocation provider, the ongoing collaboration extends to PlayStar’s business development and marketing teams, driving increased consumer engagement opportunities.
New Jersey’s Robust Gambling Revenue Surge in August:
The New Jersey Division of Gaming Enforcement has reported a remarkable surge in gambling revenue for August 2022. The combined revenue from the state’s casinos, horse tracks with sports betting offerings, and online partners amounted to $470.6 million, marking a substantial 6.7% increase compared to August 2021’s $427.7 million. Notably, the casino win for the nine Atlantic City casino hotel properties reached $274 million, demonstrating a solid 4.4% growth from the $262.4 million recorded in August 2021. These positive figures indicate the thriving nature of the New Jersey gambling market, with a year-to-date total casino win of $1.88 billion, reflecting an impressive 14.1% rise compared to the same period last year.
Xpoint’s entry into the US gaming market with Xpoint Verify marks a pivotal moment in the realm of real-money gaming geolocation solutions. Its collaboration with PlayStar in New Jersey exemplifies the company’s commitment to providing world-class geolocation services to the US gaming industry. As Xpoint Verify continues to bolster regulatory compliance and ensure the integrity of real-money gaming operations, the online gaming landscape is poised for greater security and trustworthiness. Additionally, New Jersey’s robust gambling revenue surge in August showcases the state’s thriving gambling market, with positive growth trends across both land-based and online casino sectors. With Xpoint’s innovative geolocation technology driving positive change in the gaming industry, the future of real-money gaming in the US appears bright and promising.