Geolocation and compliance firm Xpoint has confirmed that its real-money gaming product – Xpoint Verify – is live with PlayStar in North America.
Coming shortly after the the firm’s product when live in Canada and the US via multiple partners, becoming PlayStar’ official geolocation partner will see Xpoint aim to ensure the former’s customers are able to engage with the online casino in a regulated, secure digital environment, whilst also adhering strictly to all state and federal regulations.
Marvin Sanderson, CEO and Co-Founder of Xpoint, stated: “2022 is proving to be a pivotal year for Xpoint and I am delighted that we are now live with PlayStar, another world-class Xpoint Verify partner in the US.
“Obviously each of our announcements are major steps forward, for our team and our partners, but they are just the start of our story. Over the coming months we will be announcing more partnerships and more developments within our business as we bring truly game-changing thinking to our industry.
“We are innovative, we work tirelessly for our partners, and we exist to help them unlock the true potential of their investment in geolocation tech – previously that has been seen as a utility, but our thinking helps turn that utility into an asset.
“PlayStar is an exciting brand bringing innovation, fresh thinking and consumer-focused value to the online casino market, key brand elements that we share. It is going to be a major player in the US market and we are delighted to be partnering with their team, and are excited to be part of what promises to be an exciting future for Playstar and its customers.”
Echoing the thoughts of Sanderson, Per Hellberg, Chief Executive Officer at PlayStar, added: “We are very pleased to be partnering with Xpoint as our Geolocation provider in New Jersey. Both PlayStar and Xpoint are at a similar point in their evolution – young, exciting brands who bring true innovation to our markets – and as we enter somewhat of a David and Goliath battle against our respective competitors.
“Additionally, this partnership means we stay true to our vision to leverage the most innovative technology in the market to deliver an online casino experience like no other.”
The news of the PlayStar partnership comes a mere day after the geolocation tech company commenced with a multi-million dollar round of investment funding to support its growth.
As part of the investment fund, new investors including Acies Investments, The Raine Group and SuRo Capital Sports joined existing backers Bettor Capital and Courtside Ventures, both of which have increased their investment as part of this new funding round.