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Compliable Secures $3.6m New Capital to Further Enhance Compliance Tech Platform Focused on Real-Money Gaming

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Compliable Now Support Pennsylvania Employee Licensing with Efficient New Process

 

Bettor Capital Leads Financing and Industry Leader, Carl Sottosanti, Joins the Board of Directors

Leading compliance software provider Compliable has completed a $3.6m seed extension round led by Bettor Capital, an investment that will enable the supplier to further strengthen its ground-breaking platform and expand the scope of products and services that it provides to real-money gaming operators.

The investment from Bettor Capital marks the second funding round for Compliable in the past year, with the company previously securing $1.7m seed funding in a round led by Chicago-based KB Partners.

Additionally, Carl Sottosanti, a fund advisor to Bettor Capital and former General Counsel of Penn National Gaming, has joined Compliable’s board of directors.

For real-money sports betting and iGaming companies in North America, the Compliable platform offers a solution that makes it far easier to complete, manage and maintain gaming licenses across multiple states and jurisdictions. Compliable’s software platform and tools provide customers both significant time and cost savings, enabling operators to enter new markets more quickly and to meaningfully reduce the ongoing burden of regulatory requirements.

Launched in 2020, Compliable has signed several new customers, ranging from market leaders to start-ups, and with online gaming legislation continuing to gain momentum across numerous US states, the demand for the platform has intensified. Compliable will use the new capital to accelerate the delivery of key functionality and features to facilitate and speed up launches as sports betting and iGaming continue their rapid expansion across the US. It also allows Compliable to expand its executive team with Justin Stempeck, former Director of Licensing at DraftKings, who joined Compliable as Chief Strategy Officer.

Chris Oltyan, CEO of Compliable, said: “Following discussions with our customers, prospects, regulators and industry contacts it became clear that our solution is timely and necessary, and we realized that expanding our engineering team was essential to keep up with the many feature requests. Additionally, with Justin to help navigate the compliance landscape, we’re positioned to grow exponentially in the coming year. We are also excited to partner with Bettor Capital who brings significant real-money gaming experience and has a deep focus on the software supply chain within the industry.”

David VanEgmond, founder and CEO of Bettor Capital, said: “With the ever growing complexity of licensing in the real-money gaming market, Compliable has quickly become an integral part of how companies process and maintain their regulatory compliance as they enter new markets. I know first-hand from my time as an executive at FanDuel how critical and resource-intensive it can be to comply with diverse gaming regulations on a state-by-state basis. Compliable’s technology makes this process easier and saves companies money, which we believe represents a great long-term value proposition for a software vendor to an exciting growth industry.”

Carl Sottosanti, Member of Compliable’s Board of Directors, said: “Compliance must be top-of-mind for all companies entering the complex US online market and with Compliable’s platform, the employee gaming licensing process is significantly simplified and expedited. I look forward to being part of the company’s journey in what is a very exciting time for the industry.”

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Xpoint Launches Groundbreaking New Product to Reduce Geolocation Costs for Operators

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Trust Mode feature reduces unnecessary location checks by over 20%

Xpoint, a leader in geolocation security solutions, has unveiled its proprietary Trust Mode feature, a patent-pending product that allows online gaming operators to realize previously unattainable efficiencies while remaining compliant with all state regulations and enhancing player satisfaction.

Trust Mode is a product feature that decreases geolocation checks while complying with state-mandated check frequencies by minimizing location checks when a player is connected to a residential or office WiFi, even if they are near the border. Results have shown that Trust Mode reduces geolocation service checks by over 20%, allowing Xpoint customers to realize significant cost savings compared to legacy industry technologies.

“Trust Mode is a clear example of how competition fosters innovation,” the Chief Executive Officer for Xpoint, Manu Gambhir, said. “There is no need to frequently re-check the location of a bettor connected to Wi-Fi at their home despite being located near a state border.

“As well as benefiting operators, end users also benefit from Trust Mode as their battery usage will decrease due to the operator’s ability to reduce the number of location checks for players without accuracy being sacrificed. This technology will serve as a game-changer for operators looking to get the most out of their geolocation service provider.”

Xpoint is licensed and authorized in 20 states and the District of Columbia across its current customer portfolio including names such as Bet365 and PrizePicks. Trust Mode delivers efficiencies to an industry that has remained largely static due to previously low levels of competition. Trust Mode saves iGaming operators money while enhancing user experience. Roll-out for the service is expected later this year.

The company’s flagship geolocation platform for iGaming, Xpoint Verify, is an advanced toolset for geo-compliance. The service is focused on being the most accurate, allowing players in permitted locations and denying all others including those attempting to spoof their location. Xpoint Verify detects and prevents fraud while providing valuable marketing insights to operator customers.

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SBC Summit North America: Stages, Sessions, and Speakers Highlights

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SBC Summit North America: Stages, Sessions, and Speakers Highlights

 

The 2024 SBC Summit North America is set to bring a diverse array of stages, sessions, and esteemed speakers, in an event that promises to deliver numerous opportunities for learning, networking, and collaboration. Let’s delve into the highlights from each day of this groundbreaking summit:

Day 1: The Prelude to Insight

As the curtains rise on the inaugural day of the summit, attendees are greeted with a plethora of engaging sessions spanning regulatory compliance, responsible gambling initiatives, and the latest technological innovations. The stage is set for dynamic discussions and thought-provoking insights as industry leaders converge to explore the intersection of regulation and commercial growth.

Day 2: Navigating the Regulatory Maze

Against the backdrop of New York’s iconic Tribeca 360, day two of the summit takes center stage with a focus on regulatory compliance and responsible gaming practices. Attendees can anticipate deep dives into the complexities of mergers and acquisitions, the role of AI and big data in betting, and the imperative of responsible gambling technology. With expert speakers offering guidance and expertise, participants are empowered to navigate the regulatory maze with confidence and clarity.

Day 3: Charting the Course for Growth

As the summit enters its penultimate day, the spotlight shines on strategies for sustainable growth and innovation in the gaming industry. From exploring the symbiotic relationship between responsible gambling initiatives and long-term profitability to harnessing the power of emerging technologies, attendees are treated to a wealth of insights designed to drive commercial success while upholding the highest standards of integrity and compliance.

Day 4: The Grand Finale

As the final day dawns, anticipation mounts for the grand finale of the SBC Summit North America. Attendees can look forward to a culmination of key insights, actionable strategies, and memorable moments as the industry’s brightest minds come together for one last day of inspiration and collaboration. From live editions of the Safe Bet Show to dedicated conference tracks covering sports betting, iGaming, and leadership, the summit concludes on a high note, leaving attendees energized and empowered to chart the course for the future of gaming.

In summary, the SBC Summit North America emerges as a transformative event, offering a platform for dialogue, innovation, and progress in the gaming industry. With stages brimming with thought-provoking sessions and speakers at the forefront of their fields, the summit sets the stage for a future defined by compliance, responsibility, and sustainable growth.

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Augustine Casino Ups Their Game with QCI Slots: A New Era of Data-Driven Gaming Innovation Begins

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Augustine Casino, a prominent name in the Coachella Valley gaming scene, is taking its commitment to guest satisfaction to new heights with the adoption of QCI Slots, the latest innovation from Quick Custom Intelligence (QCI). Building on the success of its partnership with QCI Host, Augustine Casino is poised to revolutionize the gaming experience for its patrons.

Elizabeth Wilberts, Assistant General Manager of Augustine Casino, said: “We are thrilled to expand our collaboration with QCI by incorporating their cutting-edge Slots solution. The reporting functionality, recommendation engine, Artificial Intelligence, and advanced heat mapping capabilities of QCI Slots will empower us to deliver unparalleled personalized experiences to our guests.”

This strategic move follows Augustine Casino’s successful implementation of the QCI Platform, including the QCI Host solution, which has already enhanced the casino’s ability to connect with its clientele on a deeper level. Now, with the addition of QCI Slots, Augustine Casino is poised to set new standards for excellence in the industry.

“We are proud to deepen our partnership with Augustine Casino and support their mission to provide exceptional service and value to their guests. The decision to integrate QCI Slots underscores Augustine Casino’s commitment to leveraging innovative technology to elevate the gaming experience,” Andrew Cardno, Chief Technology Officer of QCI, said.

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