SAN FRANCISCO and MIAMI, April 25, 2012 /PRNewswire/ -- Locaid, the world's largest Location-as-a-Service company, announced today that it partnered with Cantor Gaming® to provide location services for its mobile sports wagering application, available on all Android™ devices, including cell phones and tablets.
Locaid worked with Cantor Gaming to provide a secure and patented privacy platform that enabledCantor Gaming to extend its wagering functionality beyond the casino floor. As a result, Cantor Gaming's mobile sports wagering application allows customers access to the entire spectrum of wagers available in Cantor Race and Sports Books from anywhere in the state of Nevada.
By utilizing Locaid's location services, Cantor Gaming's application only works within the state of Nevada and will not function once patrons travel out-of-state, compliant with Nevada Gaming Control Board regulations. By using Locaid's unspoofable, privacy protected, secure cell-ID location service, which checks a mobile device's positioning against a geo-fence, Cantor Gaming can securely and instantly validate the location of a mobile device and determine if it is within the state boundaries. As a result, Cantor Gaming's mobile sports wagering application can be used by the widest possible number of customers to wager through any Android device on any carrier network.
"To comply with state law, it was critical to ensure a mobile user's location for mobile gaming and safeguard against today's sophisticated spoofing technologies; Locaid enabled us to meet this challenge," said Paul Williams, CTO of Cantor Gaming. "Locaid is the only compliant network location-based solution for mobile sports betting in Nevada, and their services allow us to extend our reach of mobile gaming to the entire state."
"Locaid utilizes geofence technology that meets the most rigorous compliance standards in the country," said Rip Gerber, President and CEO of Locaid. "Locaid is pleased to help Cantor ensure that mobile gamers only place wagers on their smartphones when they are physically located in a legally approved area. Our Location-as-a-Service is the 'only game in town' when it comes to authenticating the real world location of a smartphone in Nevada. As other states evaluate and adopt smartphone-based gaming, Locaid's partnership with Cantor Gaming serves as a roadmap on how to deliver a superior mobile gaming experience that exceeds all federal and state compliance requirements."
About Cantor GamingAt Cantor Gaming, we have built upon Cantor Fitzgerald's legacy of integrity and excellence and its unmatched financial technology to create an innovative and unique gaming system that we believe is revolutionizing the gaming experience in Las Vegas. Cantor Gaming is the first company licensed by the Nevada Gaming Commission to manufacture, distribute and operate a mobile gaming system in the state. We provide casinos with a complete mobile gaming solution, including a proprietary wireless gaming system, full back-office infrastructure and a portfolio of casino games. We are passionate about applying technology to transform gaming and we are continuously using innovations in the operation of our race and sports books, and enhancing our products and technology, to offer customers a unique and memorable gaming experience.
Cantor Gaming is an affiliate of the global financial services firm Cantor Fitzgerald, which has over 65 years experience and unparalleled expertise of highly secure, real-time financial transaction processing, management, and execution. Known globally for superior financial technology and real-time and secure execution of financial transactions, Cantor's clients include the world's leading banks and trading firms. Cantor's technology drives over $500 billion in transactions for the world's capital markets every day.
About LocaidLocaid is the world's largest Location-as-a-Service (LaaS) company. We operate a location privacy platform that allows mobile developers to locate over 350 million devices for enterprise authentication, fraud management, consumer location services and opt-in mobile marketing. Locaid locates smartphones, feature phones, tablets and any mobile device on leading wireless carriers, including America Movil, AT&T, Rogers, Sprint, T-Mobile, TELUS, and Verizon Wireless. Locaid also helps shape and enforce location privacy policies via leadership roles on governing associations, including the CTIA, MMA and IAPP. The largest financial institutions, mobile marketers, M2M platforms and mobile service providers get network location from Locaid. Location Matters.™ You can locate us at http://www.loc-aid.com.
CONTACT:
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Ryan C. Smith or
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Valerie Christopherson
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Global Results Comms (GRC)
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+1 (949) 502-6760
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