XPOINT ANNOUNCES MAJOR MILESTONE AS XPOINT VERIFY GOES LIVE IN CANADA
Toronto, Canada (June 22, 2022) – Xpoint, the leading geolocation technology company specializing in sports betting, iGaming and gambling in North America, has announced confirmation of a major milestone in the establishment and growth of the business. Xpoint Verify, Xpoint’s real-money gaming geolocation product developed specifically for sportsbook, iGaming and gambling operators, is now live, in-market for the first time in Canada with Xpoint partner SkillOnNet, the online casino operator which launched in Ontario on June 6, 2022. The news that Xpoint Verify is now live comes less than one year since Xpoint was formally unveiled in Las Vegas at the Global Gaming Expo (G2E) 2021.
SkillOnNet, operator of some of the world’s most popular online casinos, launched in Ontario with its brands PlayOJO, SlotsMagic and SpinGenie in early June, 2021. Ontario legalized online gaming on April 4, 2022, opening a major new iGaming market that is expected to reach $1billion in revenue over the next two years.
“For everyone involved with Xpoint, this is a very significant announcement,” commented Marvin Sanderson, Xpoint CEO and Co-Founder. “We founded Xpoint in 2019, then formally launched the business just eight months ago at G2E, and now we have our first product live in-market, with an outstanding partner in SkillOnNet. Our investors, partners and our team have made this possible, and I want to thank them all for their support and their hard work. Thousands of hours of work by our world-class personnel have gone into making this moment possible, and we are honored to be supported by a number of investors and partners who share our vision for transforming the geolocation industry – thank you to them for playing such an important role in helping us reach this milestone.
“It’s worth noting that this is just the start, the first chapter in our story. In a matter of weeks we’ll also be live in the USA, and then the rollout of both Xpoint Verify, and Xpoint Lite, our geolocation product designed and built for Daily Fantasy Sports (DFS) operators, will continue at pace. We have a very exciting future ahead, and I’m delighted we’ve already reached such an important chapter in our history with SkillOnNet.”
“We’re proud to work with Xpoint as our official geolocation technology partner,” said Maor Nutkevitch, Senior Vice President Corporate Development at SkillOnNet. “We were attracted to Xpoint’s technology that helps our consumers engage with our platforms safely and securely, and the fact that our working relationship is rooted in a true partnership.”
Xpoint’s innovative geolocation solutions provide technology that enables sportsbooks, iGaming and Daily Fantasy Sports (DFS) operators to meet their regulatory obligations, helping engage with their customers safely and securely. Xpoint Verify is the real money gaming operator’s geolocation product of choice, while Xpoint Lite is specifically designed for DFS operators. Xpoint’s innovation is not just in product design and delivery, it is also inherent in the company’s ability to work with its partners to turn location-based data into business assets, transforming a utility into a business benefit. To find out more, go to www.xpoint.tech.
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ABOUT XPOINT
Xpoint provides essential geolocation security solutions and intelligent location-based marketing insights to the global sports betting and iGaming industries. Xpoint’s innovative Verify and Lite platforms ensures partners meet their regulatory geo-compliance obligations, and deliver enhanced value through the generation of location-based data that can drive marketing programs. Recently nominated for two 2022 SBC North America Awards, Xpoint was founded in 2019 and officially unveiled in Las Vegas in 2021, and is led by the company's CEO and Co-Founder Marvin Sanderson, a global sports betting and iGaming industry leader. With North American offices in Toronto, Canada and Miami, Florida, Xpoint is changing the global geolocation market, bringing innovation to an industry that has, to date, viewed geo-compliance as a utility, not a new business opportunity. For more information, visit xpoint.tech and follow LinkedIn and Twitter for regular updates.
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