The company's Real Money Gaming Geolocation product, Xpoint Verifty, has now debuted in the Ontario online gaming market through Skill Onnet. This has been possible since the operator launched it in the province market earlier this month.
SkillOnNet is an industry-famous game name for leading brands such as PlayOJO, SlotsMagic, and SpinGenie. The brands are now active in the regulated iGaming framework for private operators in Ontario, which opened on April 4 this year. According to industry experts, the market will achieve $1 billion in revenue over the next few years.
Xpoint was introduced to the iGaming industry in less than a year because it was broadcast live at the Global Gaming Expo in Las Vegas last year. Today's Xpoint Verify geolocation products are integrated into SkillOnNet's operator network, which operates in Ontario's legitimate online gambling market. The geolocation business will help prevent betters who are not in the province from gambling illegally.
Marvin Sanderson, CEO and co-founder of Xpoint, noted that the agreement with casino operators is an important achievement. He said that eight months after starting the business, the vendor came to the market under a famous name such as SkillOnNet. He also thanked the company's investors, partners and teams for their hard work and for making all this possible.
Xpoint's innovative geolocation solutions provide the technology for sportsbooks, iGaming and daily fantasy sports brands to meet regulatory requirements and provide safe and secure player engagement. Meanwhile, XpointVerify functions as a real-money gaming geolocation technology from many brands, and Xpoint Lite is specifically developed for everyday fantasy sports operators.
Despite being a somewhat new brand in iGaming, the geolocation provider was one of Canada's Gaming Summit sponsors this year. The annual meeting was held at the Metro Toronto Convention Center, and was held from June 7 to June 9, 2022. This expo is a tremendous opportunity for industry leaders to gather to discuss current trends and the future of the industry.
I look forward to their partnership
Maor Nutkevitch, senior vice president of corporate development at SkillOnNet, said the company was pleased to partner with its geolocation technology provider. He also shared that the operator was attracted to the provider's technology to help players participate in the platform in a safe and secure way. And finally, Mr Nutkevich said their working relationship was rooted in genuine cooperation.
Recently, SkillOnnet signed another collaboration for operations in Ontario's iGaming segment. The operator has partnered with Toronto-based Bragg Gaming Group, a leading provider and aggregator of online gaming content and technology. Local vendors will now deliver their products to SpinGenie, PlayOjo and SlotsMagic brands from their operators in the province.