Quova and WagerWorks Bring Geography to Online Gaming
Added: (Tue Apr 02 2002)
Pressbox (Press Release) -
QUOVA AND WAGERWORKS BRING GEOGRAPHY TO ONLINE GAMING
Quova GeoPoint Integrated into WagerWorks’ Internet Gaming Solutions
AMSTERDAM, The Netherlands (2 April, 2002) – Quova(sm), the leading provider of Internet geolocation services to online businesses, today announced a partnership with WagerWorks, a leading Internet gaming solution provider. The agreement addresses the need for gaming operators to comply with country and state-specific regulations governing the online gaming industry.
WagerWorks has integrated Quova’s GeoPoint service into its suite of gaming services. The GeoPoint geolocation data enables WagerWorks customers to identify, in real-time, the location of would-be betters in order to comply with local laws. Projected to become a $5 billion market by 2003 (source: Bear Stearns), online gaming is illegal in some countries, including the United States.
“Our deal with Quova compliments WagerWorks' strategy of providing the most comprehensive, compliant, online gaming solution,” said Paul Mathews, WagerWorks Vice President of Government Affairs. “The opportunity to align WagerWorks' product with Quova's demonstrated capabilities is another component that will, with reasonable assurance, allow our licensed operators to meet or exceed online gaming compliance standards in fully regulated markets.”
Quova’s GeoPoint service determines the location of Internet users by mapping the Internet infrastructure of over 4 billion IP addresses. The service was designed from the ground up specifically to meet the needs of the busiest Web sites and the most demanding applications.
“Complying with territory-specific laws can be a challenge for companies in regulated industries,” said Marie Alexander, Quova president and CEO. “We’re committed to working with industry leaders like WagerWorks in order to help these companies bring their businesses online.”
Founded in January 2000, Quova, Inc. provides Internet infrastructure intelligence services to online businesses. Quova's first service, GeoPoint, provides the geographic location of Web site visitors in real-time, enabling businesses to manage digital rights, target content, detect fraud, conduct site analysis and foster regulatory compliance. With over 70 industry-leading customers and partners such as Amazon.com, CNET Networks, Real Networks and Visa International, Quova is the geolocation market leader. A privately owned company with investments from VeriSign, Mobius Venture Capital (formerly SOFTBANK Venture Capital), IDG Ventures, Nexus Group, and Fidelity Ventures, Quova's main headquarters are located in Redwood City, California, with European headquarters located in Amsterdam. The company can be reached at Kruislaan 419, 1098 VA, Amsterdam, The Netherlands, by phone at +31 20 8884530, by fax at +31 20 8884531, by email at email@example.com, and on the Web at http://www.quova.com/.
WagerWorks, Inc. develops and markets a complete Internet gaming solution that enables established casino companies in regulated markets to leverage their market position and brand equity online. As a veteran of the traditional casino industry, WagerWorks has adhered to the highest standards imposed by the U.S. regulatory authorities. Founded in April of 2000 by Silicon Gaming, Inc., the company has implemented a broad line of products with unparalleled integrity and un-matched quality, including the Odyssey slot machine and accompanying library of innovative game titles.
Note for the editor:
Marijke van Hoogdalem
T. +31 20 8884530
Quova, the Quova logo and GeoPoint are service marks of Quova, Inc.