LexisNexis Risk Solutions has announced a strategic alliance with Radar, a provider of geofencing technology.
This collaboration integrates Radar's geofencing, mapping and geo-compliance capabilities with the advanced data and technology from LexisNexis Risk Solutions.
Together they will deliver a robust solution for gaming and gambling operators that will help ensure that devices used for online gambling in the US comply with applicable state regulations.
This alliance emerges at a pivotal time for the gaming and gambling sector, which is experiencing record-breaking revenue of more than $66bn annually, marking a 10.3 per cent year on year increase, according to the American Gaming Association.
This growth has driven the development of new regulations aimed at preventing law circumvention and addressing unregulated electronic gaming devices, which the AGA says generate an estimated annual revenue of up to $44.2bn.
