More Location Technology Developed
Published: Friday, August 19, 2005 Online-Casinos.com
MORE LOCATION TECHNOLOGY DEVELOPED
US developer is looking for funding
Information Week writer John Soat offered a good story this week, prefacing it with his opinion that "....it's only a matter of time and technology until online gambling is legal in the United States."
Soat reports that continually improving technology will play a role in convincing US legislators that regulation is more practical than an unpopular ban. Apparently a company called Global Cyber Licensing LLC has been knocking on doors recently, trying to get funding for technology that may solve one of the issues holding back Internet gambling.
"We see ourselves as a tool of the regulators," says Paul Siegel, VP of product development for Global Cyber.
The company says its technology allows a gambler's location to be verified by the global positioning system, which solves one of the regulators' thorniest problems: how to keep online gambling within state lines (gambling is regulated on the state level).
Nevada legalised intrastate gambling a couple of years ago, but regulators have been stuck on how to enforce it. Also, Native American casinos, which are on tribal land and not subject to federal laws, are looking for ways to ensure the identities and location of potential online gamblers.
Siegel's company needs about $6 million to finish the software work necessary to make the system compatible with multiple Internet gambling devices, and to get an "associated equipment" license from Nevada gambling officials. The company is in discussions with "a Fortune 500 company that's invested a lot of money in online stuff over the last six to eight months," says Siegel. Maybe he'll hit the jackpot.
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