Geolocation compliance technology specialist GeoComply has announced an extension of its services within the US, as the firm receives a green-light to enter Colorado.
Voters in the Centennial state approved legal sports betting in November 2019 with a date of May 1, 2020, stipulated at launch date, a timeframe that has come under increasing scrutiny due to the coronavirus pandemic.
GeoComply details that it has received a vendor minor licence following “a special meeting” held by the Colorado Limited Gaming Control Commission.
This license will enable sports betting operators in Colorado to utilise GeoComply’s geolocation compliance solution as a part of their online sports betting apps and websites.
“We are pleased to be approved to service our clients and partners in such a sports-driven market as Colorado,” stated Lindsay Slader, VP of regulatory affairs at GeoComply.
“The GeoComply team is prepared and ready to support the roll-out of online sports betting as quickly as the state is able to launch its live operations.”
Proceeding towards launch date despite the spread of COVID-19, the state’s 30 commercial and tribal gaming properties are currently shutdown for an initial duration of 30 days due to a directive issued on March 17.
Quoted in US media outlets last month on the prospect of launch date being pushed back Dan Hartman, the director of the Colorado Division of Gaming, stated. “We have not really approached the launch date yet. We’re still moving everything forward as far a licensing and everything to make sure we reach that May 1 date and are able to go.
“Those discussions certainly will happen later on, probably in April as this COVID crisis moves forward and we see where the casino industry is at, at this time.”
In excess of 20 licenses have been handed out thus far, including FanDuel, DraftKings, Twin River, Churchill Downs and Wynn Resorts, with tax set of 10 per cent of gross gaming revenue.