Las Vegas-based GameCo LLC (“GameCo”) and Vancouver-based OneComply Inc. (“OneComply”) have entered into a service agreement that will see the launch of OneComply, a web-based compliance, and licensing solution.
Arguably one of the United States’ most strictly regulated industries, the gambling industry is expected to adhere to extensive jurisdictional licensing and investigation processes. This leaves individuals and companies to manually file and submit lengthy applications to each jurisdiction for investigation and approval. This causes confusion on requirements, breakdown in operational and legal efficiencies, and out of date submissions as time goes on.
Founded by a team of former casino executives, tech engineers, regulatory investigators, and gaming counsel, OneComply has developed a comprehensive solution that allows gambling and gambling-related companies to store their licensing data and documentation for ongoing governance, regulatory investigation and the immediate creation of jurisdictional applications in secure cloud software.
“While we fully support the need for extensive applications and background investigations, a modernization of the process is urgently needed as companies look to maintain and grow their business efficiently. As a gaming executive, the amount of time spent not only with accountants and lawyers working on completing the documents but the time spent ensuring this information was consistent across applications and appropriately secured was an exhaustive drain of time and money that is better spent on running business operations,” said Cameron Conn, CEO, and Co-Founder of OneComply Inc.
“Our company was built on the foundation of innovation and look forward to supporting this modern approach to compliance. As a licensed manufacturer, we are constantly balancing market demand for our products with the ability to meet regulatory scale. We believe OneComply would reduce time, money, and complexity while delivering to the highest common standard,” said Blaine Graboyes, CEO of GameCo.
“We are very excited about the launch of the OneComply solution with GameCo. Support from companies like GameCo has been vital in ensuring the impactfulness of the product. We truly feel this will ease the ongoing stress companies face when meeting application and licensing requirements,” added Conn.
OneComply is currently focusing on the North American Market with full product scalability to meeting global regulatory requirements by 2021.