LOS ANGELES, CA--(Marketwired - Oct 15, 2013) - CAMS, LLC, the leader in providing online operators with payment connectivity and Know Your Customer (KYC) verification services, today announced that Mark Lipparelli has been engaged by the company as an advisor. The company will look to him for strategic guidance as they navigate the newly-regulated internet gambling industry.
Lipparelli recently completed a four year term with the Nevada State Gaming Control Board where he was instrumental in the approval of a regulatory framework for Internet Gambling. During his tenure, he served as Board Chairman for 2011 and 2012.
"Mark adds an additional layer of business acumen to our efforts," said Matthew Katz, CEO of CAMS. "His vision for Nevada enabled the industry to move forward and provided the first licensed and regulated market for online gambling in the US. We will look to him for guidance as the industry continues to expand and evolve."
Prior to his service to the State of Nevada, Lipparelli founded Gioco Ventures, LLC, a development stage technology company. Earlier in his career, he served in senior management positions for many of the gaming industry's leading technology companies including Bally Technologies, Shuffle Master and Casino Data Systems. He also serves as an advisor to several gaming, entertainment and investment entities.
Using proprietary and industry-leading applications, CAMS provides merchants in the gaming industry with the tools they need to reduce risk, comply with regulation and increase profitability. Merchants leverage CAMS' expertise in payments connections, Know Your Customer services, geo-location, and fraud management -- all through a single integration, thereby saving time, money, and valuable resources.
"CAMS earned a leadership position through hard work, innovation and support of good regulation," said Lipparelli. "My association with CAMS presents the opportunity to further shape the nascent internet gambling industry within the US. The future of US-based internet gambling lies with innovators like CAMS."
Lipparelli is a frequent speaker at industry events and his writing has appeared in respected industry journals and news outlets. Through the course of his career, he has earned licensure from gambling jurisdictions throughout the globe.
About CAMS, LLC
CAMS is a multi-tenant Software as a Service (SaaS) solution powered by Verifi, Inc. offering gambling operators the ability to collect and manage player information, comply with regulatory policies, manage player account limits, allow players to self-exclude, as well as manage payouts and taxation all within a white label solution customizable for each site. CAMS, LLC, is headquartered in Los Angeles, California.
For more information on CAMS, please call 1.323.655.5789 or visit www.CentralAMS.com.