Xpoint, an emerging geolocation and compliance technology company focused on the real-money online gaming market, announced that it has named Manu Gambhir Chief Executive Officer, effective May 1. Co-Founder Marvin Sanderson will focus on leading Xpoint’s Business Development.
Manu Gambhir is a well-known industry leader with more than twenty years of experience in the United States gaming market. Gambhir previously served as President of Enterprise Software at Games 24×7 (the leading real-money gaming company in India) and CEO of Thrive Gaming (which developed Wynn Resorts’ strategy and initial product for online gaming in New Jersey), and he previously founded two digital gaming platforms, Kismet Studios (acquired by Cantor Fitzgerald) and Ryzing (acquired by RockYou).
“Manu is the ideal leader to guide Xpoint in the next stage of its journey from scrappy disrupter to a trusted industry leader, and we are excited to welcome him aboard,” said Xpoint Director David VanEgmond of Bettor Capital. “His deep understanding, experience and relationships across the real-money gaming market will accelerate the rapid growth and traction Xpoint has experienced in the past year.”
“I am committed to growing Xpoint into a leading geolocation provider for real-money gaming and other regulated industries that need this technology,” said Manu Gambhir, Chief Executive Officer of Xpoint. “I look forward to working with Marvin and the entire Xpoint team to bring an innovative and extremely reliable solution to real-money gaming operators. As we look out to the near future, we see tremendous potential to harness location data to provide AI-driven insights that will allow our clients to better understand their customers to drive engagement and retention.”
Under Co-Founder Marvin Sanderson, Xpoint entered the United States real-money gaming market, and became the second geolocation software company approved to operate by the technical lab at the New Jersey Department of Gaming Enforcement. The Company is currently authorized to offer its services in ten states which includes recently received temporary online gaming software service provider licenses in Michigan and Indiana. The company has applications pending in numerous jurisdictions in North America.