Licensed and regulated gaming is soon to be an $8.5B market in the US by 2018. With so much capital at stake, there has been a growing emphasis on data, security, and regulation in the industry. CAMS (Central Account Management System) provides a SaaS solution to help gambling operators manage their businesses most vital assets, its players.
Today, we sit down with founder and CEO, Matthew Katz to learn about the company, its services, and what its like to be Made in LA.
Tell us about the product or service
CAMS is a multi-tenant Software as a Service (SaaS) solution powered by Verifi, Inc. (the leader in managing fraud risk for Card Not Present merchants), CAMS provides gambling operators (licensed and regulated online casinos, poker sites and state lotteries online) 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 geolocation, payouts and taxation all within a white label solution customizable for each site.
How is it different?
CAMS simplifies the regulatory compliance process by combining the industry’s best age and ID verification and geolocation services into one easily manageable suite of solutions. By offering one point of integration CAMS clients save significant resources.
What market are you attacking and how big is it?
As of today, CAMS focuses exclusively on licensed and regulated gaming and lottery sites within the United States. The US market is estimated to gross $8.5 billion by 2018 according to H2 Gambling Capital & iGaming Business magazine.
What is the business model?
We operate on a transaction-based pricing model that enables merchants to pay for only what they use. Our clients come to us because we simplify the regulatory process.
We’ve taken great care to recruit executives who possess complimentary skills and the ability to work as a closely-knit team. There’s so much more to Los Angeles business than entertainment. If you know how to look, you can assemble an excellent team for almost any kind of business.
What are the milestones that you plan to achieve within six months?
CAMS was one of the first movers within the industry. As such, we spend the bulk of our time improving upon our service offerings while observing the industry as it evolves. The US iGaming industry has another 5 years of development before it reaches its true peak. Our milestones are to help shepherd the industry along through our service offerings and providing leadership in terms of payments and regulatory compliance.
If you could be put in touch with one investor in the community who would it be and why?
At this point, we’re not currently looking for investors, but we always keep an eye out for solid partners who can assist us in advancing the industry.
What does being “Made in LA” mean to you and your company?
Los Angeles has an emerging tech industry that’s largely overlooked. For us, “Made in LA” means we’re proving that there’s so much more to LA than entertainment. Our company is thriving and our team gets to experience all that LA has to offer.
What else can be done to promote early stage entrepreneurship in Los Angeles?
People often move here to experience a more balanced lifestyle, but many feel as if they’re fenced into an entertainment-oriented career. If you look carefully, you’ll see a burgeoning IT infrastructure in Los Angeles that’s begging to be better-leveraged and funded.
What’s your favorite after work activity in Los Angeles?
Like most of my peers, I love the outdoors and tailor my activities to whatever season it may be. You could find me by the water or on my way to the mountains for a weekend. There’s no other place like Los Angeles and I try to take full advantage of all it has to offer.