Kenilworth Systems Announces The Design And Prototyping Of The WagerPort Module

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Aug 27, 2013, 08:00 ET

UNIONDALE, N.Y., Aug. 27, 2013 /PRNewswire/ -- Kenilworth has announced design and prototyping of the "WagerPort" proprietary data capture module essential to the Company's live casino gaming system. The data capture system, which uses patented technology owned by Kenilworth, is the essential 'front end' of the system being developed to allow casinos to offer live gaming to clients in locations remote from the casino; and will allow those clients to access their existing credit lines with the casinos. Kenilworth will receive income from the casinos as a percentage of the net wagering volume brought to the casino through the WagerPort system.

Recent removal of US Federal restrictions on Internet gaming, plus quickly emerging regulations in Nevada, Pennsylvania, and New Jersey, validates the decision of casino operators to offer Internet gaming to their clients. Except for Kenilworth all proposed Internet gaming is via web-sites where the player is just one of thousands playing against a computer. Only the Kenilworth system is designed to capture the result of an actual live table game from a licensed operating casino.

The new "WagerPort" data capture module employs multiple high-definition, multi spectral, video cameras and broadcast quality audio microphones to faithfully capture the sights and sounds of the actual operating casino, transmits encoded digital signals via fiber-optics to a custom digital processing platform located within the casino. The video and audio are combined in real time and streamed to casino clients via the worldwide web.

Dan Snyder, CEO of Kenilworth, stated, "The total system will capture and record every wager on the live table, plus the bets of remote clients; and, importantly, capture and preserve the result of each game such as a spin of the roulette wheel. Casino operators will greatly benefit from the flood of returning business, but without the associated overhead of live visitors. Clients will be encouraged by the absolute security and assurance of regulatory compliance. Regulators and casino operators alike will appreciate the complete preservation of every bet in every game, for which software is currently under development."

Mr. Snyder added, "What Kenilworth does in Vegas will definitely not stay in Vegas."

FORWARD LOOKING STATEMENTS

The information contained in this Press Announcement includes "forward-looking" statements within the meaning of section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbors created thereby. Such information involves important risks and uncertainties that could significantly affect results in the future and, accordingly, such results may differ from those expressed in any forward looking statements herein. Future operating results may be adversely affected as a result of a number of factors.

More information: Email [email protected]

SOURCE Kenilworth Systems