This is why KENS is UP after latest US Congressional Vote:
From CGAQ Press Release 6/12/09
Kenilworth owns patents filed in the U.S. and in fifty-one (51) industrialized countries including China, Japan and Russia in which are located 2,151 casinos. The patents are for systems and methods for playing casino table-type games such as roulette, dice and baccarat in an interactive manner at sites remote from the actual casino table at which cameras follow the live game that is being played in strictly regulated casinos. It allows players to be able to wager as if they are in the actual casino playing at tables rather than virtual make believe or number generated casino games from studios that European operators wish to promote in the United States, when online internet online casino gaming legislation introduced by Congressman Barney Frank becomes law, it will create huge tax benefits for local/state and federal budgets.
The patented technology includes the use of lottery-type terminals that accept cash deposits while managing the wagering by using lottery data systems that can easily identify problematic gamblers and limit or shut down their compulsive gambling habits and also prevents underage participation when state operated lotteries become involved.
Herbert Lindo, Chairman and Chief Executive Officer, stated: "Simulcasts of remote casino table games to homes, cell phones, public gathering places such as caf?s, hotels, resorts, horse race tracks and selected restaurants and bars is the direction of the future."
Lindo further stated: "Denmark, Sweden, Poland, Switzerland and France have either passed or are preparing legislation permitting only remote live games from their own casinos with the same tax benefits, halting virtual wagering and number generated games along with studio games. The reason we are developing the software and the required equipment is to market the live game broadcast technology together with licensing our patents."
As part of the Test Agreement, among other considerations, Kenilworth will pay one half of one percent (.05%) for a period of ten (10) years, from the net, net win earnings from an estimated undisputed annual $500 billion worldwide market in the not too distant future (up to $2.5 billion annually). Kenilworth's software and technical personnel will assist Caribbean, if needed, to complete the Texas Hold Em tournament broadcast system.
