PNTV - Gaming Patents... Is where the money is at, not the company.
Kenilworth has proven global Remote live casino gaming streamed over the Internet is a viable business for the casino operator and governments. Kenilworth has been testing its patented system at the Sosua Bay Grand Casino in the Puerto Plata Resort pursuant to a six (6) month Simulcast Test Agreement. The technology offers lottery players the opportunity to participate in live casino gaming from their own homes.
Think about it.... Interactive Gaming from your TV at home.
"With the success of the Roulette game test, we now plan to include Texas Hold'em and Mini Baccarat games played at the Grand Bay Casino for INTERNET broadcast to the U.S., Caribbean, European and Asian markets, when and where permitted.
"Further, we believe the potential tax revenue available from REMOTE casino players could substantially enhance the projected $65 billion in income tax collections over ten (10) years estimated in a recent study by PricewaterhouseCoopers, LLP. Remote wagering is estimated to be a potential $500 billion annual global market. We believe the US portion of this global market could yield as much as $30 billion annually in tax revenue shared among federal, state and local governments. This revenue would be derived principally from daily fees in the range of $2.00-$5.00 paid by REMOTE players once the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) is repealed
Who will grab these patents first.... is the question. I'm just saying it would be in PNTV's best interest to take a look at the company for the assets they hold.
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