Kenilworth Systems Corp. Gaming Tech Operation Moves to Las Vegas
February 23 2012 - 1:35PM
Marketwired
Kenilworth Systems Corp. (PINKSHEETS: KENS) today announced another
important Company development in a move to monetize patented
live-gaming technology: the establishment of a Nevada division
dedicated solely to online wagering applications for casino
clients.
Kenilworth's technology will be developed by subsidiary KenSysCo
Gaming Inc. located in Las Vegas, the hub of the world gaming
industry. KenSysCo will have its own management team of the
brightest and most experienced international gaming professionals
drawn from the exceptional pool of executives in Nevada.
Casino senior executives with direct knowledge remind that "USA
and world online gaming regulations are currently based on Nevada's
well regulated approach, or will be in the future. Following
Nevada's lead, online wagering must be well regulated, very secure,
legally compliant, and exclude under age or unsuitable
participants."
"Kenilworth's future has been dramatically enhanced by recent
dramatic changes in the US online wagering regulatory environment,
literally throwing wide the door to our new and innovative
technology for remote live gaming. Good technology can bring
consumer friendly, safe and secure, wagering to mobile users and
the home environment; and Kenilworth's patented technology is core
to this play," stated Dan Snyder, Company CEO.
"KenSysCo Gaming will complete development and bring to market
our mobile gaming, X-Box, and PlayStation applications that have
been quietly under development for the last year. The close
proximity of our target customers, the casino operators, and
Nevada's business-friendly environment make Las Vegas the logical
venue for us. This is just the beginning!
As to Kenilworth wagering technology, "what happens in Las Vegas
will definitely not stay in Las Vegas!"
Kenilworth Systems Corporation is an integrated technology
corporation with intellectual property assets and technical
capabilities in the live online gaming sector. The Company is based
in Uniondale, New York.
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.
Kenilworth Systems Corporation Email Contact
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