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Kenilworth Systems Sells Patents to Interactive Systems Worldwide

Friday December 12,2014 : KENILWORTH SYSTEMS SELLS PATENTS
 
Agreement with Interactive Systems Worldwide Inc worth $1.1 million.
 
Kenilworth Systems, a low value stock, technology company that industry veterans will recall has been dabbling with online  and live dealer gambling projects for years without achieving too much success  has announced the sale of its patents-holding company to Interactive Systems Worldwide, Inc.
 
Dan W. Snyder III, president and CEO of Kenilworth said that his company has signed a Memorandum of Understanding with ISWI agreeing the transfer Kenilworth's patent holding subsidiary to ISWI in exchange for $1.1 million in ISWI shares and warrants.
 
"This action will effectively merge the gaming opportunities of both companies; and increase shareholder value of both companies. The ISWI securities are scheduled to be distributed to the KENS shareholders of record on December 31, 2014, which will provide excellent cross-company opportunity for shareholders," he said.
 
Steve Johns, president of San Diego-based ISWI, commented: "ISWI has a track record of developing and implementing gaming software. ISWI and subsidiaries wrote the software that has been used by major sports book operators in the EU and Las Vegas since 1999, and is fully prepared to integrate the KENS intellectual property and expertise at this important time in international online gaming."
 
Kenilworth patents have been kept fully compliant in the USA, Canada, European Union, Japan, and China.
 
Snyder claims that important progress has been made in designing technology to develop the intellectual property afforded by the patents.
 
Founded in 1968 and based in Mineola and Uniondale, New York, Kenilworth Systems Corporation has been involved in  developing online wagering technology and live dealer products over the internet for casino clients.
 
The company has also developed terminals that would permit individuals to play games through television simulcast of digital satellite and digital cable broadcast at homes, offices, and public gathering places, as well as television sets.



Gambling News :

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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