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HGN INVITES LICENCE APPLICATIONS FOR REMOTE GAMING

Scott Lewis and his 1st Technology patents on Internet gambling technology have dominated the headlines recently in bruising but successful encounters with Parlay Entertainment and Bodog, but this week a patents action name from past years was back as Mel Molnick and his Home Gaming Network resurfaced in the business press.
 
Molnick was at the centre of a number of controversial patent disputes some years back as he enforced his numerous international patents for "remote wagering on live games and events utilizing electronic transactions."  This week, he issued a press release with an open invitation for online gambling operators to apply for licenses to continue their activities.
 
The Internet veteran's statement advised that HGN is now entertaining requests from casino gaming operators outside the USA interested in obtaining a license of HGN's/Molnick's world-wide patents for poker and player-to-player or P2P live gaming events utilising electronic fund transfers for remote players.
 
Molnick's patents pertain to a business method for remote wagering on live games and events utilising electronic transactions. Specifically, via remote wagering, consumers can place bets from anywhere in the world without having to go to an actual wagering entity such as a casino, race track, sports book, or off-track betting parlour.
 
Location-free wagering such as this is delivered to consumers via the Internet, satellite and cable television, and wireless technologies. Live games and events include casino-style games, pari-mutuel wagering, lotteries, sports betting, bingo, keno, and more. Electronic financial transactions are executed by credit card, debit card, smart card, as well as e-cash and any other electronic funds transfer.
 
The patent, first published in the European Patent Office for worldwide notice in November 1999, provides the licensee with full provisional patent protection in a multi-billion a year business.
 
Patent references are: European Patent No: 0 956 118; United States of America Patent # 5,800,268; Australian Patent #'s 755152 & 757705

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Gambling News :

Loot’enKhamun Pays $3.8 Million Jackpot - A London-based construction worker’s year got off to a great start when he hit the Loot’enKhamun jackpot at bwin casino.

PlaySugarHouse To Carry Konami Content - Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.

ITF TERMINATES BETWAY SPONSORSHIP DEAL - The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.

GSA To Launch European division - The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.

Paddy Power Trading Update - Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.

Tabcorp SunBets project - The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.

SOUTH KOREANS BUSTED IN THAILAND ON ONLINE GAMBLING CHARGES - Those detained were named as Jeong Kyujin (35), Han Kyoreh (26), Choi Sung Ming (35) and Bae Jeonghwan (26), all of whom claimed that they had bene hired by a Korean man to operate online gambling sites.

China Lottery Sales Up in 2016 - The Chinese official news agency Xinghua reports that according to figures from the Ministry of Finance released Monday, Chinese lottery sales in 2016 rose 7.3 percent year-on-year to 394.64 billion yuan (about US$57.53 billion).

New chairman and a new director for 500.com - Chinese online lottery operator 500.com has announced major executive changes to the company with the apparently amicable departure of director and chairman Man San Law, as well as director Weiguo Zhao from its board of directors, effective January 20, 2017.

Russian betting Sites to face rise in tax rates - Online bookies also pay a 1 percent commission on each transaction through the TSUPIS, and face levies at 5 percent of GGR to assist Russian sports federations.

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