03/02/2012 : KENILWORTH MOVES TO MONETIZE LIVE DEALER CASINO ACTION
Joint venture with Phortner will develop new financial transaction software
Live dealer gambling technology provider Kenilworth Systems Corp. has inked a joint venture agreement with South African payment technology company Phortner Limited to develop financial transaction software for use in online gambling.
Kenilworth's subsidiary, KenSysCo Gaming Inc., and Phortner will collaborate on a new product titled WagerPort, making use of both KenSysCo and Phortner patents.
"The agreement with Phortner is a critical step for Kenilworth," noted CEO Dan Snyder his week. "Our expertise is in the high-definition video capture, streaming, and display of live casino action. Phortner's patented technology provides for secure money transfer and wagering audit data as required by a well-regulated industry."
WagerPort Inc. will be co-located with KenSysCo Gaming in Las Vegas, drawing on management expertise from both Phortner and Kenilworth, as well as from a pool of experienced international gaming professionals based in Nevada.