UNIONDALE, NY--(Marketwire -02/23/12)- Kenilworth Systems Corp. (Pinksheets: KENS.PK - News) 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.
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.