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kenilworth systems corp (KENS) Snapshot

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02/27/14 - $1.01
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01/22/15 - $0.20
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kenilworth systems corp (KENS) Details

Kenilworth Systems Corporation, a development stage company, engages in the development of terminals that would permit individuals to play with live in-progress casino table games at locations inside and outside the casino confines worldwide. It would provide games through television simulcast of digital satellite and digital cable broadcasts to individuals at homes, offices, and public gathering places, as well as television sets. The company is selecting lotteries to manage and operate the distribution and cash handling using the lotteries’ existing databases for the sale of lottery tickets, and paying winnings at regular lottery licensed terminal locations. Kenilworth Systems Corporation was founded in 1968 and is based in Mineola, New York.

3 Employees
Last Reported Date: 03/31/11
Founded in 1968

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kenilworth systems corp (KENS) Key Developments

Kenilworth Systems Corporation Signs Technology Development Agreement

Kenilworth Systems Corporation announced the signing of a memorandum of understanding to finish development of the company's remote table wagering technology, which is forecast to bring substantial revenue to the company. Under the terms of the understanding, Kenilworth will license its patented table gaming intellectual property to WagerPort (UK) Limited in return for USD 1 million of convertible preferred stock of WagerPort Limited plus a royalty of 20% of WagerPort gross revenue.

Kenilworth Systems Announces the Design and Prototyping of the WagerPort Module

Kenilworth systems has announced design and prototyping of the WagerPort proprietary data capture module essential to the company's live casino gaming system. The data capture system, which uses patented technology owned by Kenilworth, is the essential 'front end' of the system being developed to allow casinos to offer live gaming to clients in locations remote from the casino and will allow those clients to access their existing credit lines with the casinos. Kenilworth will receive income from the casinos as a percentage of the net wagering volume brought to the casino through the WagerPort system. The new WagerPort data capture module employs multiple high-definition, multi spectral, video cameras and broadcast quality audio microphones to faithfully capture the sights and sounds of the actual operating casino, transmits encoded digital signals via fiber-optics to a custom digital processing platform located within the casino. The video and audio are combined in real time and streamed to casino clients via the worldwide web.

Kenilworth Systems Corp. Appoints Friedman LLP as Auditor

On May 20, 2013, at a special meeting of the Board of Directors of Kenilworth Systems Corporation, the Board approved the engagement of Friedman, LLP as the company's independent registered public accounting firm to audit the company's financial statements for the fiscal years ending December 31, 2005 through 2012.


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