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Americorp Investments And Arrow Gaming Expand Gaming Portfolios

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Americorp Investments And Arrow Gaming Expand Gaming PortfoliosReading Time: 3 minutes

 

Patents Provide Extensive Protection for Wagering and Technology

 

Americorp Investments LLC, a company focused on acquiring, developing and commercializing innovative technologies for the gaming industry, announced that it has been awarded an additional patent by the United States Patent Office.  This patent is the 25th U.S. patent for gaming granted to Americorp or its affiliate Arrow Gaming.  Americorp and Arrow also hold six gaming patents issued in Japan and the Philippines and have 37 gaming and related blockchain technology patents pending in the EPO and PCT countries and jurisdictions worldwide.

Newly-granted U.S. Patent No. 10,297,106 covers distributed multi-ledger gaming architectures allowing for the creation and execution of customized bets.  The patent includes the latest in technology such as smart contracts and also covers the technology in Americorp’s forthcoming blockchain wagering platform.  This comprehensive patent also covers the generation and management of customized transactions (such as transactions that can be stored and automatically executed through smart contracts) via a gaming application/service.  The customized bets can be between the player and any other party, including, among others, a casino, another player and a sports book.

Sports betting is expanding rapidly across the United States since a federal law limiting the activity to Nevada was overturned in 2018.

Arrow’s U.S. and international patents and patents-pending cover numerous aspects of gaming including, among others:

  • Online and land-based casino and interactive games involving skill, including eSports, card, skill-based, hybrid, peer-to-peer, augmented and virtual reality games, gamblification of arcade games and video games;
  • Tournament style games, individual player games and games with virtual tables, among others;
  • Location-based restrictions for mobile gaming allowing platforms to customize or restrict gameplay based on location;
  • Games with variable payback and dynamic adjustment of gaming parameters;
  • Collusion detection and detection of automated play;
  • Artificial intelligence for the review of gameplay;
  • Land-based machines and electronic gaming devices, smartphones and tablets such as Apple iOS and Android models;
  • Daily fantasy sports; and
  • Numerous other technologies.

Americorp founder and CEO Jordan Simons remarked: “Our combined inventions, as reflected in our growing patent portfolios include a broad range of the technologies and services that are core to the next generation gaming experience.  Our patents include regulated and non-regulated cash and social gaming and offer an intellectual property roadmap for the industry’s future.  We have assembled a great team of industry insiders and we welcome partnerships that will enhance our deployment and distribution of our portfolio.”

Gaming Industry veteran John English, Partner and Managing Director of Sports Betting and Technology at Global Market Advisors stated: “Americorp’s new patent recognizes a dynamic innovation that I believe will revolutionize the gaming industry. Sports betting and Esports are growing at incredible rates globally.  The ability to easily create and track customized bets utilizing the blockchain is a truly exciting proposition.”

Mr. English added:  “Arrow Gaming created and resolved key impediments for the gaming sector with its cutting-edge geolocation-based solutions, smart contracts and collusion detection systems. The Americorp blockchain technology covered by its latest patent will be a phenomenal asset to current operations and to the next wave of the gambling and hospitality boom.”

Gaming industry analysts report that the demand for modernized gaming technology and services is rapidly growing as consumers seek the ease and convenience of cash and social gaming from mobile devices. Americorp’s and Arrow’s inventions and patents are key to unlocking the value of this demand.

 

About Americorp:
Americorp Investments is a private holding company that develops, invests in, manages assets and businesses, with a focus on intellectual property rights related to new technologies.  Americorp has 14 issued patents and patents-pending worldwide.

About Arrow Gaming:
Arrow Gaming has built an IP portfolio built around advanced gaming technologies that includes more than 50 issued patents and patents-pending around the world, including patents issued in the United States, Australia, Canada, Japan, Korea, and the Philippines, and patents-pending in the United States, EPO and PCT countries.  Collectively, these patents and patents-pending cover numerous aspects of interactive gaming, network-based gaming, skill-based gaming, peer-to-peer gaming, collusion avoidance techniques, multi-player skill-based tournaments, matching techniques for peer-to-peer play, odds-based sports wagering, pari-mutuel wagering and daily fantasy sports wagering.

Editors and investors are cautioned that forward-looking statements involve risks and uncertainties, which may affect business prospects and performance. Actual results may differ materially from the results predicted and reported results should not be considered an indication of future performance. Potential risks and uncertainties may include economic, competitive, governmental, technological, or other factors.

All trademarks are the property of their respective owners. © Copyright Americorp Investments LLC. 2019. All Rights Reserved.

 

Source: Arrow Gaming


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Americorp Investments And Arrow Gaming Expand Gaming Portfolios

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UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars Entertainment

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UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars EntertainmentReading Time: 2 minutes

 

Eldorado Resorts and Caesars Entertainment jointly announced a proposed transaction to combine the two corporations, pending shareholder and regulatory approvals. The deal is to be based on $7.2 billion of new debt financing and $500 million of cuts and other “synergies.” UNITE HERE, the hospitality workers union, represents approximately 25,000 workers at Caesars and Eldorado properties.

UNITE HERE-represented union casinos accounted for approximately 68% of the pro forma $30 billion combined Caesars-Eldorado EBITDAR in 2018. These 22 UNITE HERE union casinos altogether include over 50% of the combined company’s total hotel rooms, over 30% of its total slots, and nearly 40% of its total table games. UNITE HERE locals are currently in contract negotiations with Eldorado at Circus Circus Reno and Isle Pompano Beach. Contracts at six additional UNITE HERE union casinos in the combined Caesars and Eldorado portfolio will expire in 2020, including four properties in Atlantic City.

UNITE HERE issued the following statement from President D. Taylor:

“UNITE HERE has had a positive relationship with Caesars Entertainment over the years, and 25,000 union members have been excited to help the company reinvest and rebuild as it recovers from the disastrous leveraged buyout led by Apollo and TPG. It is in this context that we approach the proposed sale of the company with great concern.

Yesterday, Eldorado announced cost-savings of $500 million in the first year of the combined company. Where are they going to cut? We will not stand by idly if the proposed Caesars-Eldorado transaction will lead to significant job losses, worse wages and benefits for our members, and lower state gaming tax receipts in the many communities where members we represent work and live. Casinos operating under privileged licenses are meant to create significant benefits for host communities, including family-sustaining jobs and local government funding based on gaming taxes.

We will support changes at Caesars that preserve the company’s long-term financial health and provide a sustainable path to good jobs in vibrant gaming markets across the country.”

2018, 7,700 UNITE HERE members went on a multi-city strike at Marriott hotels across the United States and won historic settlements in Boston, Detroit, San Francisco, San Jose, Oakland, San Diego, and Hawaii.

UNITE HERE represents over 300,000 hospitality workers in gaming, hotel, and food service industries in North America and provides analysis from the perspective of those who work in these industries.

 

Source: UNITE HERE


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars Entertainment

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UK NHS to Open Gambling Clinic for Children

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The UK’s NHS is going to open its first gambling clinic for children.

According to the Gambling Commission, there are 55,000 children classed as having a gambling problem in Britain. The Commission also found that a total of 450,000 are gambling regularly.

“This action shows just how seriously the NHS takes the threat of gambling addiction, even in young people. The links between problem gambling and stress, depression and mental health problems are growing and there are too many stories of lives lost and families destroyed,” Simon Stevens, the NHS England chief executive said.

The move was welcomed by Carolyn Harris, the Labour MP for Swansea East, who said attitudes around problem gambling was at last shifting. “For too long the industry has dismissed problem gambling but now is the time for polluters to pay,” she said.

“The clinic will open as part of a new network of services for addicts being rolled out as part of the NHS Long Term Plan. Specialist face-to-face NHS treatment for gambling addiction has only been available in London but is being made available across the country as part of the new strategy,” NHS England said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: UK NHS to Open Gambling Clinic for Children

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Mobile Betting Bill Fails to Progress Through New York Assembly

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Mobile Betting Bill Fails to Progress Through New York AssemblyReading Time: 1 minute

 

Senator Joseph Addabbo’s mobile betting bill has failed to progress through the New York Assembly. The legislative session saw S17 fail to progress beyond the Assembly Standing Committee on Codes.

Addabbo tweeted that he saw no clear reason why the state could not implement mobile sports betting in 2019. Failure to do so would see the state miss out on around $75m in revenue, funding for education, and both job creation and retention.

“NY will be stuck like a disabled car on the shoulder, while we allow an illegal sports betting business in our state thrive and idly watch other neighboring states pass us up with enormous revenue gains from mobile sports betting,” Addabbo said.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Mobile Betting Bill Fails to Progress Through New York Assembly

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