Kenilworth Testing Enhanced Remote Gaming Systems

MINEOLA, N.Y., April 14 /PRNewswire-FirstCall/ -- Kenilworth Systems Corporation (Pink Sheets: KENS)...Under the auspices of the Dominican Casino Gaming Board and after 4 months of testing, Kenilworth has proven global Remote live casino gaming streamed over the Internet is a viable business for the casino operator and governments.  Kenilworth has been testing its patented system at the Sosua Bay Grand Casino in the Puerto Plata Resort pursuant to a six (6) month Simulcast Test Agreement. The technology offers lottery players the opportunity to participate in live casino gaming from their own homes. Gaming enthusiasts in the U.S. have enjoyed playing along for fun only with roulette game test broadcasts (www.rlcp.com) from the Sosua Bay Grand Casino.  It is the next best thing to playing at the casino table.

Herbert Lindo, Chairman and CEO of Kenilworth stated, "With the success of the Roulette game test, we now plan to include Texas Hold'em and Mini Baccarat games played at the Grand Bay Casino for INTERNET broadcast to the U.S., Caribbean, European and Asian markets, when and where permitted.  

"Further, we believe the potential tax revenue available from REMOTE casino players could substantially enhance the projected $65 billion in income tax collections over ten (10) years estimated in a recent study by PricewaterhouseCoopers, LLP.  Remote wagering is estimated to be a potential $500 billion annual global market.  We believe the US portion of this global market could yield as much as $30 billion annually in tax revenue shared among federal, state and local governments. This revenue would be derived principally from daily fees in the range of $2.00-$5.00 paid by REMOTE players once the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) is repealed.  

"By selecting lotteries and their operators for the cash deposits required for REMOTE casino wagering ensures that the under aged won't participate.  Lottery terminal operators must observe minimum age laws under criminal penalties.  By managing all wagering action with the lottery data system, the system will be able to identify compulsive gamblers and limit or shut down their obsessive gambling habits."

FORWARD-LOOKING STATEMENT

 
This report contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-Q and other filings made by the Company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this report are made as of the date hereof and Kenilworth undertakes no obligation to update such statements.

SOURCE Kenilworth Systems Corporation

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