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Americorp Investments And Arrow Gaming Expand Gaming Portfolios

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arrowgaming 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

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Oregon Lottery Shares its Expectations in Sports Betting

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3-12 Oregon Lottery Shares its Expectations in Sports BettingReading Time: 1 minute

 

The Oregon Lottery, which will be in charge of running sports betting in the state, has shared its sports betting expectations. The Lottery said that it expects to generate US$141.2 million in revenue.

The estimations are part of an analysis of the first three years after the launch of its SBTech-powered retail and mobile sportsbook, which was signed last month. The Oregon Lottery said that it will launch mobile sports betting soon.

The Oregon Lottery published projections for the sports betting market and said that total handle over the first three years of operations will total US$1.6 billion. The first year of operations could bring US$332.8 million, while the second would rise to US$555 million and US$722 million by the third year.

The Lottery also said that it expects customers to win around US$306 million in the first year, US$507.4 million in the second and US$656.2 million in the third. This means that the Lottery expects winnings to total US$1.5 billion after three years.

Gross gaming revenue (GGR) would stand at US$141.2 million. It would start at US$26.6 million in the first year of the contract and then increase to US$48.5 million in the second year and US$66.1 million in the third year.


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: Oregon Lottery Shares its Expectations in Sports Betting

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State Duma Approves the Bill to Simplify Customer Registration of Russian-licensed Online Sports Betting Sites

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2-12 State Duma Approves the Bill to Simplify Customer Registration of Russian-licensed Online Sports Betting SitesReading Time: 1 minute

 

Russia’s lower legislative body has approved the bill to simplify the customer registration process for Russian-licensed online sports betting sites.

State Duma has approved the third and final reading of federal law 423799-7, which will dramatically simplify the customer registration process. To take effect, the bill now requires the approval of the Federation Council and Vladimir Putin’s signature.

The bill explains that the “complex duplicate identification procedures” currently required to register with a Russian online bookmaker “encourages players to search for ways to overcome government measures … in order to gain access to foreign sites subjected to blocking by [Russian telecom watchdog] Roskomnadzor.”

The new legislation would allow bookmakers to delegate responsibility for customer identification to the TSUPIS, which will have three business days in which to transfer the info to the bookie. However, bookmakers may opt to conduct some due diligence on any new customer, just to be on the safe side.

If a bettor has already registered with Russia’s public services portal, both the bookmaker and the TSUPIS can accept this information as proof of the customer’s identity, so the customer need not make a physical trip anywhere.

There are some downsides to the simplified registration process, including a cap of RUB60k per individual transaction and a monthly cap of RUB200k for all transactions. However, this monthly cap can be overridden if the player verifies his document at TSUPIS partner’s retail location.

Nikolai Oganezov, who represents Betcity told that the new simplified registration could boost the overall domestic online betting customer base by 5% this year, with the growth up to 15% possible by the end of 2020.


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: State Duma Approves the Bill to Simplify Customer Registration of Russian-licensed Online Sports Betting Sites

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Maine Legislature Passes Sports Betting Bill

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1-12 Maine Legislature Passes Sports Betting BillReading Time: 1 minute

 

Maine legislature has passed the sports betting bill. The Legislative Document 553 was given final approval by each chamber of the legislature and will now pass to Governor Janet Mills to be signed into law.

LD553 opens up the market to all of the state’s bricks and mortar gaming venues, such as commercial racetracks, off-track betting facilities, and commercial and tribal casinos. It will also allow mobile operators to apply for licences without the need for a land-based partner in the state.

Successful applicants will have to pay $20,000 as licence fee, 10% tax on land-based wagering revenue and 16% rate for mobile wagering. The bulk of revenue raised through these taxes will be allocated to the Maine General Fund.

Operators will be permitted to offer odds on all professional, collegiate and amateur sports events. Betting on events involving Maine-based colleges and universities will be prohibited. Only citizens aged 21 and above will be allowed to bet.


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: Maine Legislature Passes Sports Betting Bill

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