Houston, TX (PRWEB) January 09, 2012
Technology entrepreneur Russell Carter has welcomed the recent U.S. Department of Justice (DOJ) decision approving intrastate gaming and the Nevada Gaming Control Board’s (NGCB) announcement that in February 2012 it will start accepting applications to offer online poker services to players located within state borders. By 2015, industry analyst firm IDC projects that more U.S. residents will access the Internet via mobile devices than via landline connectivity.
Mr. Carter is the owner of U.S. Patents 7,510,474 and 7,828,654 a “Location Based Mobile Wagering System” and a “Location Based Gaming System.” These patents, which will be required by all regulatory-compliant online and mobile gaming operators in the United States, cover poker, lottery, sports betting, casino and massive multi-player online gaming (MMOG), with both physical and virtual currency. Carter is in discussions with a number of potential operators of lotteries, online gambling services in Nevada and social networking companies regarding his intellectual property.
With priority date of April 2001 and a continuation on file, the provisional status will allow additional patent filings while maintaining the original 2001 priority date.
“This is great news for the many thousands of U.S. residents who would like to play mobile lottery and poker without breaking the law,” said Russell Carter. “It’s not just poker players who will benefit; by legalizing and taxing online poker within state borders,” he continued. “Nevada and other U.S. states will be able to raise billions of dollars at a time when budgets are being squeezed.”
With Goldman Sachs estimating that the U.S. market for online casinos and poker could be worth $12 billion, and individual states, like Nevada, now beginning to liberalize, both U.S. and overseas gaming operators are starting to execute their market entry strategies. For example, in April 2011 the UK’s William Hill PLC announced that it had signed an agreement to acquire American Wagering Inc. (AWI), which operates mobile sports betting services under the Leroy’s Brand.
“While state lotteries can now reap the rewards of an additional $3 billion in lottery revenue for regulatory compliant online operators, so will be the downside for any who fail to meet the stringent legal, regulatory and technical standards. This includes making sure that online/mobile gambling services are not made available to anyone located outside the participating state borders, where they remain illegal. Taking a bet from a player located outside a legal jurisdiction could mean losing your license,” added Carter.
About Russell Carter
Formerly with IBM, in July 2009, Carter founded an early stage start-up, Interactive Mobile Broadband Corp., with a mission to help state and other legal remote gambling operators validate the ages and locations of prospective customers.
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