Dominican Republic Grants Exclusive Live Casino Broadcasts to Kenilworth Systems Corporation and Caribbean Casino and Gaming Corp

Jan 24th, 2010 | Posted by Mike | Filed under Other

MINEOLA, N.Y., Dec. 9 /PRNewswire-FirstCall/ — Kenilworth Systems Corporation (Pink Sheets: KENS) — Kenilworth reported today that starting tomorrow December 10, 2009 it will commence to offer political leaders and the public an opportunity to voice their support for U.S. House Financial Services Committee Chairman Congressman Barney Frank’s effort to repeal the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) and support his Internet Gambling Consumer Protection and Enforcement Act (HR 2267) to regulate and license online gambling sites in the United States.

The live in-progress REAL TIME casino table action that allows gambling enthusiasts to play along with casino table games without actually having to be at the casino, will serve to DEMONSTRATE and MARKET to the more than 2,000 casinos, within the borders, in the fifty-one (51) European and Asian industrial countries in which Kenilworth enjoys patent protection.

Kenilworth, pursuant to an exclusive Test Simulcast Agreement with the Dominican Republic Government and their casino Regulators extending over six (6) months (the test period), will begin global simulcast online (Internet) broadcasts from a Roulette table located in the Sosua Grand Casino that held its grand opening on October 24, 2009. The casino is now the centerpiece in the Sosua Bay Resort at Puerto Plata, Dominican Republic, the largest and most populated Caribbean Nation.

For now, with a special interface, U.S. and foreign viewers may play along with the table players, FOR FUN, by logging onto http://www.rlcp.com/ (Remote Live Casino Play) between the hours of 8:00 p.m. and 2:00 a.m. U.S. Eastern Standard Time.

In the future, when permitted in the United States, viewers will wager directly on the table game. PricewaterhouseCoopers and others recently estimated that Internet gambling in the U.S. could raise nearly $52-$65 billion in taxable revenue over the next decade (starting early in 2010). Wagers will be limited to the price of a slot machine or VLT (video lottery terminal) handle pull (from one cent ($0.01) and up). With special future promotional efforts to credit net book purchasers for free playtime and ten percent (10%) immediate tax payments to local, state and federal taxing authorities.

In a November 23, 2009 Newsweek statement by Brian Chan, the ban on the implementation of UIGEA will merely cause to reshuffle of payment options. The magazine asserts that as many as five percent (5%) of American adult residents gamble $100 billion annually on virtual (studios) number generated casino table action offered on foreign websites.

The simulcast test is a joint venture project between Caribbean Casino and Gaming Corp. (“Caribbean”). Caribbean is a gaming and entertainment company with headquarters in Bradenton, Florida, the owners of the casino and Kenilworth. The broadcast is a “FIRST” for the gaming industry.

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.

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