Molnick Gets His European Patent

Published: Friday, August 11, 2006 Online-Casinos.com

MOLNICK GETS HIS EUROPEAN PATENT

"Live-over-the-Internet" gambling inventor widens his intellectual property protection

Mel Molnick, CEO of Home Gambling Network, will have been celebrating this week following the recognition of his "live-over-the-Internet" gambling patent by the European Patent Office.

In a public announcement Molnick, who has launched litigation against patent infringers in the past, says that on August 2, 2006, the European Patent Office issued him with a patent for live gaming events with electronic fund transfers for remote players. Mr. Molnick's Patent is now registered in all EPO countries and member territories.

The award strengthens Molnick's intellectual property protection to the following:

European Patent No: 0 956 118
United States of America Patent # 5,800,268
Australian Patent #'s 755152 & 757705

The Patent pertains to a business method for remote wagering on live games and events utilising electronic transactions. The patent was first published in Europe in November 1999 and provides its assignee with full provisional patent protection.

Specifically, via remote wagering, consumers can place bets from anywhere in the world without having to go to an actual wagering entity such as a casino, race track, sports book, or off-track betting parlour.

Location-free wagering such as this is delivered to consumers via the Internet, satellite and cable television, and wireless technologies. Live games and events include casino-style games, pari-mutuel wagering, lotteries, sports betting, bingo, keno, and more. Electronic financial transactions are executed by credit card, debit card, smart card, as well as e-cash and any other electronic funds transfer.