Kenilworth readies for global remote live Internet casino gaming

Lottery participation will prevent underage and compulsive gambling.

MINEOLA, NY, July 10 /PRNewswire-FirstCall/ - Kenilworth Systems
Corporation (Pink Sheets: KENS.PK - NEWS; "Kenilworth") ...reported today that
it has entered into a six (6) month online Test Simulcast Broadcast Agreement
with Caribbean Casino & Gaming Corporation.(OTC: CGAQ.PK)
Caribbean is a gaming and entertainment company that operates the Sousa
Grand Casino at Sousa Bay Resort in Puerto Plata, Dominican Republic.
Caribbean is relocating the casino to larger facilities in a 250 room hotel
within the resort to accommodate more table games, conducting Caribbean Stud
Poker and Texas Hold'em tournaments.
Kenilworth owns patents in the US and fifty-one other countries including
China, Japan and Russia which presently offer gaming in more than 2,000
licensed regulated casinos. The patents cover systems and methods to allow
players from remote locations to wager on games such as roulette, craps and
baccarat, as if they are actually participating in the live in-progress games
at the casino table of their choosing, from a selection of casinos anywhere in
the world.
The Internet Gambling Regulation, Consumer Protection and Enforcement Act
of 2009 (H.R. 2267) introduced by Congressman Barney Frank (D., Mass.),
Chairman of the House Financial Services Committee will, if passed by
Congress, legally sanction online Internet gaming in the U.S., the world's
largest gambling market. The primary incentive for passage of this legislation
is the potential tax benefit to local, state and federal jurisdictions. Price
WaterhouseCoopers recently estimated that Internet gambling in the U.S. could
raise nearly $52 billion in revenue over the next decade.
On June 9, 2009 the federal government froze more than $33 million in
three accounts of payment processors that handle the winnings of twenty four
thousand online poker players. The Justice Department has long maintained that
Internet gambling is illegal.
The Poker Players Alliance said that the U.S. Attorney for the Southern
District of New York instructed the three banks to freeze the accounts as
"legally seized" by the Federal Bureau of Investigation stating that the
government has probable cause because the gambling payments of the U.S.
residents had been directed to offshore illegal Internet gambling businesses.
The Department of Justice's (DOJ) action of seizing money belonging to
online poker players in the United States may be an indication that, through
the proposed Internet gambling legislation, the government intends to limit
poker playing to actual live games played at casinos. Poker is a game of
skill, not a game of chance. Excluding Internet Poker playing would greatly
reduce the scope and extent of Internet online gambling regulations to be
promulgated and enforced by the DOJ. Casino Control Commissions are already in
place and strictly enforced by federal and state regulators.
Kenilworth's patented technology includes the use of lottery-type
terminals that accept cash only deposits. Players mark their tickets, similar
to lottery tickets, which contain their TV or laptop identification number,
together with the amount to be deposited or withdrawn. From that point on, the
procedure is the same as selecting lottery numbers. The game winnings are
automatically calculated in the manner lottery winnings are determined. The
wager is initially debited from the account, with the account credited, if a
winner.
When state operated lotteries become involved, a prime motive will be to
ensure responsible gambling by managing the wagering with data systems which
can identify problem gamblers and limit or shut down players with identifiable
patterns of compulsive gambling. A further requirement for any system
sanctioned by states will be the prevention of underage participation.
Lotteries will also limit the amount that may be deposited or held on deposit
at specified intervals of days, weeks or months. The ability of Kenilworth's
patented system to support all of these anticipated requirements is considered
to be a significant competitive advantage in the emerging market.
Herbert Lindo, Chairman and CEO of Kenilworth stated: "we believe that, as
has already happened in the field of horse racing, simulcasts of remote casino
games to homes, cell phones, racetracks, hotels, resorts, restaurants and bars
will become a major trend in gaming. Since the development of the Internet,
millions of people have chosen to gamble online and today Internet gambling is
offered in many different countries under a variety of licensing and
regulatory regimes. It appears there will be a potential annual global market
of as much as $500 billion in total Internet wagering in the near future."
Lindo further stated that: "Denmark, Sweden, Poland, Switzerland and
France have either passed or are preparing to pass legislation to open the
market for remote live games from casinos within their own borders. The
legislation is also intended to protect gamblers from manipulation by
discouraging virtual wagering and betting on number generated games from
studios in the U.K and other Channel Isles. These are likely to be the first
sanctioned Internet gaming activities to yield significant tax revenues. The
Kenilworth system being tested by Caribbean is intended to support wagering
for such live casino table game broadcasts. Our intent is to aggressively
market this gaming technology and pursue licensing arrangements with casino
operators in all nations where we enjoy patent protection."
As part of the Test Agreement, Kenilworth will pay Caribbean one half of
one percent (.5%) of the net earnings derived from Kenilworth's patents and
technology on a global basis.
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 of 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

Herbert Lindo, Chairman & CEO, Kenilworth Systems Corp., (516) 741-1352, or at
Roulabette@aol.com