If you have not heard
of Roulabette™ already, you may very well start to hear the name come up more
often. Developer of Roulabette, Kenilworth Systems Corporation, recently issued
a press release revealing that a group of foreign investors are partnering with
Kenilworth to launch an entire line of Roulabette systems for international
distribution. Investors are to acquire 15 million shares of Kenilworth stock
amounting to $2,250,000.
So, what is Roulabette
you ask. Well, apparently it is a remote wagering system that seeks to offer
casino gambling activities without all of the red tape normally governing brick
'n mortar casinos. Kenilworth Systems likes to think of Roulabette as a
practical solution to illegal gambling - a personal casino of sorts, which would
be regulated by individual states.
Roulabette cafe's
(similar to poker clubs in California) would operate in the same exact way as
simulcasts for dog and horseracing. Actual casinos will play out the hands,
while all cash betting is handled at the Roulabette cafe's. The system uses a
patented microprocessor placed in digital satellite and cable boxes to manage
game results which are broadcasted via news wire companies to viewing screens in
the cafe. This manner of exchange makes the entire gambling experience a local
issue rather than a federal one.
Another interesting
aspect of Roullabet is that it will use live commentators to help players with
rules and regulations while they play. Innovative to say the least, the
challenge that Kenilworth now faces is convincing state lotteries to privatize.
Part of the allure of Roullabet is that it will allow State Government's to
modernize the current lottery system by offering live games to a new generation
who are more attracted to live gaming than their predecessors. The idea is to
privatize the lottery and replace it with live casino gaming by way of
Roulabette.
