Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Pimco New York Municipal Income Fund III V.PYN


Primary Symbol: PYN

PIMCO New York Municipal Income Fund III (the Fund) is a non-diversified closed-end management investment company. The Fund's primary investment objective is to seek to provide current income exempt from federal and California income tax. Under normal circumstances, the Fund invests at least 90% of its net assets in municipal bonds which pay interest that is exempt from regular federal, New York State and New York City income. The Fund may invest up to 20% of its total assets in investments the interest from which is subject to the federal alternative minimum tax. The Fund also invests at least 80% of its net assets in municipal bonds that at the time of investment are investment grade quality. Pacific Investment Management Company LLC (PIMCO) serves as the Fund's investment manager.


NYSE:PYN - Post by User

Post by bigpocketsincon Mar 30, 2012 9:44pm
191 Views
Post# 19742177

Location Based Gambling Patents

Location Based Gambling Patents

Poynt's base patents have been said to have priority predating the year 2000, I have read 1999 as well so seemingly some time in 1999. Read below about this fellow with a Company that has location based gambling patents. Remember Poynt's patents are said to cover the use of location and profile to select then send data to a mobile computer, they may end up far reaching well beyond that of advertising.

U.S. Department of Justice Ruling Favors Entrepreneur Russell Carters Wireless Gambling Patents Ensuring State Compliance for Verifying Player Location and Age

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 Boards (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. Its 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 UKs William Hill PLC announced that it had signed an agreement to acquire American Wagering Inc. (AWI), which operates mobile sports betting services under the Leroys 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.

Media Contact:

Russell Carter

E: rcarter(at)aunwired(dot)com

T: +1 480 203 4577

###

Here is a writing Reuters article on Poynt's base patent :

Poynt Corporation Receives Location-Based Advertising Patent for Delivering Coupons and Offers


Wednesday, 12 Jan 2011 08:15am EST

Poynt Corporation announced issuance of a third patent in the Company's portfolio of patents, claiming priority before the year 2000, for delivering location-based offers and coupons to mobile smartphones based on GPS location and user profile. The United States Patent and Trademark Office awarded Patent No. 7,870,229 to an indirect wholly owned subsidiary of Poynt Corp. on January 11, 2011. The patent is directed to: A computer-implemented method for communicating an offer of goods or services to an individual having a microcomputer wirelessly linked to the internet and provided with a GPS receiver, the method comprising: receiving over the internet, from the microcomputer, location information derived from the GPS receiver and information identifying the individual; using the location information and the identifying information in a programmed computer in communication with a data bank of goods and services and a data bank of consumer profiles to determine an appropriate offer of goods or services for the individual; and thereupon, under the control of the programmed computer and without specific request by the individual, sending to the microcomputer over the internet using an identifier unique to the individual a message communicating the offer.

The above article on Poynt is from https://www.reuters.com/finance/stocks/PYN.V/key-developments/article/2062218

..

...

....

Bullboard Posts