News and Announcements
RewardBet Granted Australian Patent
- Published January 18, 2016 11:11AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
On December 24th, RewardBet was granted its Australia patent. Upon renewal fees, this provides patent protection until 2031.
This is our fourth granted patent (others being South Africa, Singapore and New Zealand), but our local market in Australia is also considered one of the most competitive so it’s an enormous advantage for an operator. With advertising expenditure north of $100M per annum, the opportunity to have a patent protected product is a game-changer.”
RewardBet currently has agreements and commercial arrangements with:
- Kiron Interactive – worldwide licensing agreement for virtual racing and sports
- Luxbet – Australian bookmaker linked to RewardBet’s proof of concept site
- NDA with multiple Australian Totalizators
- NDA with Asian Totalizator
- NDA with USA based Totalizator
- NDA with Asian based gaming machine manufacturer
- NDA with Australian/EU based gaming machine manufacturer.
ABOUT REWARDBET
Described as one of the most innovative gaming developments in decades, RewardBet is a patent protected (50+ countries; granted and pending) and award winning software product designed to significantly enhance the betting experience for customers and increase revenue for operators across Racing, Sports and Casino.
With a major global licensing agreement signed and many very forward implementation discussions with operators including four Tier 1 totes, RewardBet is seeking funding for resources to implement current opportunities and invest in future B2B licensing deals.
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