20240037686. SYSTEM FOR AND METHOD OF ELECTRONICALLY HANDLING A CASINO MARKER AND EXTENSION OF CREDIT simplified abstract (NRT Technologies, Inc.)
SYSTEM FOR AND METHOD OF ELECTRONICALLY HANDLING A CASINO MARKER AND EXTENSION OF CREDIT
Organization Name
Inventor(s)
Mary Ann Nicholson of Las Vegas NV (US)
Jerry Buchanan of Nashville TN (US)
Michael Dominelli of Toronto (CA)
Nasr F. Sattar of Las Vegas NV (US)
SYSTEM FOR AND METHOD OF ELECTRONICALLY HANDLING A CASINO MARKER AND EXTENSION OF CREDIT - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240037686 titled 'SYSTEM FOR AND METHOD OF ELECTRONICALLY HANDLING A CASINO MARKER AND EXTENSION OF CREDIT
Simplified Explanation
This specification describes a system and method for handling electronic markers and extensions of credit at a gaming establishment, such as a casino. The electronic marker can be redeemed using cash, cash equivalents, casino valued currency (e.g., casino chips), or by electronic transfer of funds. Extensions of credit can be provided to a patron in real-time through communications with a mobile device, particularly for high-level, fast-betting casino patrons. At the end of the gameplay, the total amount of funds extended (minus any repayment by the patron) can be converted to a casino marker.
- The system allows for the handling of electronic markers and extensions of credit at a gaming establishment.
- Electronic markers can be redeemed using various forms of currency or by electronic transfer of funds.
- Extensions of credit can be provided to patrons in real-time through mobile device communications.
- This feature is particularly useful for high-level, fast-betting casino patrons.
- The system can convert the total amount of funds extended to a casino marker at the end of gameplay.
Potential applications of this technology:
- Casinos and gaming establishments can use this system to handle electronic markers and extensions of credit more efficiently.
- High-level, fast-betting casino patrons can benefit from real-time extensions of credit through their mobile devices.
- The system can provide a convenient and secure way to redeem electronic markers using different forms of currency.
Problems solved by this technology:
- The system eliminates the need for physical markers or tokens, streamlining the process of handling credit at a gaming establishment.
- Patrons can easily redeem their electronic markers using various forms of currency or electronic transfers, reducing the need for cash transactions.
- Real-time extensions of credit through mobile devices provide convenience and speed for high-level, fast-betting casino patrons.
Benefits of this technology:
- Improved efficiency in handling electronic markers and extensions of credit at a gaming establishment.
- Enhanced convenience for high-level, fast-betting casino patrons through real-time extensions of credit.
- Increased security and flexibility in redeeming electronic markers using different forms of currency or electronic transfers.
Original Abstract Submitted
this specification relates to a system for and method of handling electronic markers and extensions of credit for use at a gaming establishment, such as a casino. the electronic marker can be redeemed using cash or cash equivalents, casino valued currency (such as casino chips), or by electronic transfer of funds. extensions of credit can be provided to a patron at a gaining table in real-time through communications with a mobile device. such extensions of credit can be a courtesy extended to high level, fast betting casino patrons, for example. at the end of the gameplay, the total amount of funds extended (less any repayment by the patron at the table) can be converted to casino marker.
