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Report States HGN's Patent Critical to Interactive Horse Racing Betting13 July 2000LAS VEGAS, Nevada--(Press Release)--July 13, 2000--In an interview with Wallstreetnewscast.com, dee dee Molnick, CEO of Home Gambling Network (HGN), a wholly owned subsidiary of i2corp.com, said her company's patented method of interactive wagering is set to take betting on horse racing to the next level. ``HGN is essential to the success of interactive wagering in the horse racing industry,'' Molnick said. ``Our patent ties together such broadcast technologies as the Internet, wireless, and satellite and cable television with electronic bank-to-bank funds transfers to make in-home betting a reality.'' HGN holds the international patent on remote wagering on live games and events utilizing electronic transactions. Molnick predicted that HGN will increase revenues across the board for the horse racing industry. ``HGN's method of wagering is about convenience for the customer, which, in turn, means increased revenues for track operators and off- track betting facilities,'' she said. ``Today, customers open an account with a state-regulated OTB facility or an offshore sports book, bet on that account via the telephone, and, if they win, wait for a check in the mail. ``Under the HGN method, the account-opening process is basically the same. It's our emphasis on electronic funds transfers that changes the game. Now, transactions between bettors and track owners are in real time, which we believe leads to increased wagering and player satisfaction.'' |