Arcade casino and home investment system

• US 20050021439A1
• Filed: 08/18/2004
• Published: 01/27/2005
• Est. Priority Date: 04/09/1999
• Status: Abandoned Application

• Current Assignee: Louis J. Pinga
• Original Assignee: Louis J. Pinga
• Inventors: Pinga, Louis J.
• Application Number:
  US10/921,240
• Publication Number:
  US 20050021439A1
• Time in Patent Office: Days
• US Class Current: 705/36.R
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G07F 17/32 for games, toys, sports, or amusements
• CPC Class Codes: G07F 17/3239 Tracking of individual players
• CPC Class Codes: G07F 17/3244 Payment aspects of a gaming system, e.g. payment schemes, setting payout ratio, bonus or consolation prizes

Abstract

A casino betting, rating and investment system is provided for allowing casino patrons to deposit cash, and/or certain portions of “rating” points and/or casino wagers into special casino investment accounts that could then be transferred to a conventional financial institution investment account, such as a Mutual Fund, IRA, Roth IRA, SEP, or Keogh. The system is provided as an incentive to the patron for maintaining patron loyalty and as a means of increasing patron regular savings and/or retirement savings. Patrons of a casino employing the present system will be provided with a casino investment account, into which deposits can be made by various methods. For example, in an arcade style casino environment, none of the games actually pay out and a fixed preselected portion of each of the patron'"'"'s bets is earmarked as “investment” a bet that is deposited directly to the patron'"'"'s investment account. This system is ultimately intended to provide casino style entertainment while educating patrons regarding gambling and the need for saving.

Claims

1. A method for implementing a casino style patron expenditure tracking and investment program based on patron game play, said method comprising the steps of:

establishing an investment account for the benefit of a game play patron;

collecting money from said game play patron;

exchanging said money collected from said game play patron for credits that allow said game play patron to play casino style games;

making a deposit into said investment account based on a percentage of the value of money collected from said patron;

associating said investment account with a financial investment account of said casino patron;

redeeming said deposits from said investment account; and

transferring said redeemed deposits into said financial investment account.

2. The method of claim 1 wherein said step of making a deposit comprises the step of depositing cash into said investment account.

3. The method of claim 1 wherein said step of making a deposit comprises the steps of:

establishing a formula for calculating the cost of operating the game play venue;

establishing a formula for calculating a fair profit for operating the game play venue;

calculating said percentage of collected money to be deposited by subtracting said cost of operating and said fair profit from said collected money; and

depositing said calculated portion of collected money into said investment account.

4. The method of claim 1 wherein said financial investment account is operated and maintained by an independent financial institution.

5. The method of claim 1 wherein said money transferred into said financial investment account is accrued on a tax deferred basis.

6. The method of claim 1, further comprising:

educating said game play patron regarding said casino style games.

7. The method of claim 6 wherein said step of educating said game play patron further comprises:

providing periodic information to said game play patron during game play, wherein said periodic information provides said game play patron with the relative odds against winning such a game.

8. The method of claim 7 wherein said step of educating said game play patron further comprises:

providing a comparison between the relative odds against winning such a game and the actual money saved by said game play patron by making said deposit into said investment account.

9. The method of claim 6 wherein said step of educating said game play patron further comprises:

providing periodic information to said game play patron during game play, wherein said periodic information provides said game play patron with the actual expenditures necessary to win such a game.

10. The method of claim 8 wherein said step of educating said game play patron further comprises:

providing a comparison between the expenditures necessary for winning such a game and the actual money saved by said game play patron by making said deposit into said investment account.

11. A method for implementing an in home slot machine investment program based on patron game play, said method comprising the steps of:

establishing an investment account for the benefit of a game play patron;

providing a slot machine for placement in the home of the game play patron, wherein said game play patron deposits money into said slot machine to play said slot machine;

collecting the money from said slot machine; and

depositing said collected money into said financial investment account.

12. The method of claim 11, wherein said step of collecting said money includes a management service collecting said money, said management company issuing a receipt for the amount of money collected.

13. The method of claim 11, further comprising the step of:

issuing a receipt corresponding to the amount of money collected from the slot machine.

14. The method of claim 11, wherein said financial investment account is operated and maintained by an independent financial institution.

15. The method of claim 11 wherein said money transferred into said financial investment account is accrued on a tax deferred basis.

16. The method of claim 11, further comprising the step of:

educating said game play patron regarding said casino style games.

17. The method of claim 16 wherein said step of educating said game play patron further comprises:

providing periodic information to said game play patron during game play, wherein said periodic information provides said game play patron with the relative odds against winning such a game.

18. The method of claim 17 wherein said step of educating said game play patron further comprises:

providing a comparison between the relative odds against winning such a game and the actual money saved by said game play patron by making said deposit into said investment account.

19. The method of claim 17 wherein said step of depositing said collected money comprises the steps of:

establishing a formula for calculating the cost of providing and managing the slot machine;

establishing a formula for calculating a fair profit for providing and managing the slot machine;

calculating said percentage of collected money to be deposited by subtracting said cost of providing and managing the slot machine and said fair profit from said collected money; and

depositing said calculated portion of collected money into said investment account.