Kenilworth Systems Corporation announced the signing of a memorandum of understanding to finish development of the company's remote table wagering technology, which is forecast to bring substantial revenue to the company. Under the terms of the understanding, Kenilworth will license its patented table gaming intellectual property to WagerPort (UK) Limited in return for USD 1 million of convertible preferred stock of WagerPort Limited plus a royalty of 20% of WagerPort gross revenue.