Patent Number: 6,254,482

Title: System and method for generating and executing insurance policies for gambling losses

Abstract: A system and method for providing a gambling loss insurance policy automatically computes insurance premiums and processes gambling sessions covered by the gambling loss insurance policies. The players may purchase the insurance policies using various means such as coins, earned winnings, or credit cards. The gambling loss insurance system provides a high level of flexibility for the players to define specific parameters of the insurance policy. Additionally, the players may purchase the insurance policies directly from the gaming machine, a custom terminal on casino floor, or cage personnel having access to a centralized network server.

Inventors: Walker; Jay S. (Ridgefield, CT), Jorasch; James A. (Stamford, CT)

Assignee: Walker Digital, LLC

International Classification: G07F 17/00 (20060101); G07F 17/32 (20060101); G07F 17/40 (20060101); A63F 009/24 ()

Expiration Date: 07/03/2018