US Patent Issued to Aristocrat Technologies Australia on May 27 for "Electronic gaming system and method for managing funds transfer based upon proximity of a mobile device to a geofenced zone" (Australian Inventors)

ALEXANDRIA, Va., June 17 -- United States Patent no. 12,315,336, issued on May 27, was assigned to Aristocrat Technologies Australia Pty Ltd. (North Ryde, Australia).

"Electronic gaming system and method for managing funds transfer based upon proximity of a mobile device to a geofenced zone" was invented by Andrew Wyllie (North Ryde, Australia) and Alan Wong (West Pennant Hills, Australia).

According to the abstract* released by the U.S. Patent & Trademark Office: "A gaming system includes an electronic gaming machine (EGM) located within a defined zone of a gaming venue, a transmitter configured to output a first unique identifier, and a server including a processor and a memory storing instructions, where the instructions cause the proc...