Credit wagering system and method of use with loan and warrantying

Abstract

A system and method providing, in some embodiments, at least partially automated processing for warrantying, settling, requesting, approving, processing, advancing, collecting, and/or managing of credit provided for use in wager gaming and related activities, including, in some instances, one or more of loan transactions, loan warrantying services, operator receivable participation interest, receivable purchase associate with patron's repayment of the receivable, third-party provision of advances to an operator patron limited for use within the operator property or properties for designated gaming activities, associated fees, activity tracking, activity reporting, credit approval throttling, fund advancement throttling, credit account packaging and transfer, automated collections, and responsible wager gaming.

We claim: 
     
         1 . An automated casino wager gaming credit management system providing for a third party casino operator, in combination:
 in association with one or more wager games provide by the casino operator: by a computer system, providing a plurality of individual virtual player wagering credit accounts; by the computer system, consolidating into a single win/loss aggregate game period settlement pool all virtual player wagering account credit used by the plurality of players net of winnings during a predetermined time game period; and by the computer system, after the completion of a game period, having acquired from the third party casino operator at least a participation interest in at least a portion of one or more receivables associated with the single win/loss aggregate game period settlement pool; and   a credit management app in electronic communication with the computer system through a mobile device.   
     
     
         2 . The automated casino wager gaming credit management system of  claim 1  and further comprising, by the computer system through the credit management app, displaying a credit limit to a player. 
     
     
         3 . The automated casino wager gaming credit management system of  claim 1  and further comprising, by the computer system through the credit management app, offering a player an opportunity to accept a credit processing fee. 
     
     
         4 . The automated casino wager gaming credit management system of  claim 1  and further comprising, by the computer system through the credit management app, offering a player an opportunity to determine an amount of credit to be used in a gaming session. 
     
     
         5 . The automated casino wager gaming credit management system of  claim 1  and further comprising, by the computer system through the credit management app, providing a direct interface between the credit management app and a player's banking app. 
     
     
         6 . The automated casino wager gaming credit management system of  claim 5  wherein the direct interface provides an automatic transfer of funds from the player's bank account to the third party casino operator. 
     
     
         7 . The automated casino wager gaming credit management system of  claim 5  wherein the direct interface provides an automatic transfer of funds won by the player in a gaming session from the third party casino operator to the player's bank account. 
     
     
         8 . The automated casino wager gaming credit management system of  claim 7  wherein automatic transfer of funds is limited to any amount of funds by which the player's winnings exceed any amount of credit extended to the player. 
     
     
         9 . The automated casino wager gaming credit management system of  claim 1  and further comprising, by the computer system through the credit management app, displaying a range of credit scores and credit limits to the player.