Location History:
- Las Vegas, NV (US) (2005 - 2011)
- Corvallis, OR (US) (2002 - 2013)
Company Filing History:
6 out of 4,354 
3 out of 45 
1 out of 3 Years Active: 2002-2013
Title: The Innovative Contributions of Lawrence R. Pitman
Introduction
Lawrence R. Pitman is a notable inventor based in Corvallis, Oregon, recognized for his significant contributions to the gaming industry. With a total of 10 patents to his name, Pitman has developed innovative methods that enhance player engagement and revenue generation for gaming establishments.
Latest Patents
One of his latest patents is a method of awarding a bonus prize in the play of a plurality of gaming machines. This invention allows gaming establishments to exercise greater control over bonus wins by awarding bonuses during predetermined bonus periods. By creating player excitement and increasing play during historically off-peak times, casinos can realize greater revenue. The time-based bonus begins when a maximum time for the bonus period is selected and divided into time increments, with each increment having its own weight. A winning increment is randomly selected, and a bonus is awarded when the time increment has been reached. Another innovative concept introduced by Pitman is "celebration pay," where players are selected to celebrate a win. A portion of the bonus pool is divided among the celebrating players, and the amount received can be verified to meet minimum and maximum requirements. The celebration pay is delivered to the gaming machines used by the celebrating players.
Career Highlights
Throughout his career, Lawrence R. Pitman has worked with prominent companies in the gaming sector, including IGT and Acres Gaming, Inc. His work has significantly influenced the way gaming machines operate and how players interact with them.
Collaborations
Pitman has collaborated with notable individuals in the industry, including Richard Jay Schneider and Michael B. Shelby. Their combined expertise has contributed to the development of innovative gaming solutions.
Conclusion
Lawrence R. Pitman's inventive spirit and dedication to enhancing the gaming experience have made him a key figure in the industry. His patents reflect a deep understanding of player dynamics and revenue optimization, ensuring his legacy in the field of gaming innovation.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.