Las Vegas, NV (June 30, 2011) – Cantor Gaming and Las Vegas Sands Corp. announced today that they have signed a long-term agreement for Cantor Gaming to operate the Race & Sports Books at The Venetian and Palazzo. This agreement significantly expands the relationship between Cantor Gaming and these two iconic Strip destinations, which began in 2008 when Cantor Gaming was selected as the exclusive provider of mobile gaming and In-Running™ sports wagering at both resorts.
Under the new agreement, Cantor Gaming will operate the Race & Sports Books at The Venetian and Palazzo and provide a sophisticated and unique gaming experience with its unparalleled world-class technology platform. Additionally, Cantor Gaming has committed to investing in building out the sports book at The Venetian to enhance the sports trading environment.
Robert G. Goldstein, president of global gaming operations, Las Vegas Sands Corp., said: “The innovative technology that Cantor Gaming brings to sports wagering, and its demonstrated vision and style in creating unparalleled sports book environments, will help us deliver an outstanding customer experience at both The Venetian and Lagasse’s Stadium at The Palazzo.”
Lee M. Amaitis, President and CEO of Cantor Gaming, said: “We have enjoyed a superb relationship with Las Vegas Sands Corp. and we are delighted to enter this new phase with them. We have committed to a multi-million dollar investment in building out the sports book at The Venetian to create a spectacular new sports trading environment. Our vision is to create a transformational, sophisticated, state of the art sports book which we’re confident will be a home run for The Venetian and its customers.”
“The signature cuisine and top-tier environment that Emeril Lagasse and The Palazzo have created at Lagasse’s Stadium are the perfect complement to a new leap forward in sports technology. It’s an unbeatable location to enjoy major sports events, and our ground-breaking technology will provide a new uplift to sports fans’ experience in this terrific property,” Mr. Amaitis said.
“Cantor Gaming’s sophisticated technology is representative of today’s on-demand, mobile lifestyle, offering a real-time, exciting, sports trading experience in a sumptuous, state-of-the art facility,” Mr. Amaitis added.
Cantor Gaming’s approach to sports wagering replicates a Wall Street trading model. With Cantor Gaming’s unique technology, Race and Sports Book patrons can place numerous bets on different outcomes throughout a sporting event. In the same way that prices in the financial markets are constantly updated, Cantor’s lines and spreads change continuously as the action in a game evolves.
About Cantor Gaming
Cantor Gaming is an affiliate of the global financial services firm Cantor Fitzgerald, which has over 65 years experience and unparalleled expertise of highly secure, real-time financial transaction processing, management, and execution.
Known globally for superior financial technology and real-time and secure execution of financial transactions, Cantor’s clients include the world’s leading banks and trading firms. Cantor’s technology drives over $500 billion in transactions for the world’s capital markets every day.
At Cantor Gaming, we have built upon Cantor’s legacy of integrity and excellence and its unmatched financial technology to create an innovative and unique gaming system that we believe is revolutionizing the gaming experience in Las Vegas.
Cantor Gaming is the first company licensed by the Nevada Gaming Commission to manufacture, distribute and operate a mobile gaming system in the state. We provide casinos with a complete mobile gaming solution, including a proprietary wireless gaming system, full back-office infrastructure and a portfolio of casino games.
We’re passionate about the way in which technology can transform gaming, and are continuously innovating our operation of race and sports books, and updating our products and technology to enable casinos to offer their customers a unique experience.
About Las Vegas Sands Corp.
Las Vegas Sands Corp. (NYSE: LVS) is a Fortune 500 company and the leading global developer of destination properties (integrated resorts) that feature premium accommodations, world-class gaming and entertainment, convention and exhibition facilities, celebrity chef restaurants, and many other amenities.
THE VENETIAN® and THE PALAZZO®, Five-Diamond luxury resorts on the Las Vegas Strip, are among the company’s properties in the United States. In Singapore, the iconic MARINA BAY SANDS® is the most recent addition to the company’s portfolio. Through its majority-owned subsidiary Sands China Ltd., the company also owns a collection of properties in Macau, including THE VENETIAN® Macao, Four Seasons Hotel Macao and the Four Seasons-branded serviced-apartments at its COTAI STRIP® development, as well as the SANDS® Macao on the Macau peninsula.
The company is currently constructing a 6,400-room complex at the COTAI STRIP, which will feature the Sheraton and St. Regis hotel brands.
Las Vegas Sands is also committed to global sustainability through its SANDS Eco 360 program and is an active community partner through its various charitable organizations.