Cantor Gaming to build, operate Palms sportsbook

30 November 2011

LAS VEGAS, Nevada -- Cantor Gaming is set to place its eighth multimillion-dollar wager on Las Vegas.

The privately held division of the Wall Street firm Cantor Fitzgerald on Tuesday announced it had reached agreement with The Palms Casino Resort to operate the resort's race and sports book.

Under the terms of the agreement, Cantor Gaming will build a new sports book, and will install its mobile wagering technology throughout the entire resort, including hotel rooms.

Cantor Gaming President and CEO Lee Amaitis said the existing sports book will operate through the NCAA men's basketball tournament in March. Construction of the new book was expected to be completed by August.

Financial terms of the deal were not disclosed.

During construction, Cantor Gaming will operate a temporary sports book near the Mint High Limit Lounge on the Palms' main floor, the company said.

The deal with Cantor Gaming was announced about 10 days after Nevada gaming regulators approved the licensing of Leonard Green & Partners LP and TPG Capital as the majority owners of the Palms.

Cantor Gaming officials Tuesday declined to discuss the cost or design plans for the Palms sports book. The company also runs sports books at The Palazzo Resort Hotel Casino, M Resort, Tropicana Las Vegas, Hard Rock Hotel and Casino, The Cosmopolitan of Las Vegas and the Plaza Hotel and Casino in downtown Las Vegas.

Copyright GamingWire. All rights reserved.

Related Links
Tropicana Las Vegas Details
Plaza Hotel and Casino Details
The Palms Casino Resort Details
The Palazzo Resort Hotel Casino Details
The Cosmopolitan of Las Vegas Details
M Resort Details
Nevada Gambling

FEATURED iGAMING SUPPLIERS
ipaysolutions-ltd
association-of-players-casinos-webmasters-apcw
iPaySolutions Ltd
Leading experts to help your iGaming business accept payments at the rates you deserve to win big
Association of Players, Casinos & Webmasters (APCW)
Fighting for honesty, integrity, and transparency in the iGaming industry
casino-city-press
connective-games-llc
Casino City Press
A leading publisher and distributor of casino and gaming business data and market research reports.
Connective Games LLC
High-performance Poker & Casino Solutions with flexible clients approach!
gambling-portal-webmasters-association-gpwa
casino-web-scripts
Gambling Portal Webmasters Association (GPWA)
Professional Affiliate Marketing Association with more than 25,000 members
Casino Web Scripts
Providing certified casino software & casino games with no monthly fees.Custom development available
fast-offshore
mondogaming-ltd
Fast Offshore
Online Gaming License covers all types: bingo, casino, eSports, lottery, poker, sportsbetting & more
MondoGaming LTD
A leading software provider for sportsbook platforms, projected in the B2B and B2C business
Your Guide to 3,361 iGaming Industry Suppliers
ADD YOUR COMPANY   |   ABOUT US     linkedin Twitter Facebook