Cantor Gaming Gains Final Licensing Approval for Sports Wagering at Palms Casino Resort

LAS VEGAS, Jan. 26, 2012 /PRNewswire/ -- Cantor Gaming®, a leading innovator in entertainment and wagering technology and pre-eminent race and sports book operator in Nevada, announced today that it has received final licensing approval by the Nevada Gaming Commission and Gaming Control Board to operate the race and sports book at Palms Casino Resort.  With these approvals in place, Cantor Gaming will begin operating the race and sports book at Palms on February 7, 2012.  

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Cantor Gaming has committed to building a new race and sports book at Palms that offers sports betting fans the latest in technological advancements and convenience, including mobile sports wagering and a proprietary wireless gaming system.  Construction will commence in April and is expected to be completed in time for the 2012 NFL season.  During the interim period Cantor Gaming will operate an ancillary sports-only book near the Mint High Limit Lounge located on Palms' main floor.

"We are delighted to have received regulatory approval quickly, enabling us to operate at Palms in time for March Madness, which is an exciting period for sports betting patrons," said Lee M. Amaitis, President and Chief Executive Officer of Cantor Gaming.  He continued: "We look forward to working with Palms and unveiling a spectacular new sports book later this year which offers sports betting fans a luxury, first class betting experience."

About Cantor Gaming

At Cantor Gaming, we have built upon Cantor Fitzgerald'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 are passionate about applying technology to transform gaming and we are continuously using innovations in the operation of our race and sports books, and enhancing our products and technology, to offer customers a unique and memorable gaming experience.

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. 

About Palms Casino Resort

Palms Casino Resort, heralded as one of Las Vegas' hippest resorts, is an all-encompassing, one-stop destination. The boutique property boasts three distinct towers and a diverse mix of bars and restaurants across a 95,000-square-foot casino. Amenities include the legendary Playboy Club; Ghostbar; Rain Nightclub; The Pearl Concert Theater; Moon Nightclub; N9NE Steakhouse; Nove Italiano; Little Buddha; Simon Restaurant & Lounge; The Palms Pool & Bungalows; Palms Spa and AMP Salon; Drift Spa & Hammam; Brenden Theatres, a 14-theatre Cineplex; the Fantasy Suites, including the Hardwood Suite, the only hotel room in the world with its own basketball court; and over 60,000 square-feet of meeting space. The Palms has played host to MTV's Video Music Awards, Real World: Las Vegas and Bravo's Celebrity Poker Showdown, and E!'s Girls Next Door features the resort on a regular basis.

Palms Casino Resort is located just west of the Las Vegas Strip and I-15 on Flamingo Road. For reservation information, call toll free at (866) PALMS-RES, (866) 725-6773, or visit www.palms.com. For groups of 15 rooms or more, contact the Sales Department at (866) PALMS-MTG or (866) 725-6768.

SOURCE Cantor Gaming