Cantor Gaming and Palms Casino Resort Announce Grand Opening of New Race and Sports Book

LAS VEGAS, May 4, 2012 /PRNewswire/ -- Cantor Gaming® and Palms Casino Resort announced today the grand opening of the newly refurbished race and sports book at Palms Casino Resort, one of the few in Las Vegas to include a poker room. 

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Palms President Joseph A. Magliarditi said: "We are excited to welcome a new chapter at Palms with the launch of a stylish, modern and entertaining race and sports book.  Working with Cantor Gaming, reputed for its creative and innovative approach to sports wagering and mobile casino games, we can offer poker and sports wagering fans maximum entertainment and convenience within the most luxurious surroundings."

The Cantor Race & Sports Book at Palms opens at noon today following a multi-million dollar refurbishment project spanning 9,840 square feet that was completed in less than three months.  The race and sports book offers the latest in technological advancements and convenience, including Cantor Gaming's Android®-compatible mobile sports wagering application.

The refurbished race and sports book promises patrons the highest-quality visual entertainment with a 4mm black pixel LED screen totaling 1,290 square feet, capable of showing up to 33 independent sporting events and twelve independent horse races simultaneously.  The refurbishment also includes a poker area, one of a few in Las Vegas that is located within a race and sports book, which features seven poker tables and one feature table, offering live poker play with dealers. In addition, a new bar called "Tonic" is located within the book.

"We pride ourselves on bringing passion and innovation to the age of gaming, and the launch of our new race and sports book with Palms is no exception; the poker area within our race and sports book is a first in Las Vegas and one we believe sports and poker fans will find immensely convenient and exciting," said Cantor Gaming President and Chief Executive Officer Lee M. Amaitis. "We are honored to partner with the Palms and provide sports betting patrons and poker fans with an unbeatable experience as our technology once again paves the way to a new world of wagering."

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 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 more than 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." Palms Casino Resort is located 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.

SOURCE Cantor Gaming