Cantor Gaming and Palms Casino Resort Announce the Launch of Poker Within Their New Race and Sports Book

LAS VEGAS, April 4, 2012 /PRNewswire/ -- Cantor Gaming® and Palms Casino Resort announced today that they have signed a long-term agreement for Cantor Gaming to launch and operate a poker area within its Cantor Race & Sports Book, currently under construction at Palms, which is scheduled to open in early May. 

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The poker area will be located within the newly refurbished Cantor Race & Sports Book at Palms.  There will be eight poker tables in total, offering live poker and live dealers. 

Joseph A. Magliarditi, President of Palms, said: "We are excited to further our relationship with Cantor Gaming, reputed for its creative and innovative approach to sports wagering and mobile casino games.  Our decision to relocate the poker room to the new race and sports book was a natural one given the synergies that exist between poker players and sports bettors.  We are confident that a sleek new poker room will be a spectacular addition to our resort and one that offers poker fans the ultimate in poker playing experiences."

Lee M. Amaitis, President and Chief Executive Officer of Cantor Gaming, said: "We are honored that Palms has chosen us to manage their poker area.  There is a natural overlap between sports bettors and poker players and by situating poker within the sports book we can offer customers maximum entertainment and convenience."    

While construction of the poker room and new race and sports book remains under way, Cantor Gaming is operating an ancillary sports-only book near the Mint High Limit Lounge located on Palms' main floor.

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 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. For groups of 15 rooms or more, contact the Sales Department at (866) PALMS-MTG or (866) 725-6768.

SOURCE Cantor Gaming