Cantor Gaming to Operate the Race and Sports Book at the Palms Casino Resort in Early 2012

LAS VEGAS, Nov. 29, 2011 /PRNewswire/ -- Cantor Gaming®, a leading race and sports book operator in Nevada, and Palms Casino Resort, announced today that they have signed a long-term agreement for Cantor Gaming to operate the race and sports book and offer mobile gaming at the Palms commencing in the first quarter of 2012. 

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Under the terms of the agreement, Cantor Gaming will build a new race and sports book that offers sports betting fans the latest in technological advancements and convenience, including Cantor Gaming's mobile sports wagering available throughout the state of Nevada, and its proprietary wireless gaming system which will be available across the entire resort area, including hotel rooms.    

Cantor Gaming intends to operate in the existing race and sports book area through March Madness 2012.  Construction of the new race and sports book will begin in April 2012 and is expected to be completed in time for the 2012 football season.  During the interim period Cantor Gaming will operate an ancillary sports-only book near the Mint High Limit Lounge located on the main floor of Palms.

Joseph A. Magliarditi, President of Palms, said: "At Palms Casino Resort customer satisfaction and enjoyment is of paramount importance.  By partnering with Cantor Gaming, a book operator known for its creative and innovative approach to sports wagering and its spectacular sports book environments, we are confident that our guests will enjoy the same high standards and superb experience in our race and sports book as they have come to expect across our resort."    

Lee M. Amaitis, President and Chief Executive Officer of Cantor Gaming, said: "It is a great honor for us to partner with the Palms, known for its distinctive gaming, nightlife and entertainment choices, making it a leading choice for visitors attracted to Las Vegas.  We look forward to transforming the race and sports book into a formidable space that encompasses exquisitely stylish designs and the latest mobile gaming technology, complementing the rest of the property."

Cantor Gaming's approach to sports wagering uses high frequency Wall Street trading technology and proprietary algorithms that allows sports book patrons to place a wide range of unique wagers on different outcomes before and during a sporting event.  Cantor Gaming can process millions of dollars of individual wagers within seconds.  The advance of Cantor Gaming's cutting edge mobile technology gives customers the flexibility and convenience to review and place wagers instantaneously during their normal daily activities from wherever they are.   Cantor Gaming also engineers a sophisticated and luxurious audio visual experience within the sports books that provides an industry leading viewing 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 feature 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