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Nevada casino revenue posts October decline


Newest Cantor, Venetian book is first-class betting experience

November 02, 2011 8:12 PM by Staff & Wire Reports

Cantor Gaming®, a leading race and sports book operator in Nevada, and The Venetian® Las Vegas, one of the world’s most luxurious resort and convention destinations, are proud to announce the launch of the race and sports book at The Venetian Resort-Hotel-Casino, located on the world-renowned Las Vegas Strip.

"Three years since beginning our partnership with Cantor Gaming, the launch of the state-of-the-art race and sports book here at The Venetian has literally changed the game of sports betting," said John Caparella, president and chief operating officer of The Venetian Las Vegas, The Palazzo® Las Vegas and Sands® Expo and Convention Center. "With Lagasse’s Stadium at The Palazzo and now our cutting-edge race and sports book at The Venetian, we have upped the ante and are challenging the standard. It’s no longer just sitting back and watching – we’ve created an interactive and lively atmosphere for sports enthusiasts and true gamers. The choice is simple, The Venetian and The Palazzo now offer the premier sports betting and wagering experiences on the Strip."

The new race and sports book is now open after the completion of a three month multi-million dollar refurbishment project spanning approximately 10,000 square feet. It promises an unparalleled sports trading environment boosting high-quality visual entertainment with the installation of one of the world’s largest high definition 4mm black video screens dedicated to multiple sports games and races. In addition, the state-of-the-art venue offers surround sound, a sleek design and the largest number of carrels in any Cantor Gaming race and sports book.

"We are proud to unveil our new race and sports book," said Lee M. Amaitis, president and chief executive officer of Cantor Gaming. "It’s absolutely revolutionary, showcasing a sleek and contemporary sports betting environment and offering patrons the most sophisticated experience on the Strip. Combining high-end, real-time technology and visual entertainment with a stunning design that includes marble flooring and our signature branding, our book is guaranteed to provide sports fans with the ultimate luxury sports wagering experience."

Cantor Gaming’s approach to sports wagering replicates a Wall Street trading model. With its unique technology, race and sports book patrons can place numerous bets on different outcomes throughout a sporting event. In the same way that prices in the financial markets are constantly updated, Cantor’s lines and spreads change continuously as the action in a game evolves

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Nevada’s statewide gaming win for October slipped 2.85 percent to $887.58 million compared to the same year earlier period when the non-restricted licensees won $913.64 million.

Nowhere is the competition among regional casinos in the U.S. more apparent than in Southern California where Penn National Gaming (PENN) is continuing its westward push with a San Diego resort that is due to open next summer.

​Business at Plainridge Park Casino slows dramatically whenever the New England Patriots are playing at home. Whether that’s a consequence of Massachusetts’ sole casino not having access to the legal sports betting is hard to say.

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