Gaughan involved in deal to reshape Nev. wagering business

May 22, 2012 3:07 AM

South Point Casino owner Michael Gaughan has confirmed his involvement in a deal that is one of those helping to reshape Nevada’s sport and race wagering business.

Gaughan told me he has 14 percent of the deal that saw British bookmaker Ladbrokes acquire Las Vegas-based software developer Stadium Technology.

Why did he do it? “I like Ladbrokes.”

As simple as it seems, although he has been a longtime customer of CBS, the software subsidiary of American Wagering that is being purchased by William Hill.

It seems reasonable to assume his interest in the Ladbrokes-Stadium deal may lead to something more as he is licensed to operate perhaps the first of the Internet licenses to be issued by the state, and as Ladbrokes is also licensed as an Internet service provider.

Boyd Gaming and Cantor are two of the currently licensed sports book operators using the Stadium software.

As for other possible deals in the making, British bookmaking giant William Hill is said to still be hoping for a deal with Station Casinos.