CG Technology, formerly known as Cantor Gaming, has announced the signing of an agreement with Logrand Group of Mexico to license its state-of-the-art sports book system.
As part of the deal, CG Technology will provide mobile sports wagering, back end account management and wallet functions to eight Logrand Group casinos in Mexico, including Jubilee Casino in Monterrey, which is Mexico’s largest casino.
Also, the agreement provides that Logrand Group will be able to utilize CG Technology’s software in other locations as their business expands.
The agreement was notable since it marks the first licensing deal for CG Technology in Latin America.
“We are delighted to work with the Logrand Group and bring our state-of-the-art licensing and software solutions to their casinos,” said Lee M. Amaitis, president and CEO of CG Technology.
“CG Technology estimates it has in excess of 25 percent of the Nevada sports wagering market and that over half of these wagers are conducted on mobile devices in Nevada. Our leading expertise in this area means we are perfectly positioned to elevate Logrand Group’s entertainment offering, especially as we introduce customers to the ease, convenience and excitement of mobile sports wagering applications, a phenomenon we are delighted to bring to the Logrand Group.”
Ray Poirier is the longtime executive editor at GamingToday.
Contact Ray at [email protected].