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Cantor Gaming acquires LVSC

Nov 8, 2008 7:53 PM

Staff & Wire Reports | Cantor Gaming, an affiliate of the global financial services company Cantor Fitzgerald, announced that it has acquired Las Vegas Sports Consultants (LVSC), the world’s largest oddsmaking company. LVSC provides odds and point spreads to all major Nevada sports books and its consensus line is considered the most valuable commodity for sports gaming all over the world.

LVSC’s products and services will complement Cantor Gaming’s menu of gaming products allowing both Cantor and LVSC to provide additional new and dynamic service products including international sporting events. Additionally, by utilizing Cantor’s state-of-the-art technology, LVSC will be able to distribute a broader range of services on a real-time dynamic basis and be the platform for a groundbreaking suite of new products to be offered after appropriate gaming regulatory approvals.

"LVSC is the most respected and trusted oddsmaker in the business, with a long and impressive track record of making lines on all major sporting events," said Lee Amantis, President of Cantor Gaming. "LVSC’s strict ethical guidelines and sophisticated use of technology reflect Cantor’s own values of trust and innovation. We’re delighted to combine the expertise of both companies to offer customers a comprehensive range of sports gaming services."

LVSC’s CEO, Kenny White said "We’re very pleased to be announcing this deal with Cantor Gaming. Cantor has a long history of processing highly secure, critical transactions in the world’s financial markets and brings this experience and world-class technology to the race and sports book business. We see huge synergies between the two businesses and are delighted to be working with a company that is raising the bar for sports gaming worldwide."