LAS VEGAS SANDS SIGNS DEAL FOR ONLINE GAMLING SITE
04 December 2006
Agreement with Cantor Gaming will provide End-to-end Online Gaming Portal
LAS VEGAS, Dec. 4 /PRNewswire-FirstCall/ — Las Vegas Sands Corp. (NYSE: LVS) today announced that an agreement has been reached between one of its affiliates and Cantor Gaming, an affiliate of the global financial services company Cantor Fitzgerald, to launch an online casino and poker site initially aimed at serving the United Kingdom market.
Cantor Gaming will provide a complete online casino and poker destination featuring Las Vegas Sands brands, including The Venetian, Sands, Palazzo, and Paiza brands. The site will offer the most popular casino games, including blackjack, roulette, baccarat, video poker, slots and online poker. The offering will be part of a full end-to-end gaming service, including customer age and location verification, online payment processing, and customer services. The site is expected to be launched
during the second quarter of 2007. The site will be hosted, and the operator will be licensed, in compliance with the laws of Alderney, British Channel Islands. It will not accept U.S. customers.
“This is another opportunity for our company to create greater awareness of our global brands and further establish our presence and interest in the UK market,” said Bill Weidner, president and chief
operating officer of Las Vegas Sands Corp. “Additionally, as the internet gaming landscape continues to evolve this effort will put us in a strong position to evaluate and react to other potential opportunities.”
Weidner said Cantor’s expertise in managing sophisticated financial transactions, the regulatory environment in which they operate, and their successful licensing within the state of Nevada made partnering with them an easy decision.
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