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Cantor Gaming looking For Nevada Slots
Cantor Gaming, a mainly technology company that announced last year that it had ceased operating online casinos although it would continue to licence software, has applied for a slot route in Nevada, reports the Las Vegas Review-Journal.
Cantor is an offshoot of a major New York-based financial services provider and has a number of irons in the gambling industry fire. The company is operating the race and sports book at the month-old M Resort, using its "in-running" technology. It has also been successful in obtaining permission to offer
land casinos its remote gambling device for use on-premises, branded eDeck, and last year acquired a Nevada holding company owned by Mickey Wichinsky (see previous InfoPowa report) that included several gambling-related businesses and an impressive library of slot machine games and technology.
Part of the latter acquisition was a small slot machine route operation, and it is this enterprise for which Cantor sought land operating permission last week. The operation is small by any standards - two dozen slot machines in five Southern Nevada locations, including a laundry and the Moose Lodge.
"The deal wasn't so much to get the slot route as it was to purchase 50 years of intellectual property," Phil Flaherty, a consultant to Cantor Gaming, told LVRJ, explaining that the main benefit to Cantor from the acquisition was Wichinsky's casino games so the titles could be integrated into Cantor's existing products.
However, the Wichinsky transaction brought with it a small slot machine route business, where the company manages the devices and shares in the revenues with the locations where the slots are situated.
"The route operation wasn't that large, maybe about 100 devices on the route," Flaherty said. "It was part of the entire transaction."
Last week Cantor asked the Nevada Gaming Control Board for approval to operate five slot machines at the Pecos Laundry in Las Vegas, five machines at the Loyal Order of Moose Lodge No. 1763 in Las Vegas, three slot machines at the North Las Vegas Elks No. 2353, seven slot machines at the SuperMercado Rincon Latino in Las Vegas and two games at Mr. Deli in Las Vegas, according to the LVRJ report.
Restricted slot machine locations allow for up to 15 machines per location.
If permission is given Cantor will hardly constitute a serious competitive threat to the market leader. Herbst Gaming is Nevada's largest slot machine route operator with a total of some 6 800 slot machines in roughly 600 locations statewide.
The sector has suffered in a tough economic environment in recent months, with Herbst reporting 10 to 20 percent quarterly declines in business.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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