LAS VEGAS--(BUSINESS WIRE)--Cantor Gaming, an affiliate of global financial services company Cantor Fitzgerald, announced today it has received authorization from the Nevada State Gaming Control Board to field test a new sports betting medium called Inside Wagers.
Inside Wagers, which will initially be introduced at the M Resort Spa Casino, gives patrons the opportunity to wager on individual games inside the conventional bookmaker lines. The system will operate on a commission basis to the patron on bets that are accepted.
“Inside Wagers is a line within the line, a revolutionary concept in the world of sports betting,” said Lee Amaitis, CEO of Cantor Gaming. “We’re creating an environment that allows people to get in and out of games at a much lower cost. Instead of the traditional 10 percent fee imposed on every bet, patrons will now be offered the opportunity to wager on an event at a substantial discount to the traditional rate,” he added.
Bets through Inside Wagers can only be placed during a designated betting window on a first-in, first-out basis. Once the window of time closes, additional bets are not allowed. All bets are then reviewed and either accepted in total, in part, or declined by the sports book based on demand of the wagering marketplace.
“Because lines continually move and Inside Wagers betting windows will open and close throughout the week starting on Thursday, patrons can take advantage of making bets based on the anticipated movement of the line, just as you would in the financial market,” said Mr. Amaitis.
Inside Wagers further builds upon Cantor Gaming’s expertise in financial technology, bringing Wall Street style trading to Las Vegas sports wagering. “We’re in the business of creating unique gaming experiences and continuously updating our products and technology to offer customers a gaming experience that they can’t get in any other sports book,” Mr. Amaitis said.
About Cantor Gaming
Cantor Gaming is an affiliate, and gaming licensee, of global financial services firm Cantor Fitzgerald L.P., which has over 65 years of experience and unparalleled expertise of highly secure real-time, global financial transaction processing, management, and execution. Cantor and its affiliates process over $140 trillion of financial transaction securely every year over its proprietary technology platform.
Cantor Gaming is the first company licensed to manufacture, distribute, and operate a mobile gaming system by the state of Nevada and remains the world leader. Cantor Gaming was also the first company to introduce In-Running wagering to Las Vegas, enabling wagering on live sporting events throughout the event. Cantor Gaming is the exclusive provider of mobile gaming and In-Running wagering solutions to the Hard Rock Hotel & Casino, Las Vegas Sands Corp, and M Resort Spa Casino, and also has announced that it will provide sports wagering and mobile gaming to the Tropicana.
Cantor Gaming also offers mobile solutions to the gaming industry through its proprietary mobile gaming device, eDeck™ (known as Pocket Casino at the Las Vegas Sands’ Venetian and Palazzo), which offers casino customers the ability to play innovative casino games developed by Cantor Gaming including XtraOdds Baccarat™ and XtraOdds Blackjack™ as well as new and exciting progressive jackpot games within designated areas of the casino property, away from the casino floor.
For more information, please visit: www.cantorgaming.com.
About M Resort Spa Casino:
M Resort Spa Casino is located on over 90 acres at 12300 Las Vegas Blvd. S. on the southeast corner of St. Rose Parkway and Las Vegas Boulevard. Situated higher in elevation than other resort-casinos on the Las Vegas Strip, the M Resort provides optimal views of the world-famous Las Vegas skyline from its guest rooms, suites, conference center and restaurants. The resort offers 390 guest rooms and suites, over 92,000 square feet of gaming, nine restaurants and five destination bars, more than 60,000 square feet of meeting and conference space, a state-of-the-art spa and fitness center and a 100,000 square foot events piazza. Future developments for M Resort will bring up to one million square feet of retail in a partnership with Taubman Centers Inc. and a 14-screen digital movie entertainment complex. For more information, visit www.theMresort.com. Find us on Facebook – M Resort Spa Casino. Follow @MResort Twitter. Read our M Point of View Blog.