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Vol. 7 No. 12, December 2008, Goods & Services
Cantor Buys Largest Bookmaker
An international gaming company best known for its work with mobile devices acquired the largest oddsmaking company in the world last month.
Cantor Gaming, an affiliate of Cantor Fitzgerald, acquired the Las Vegas Sports Consultants firm for an undisclosed amount of money. LVSC provides odds and point spreads to sports books throughout Nevada, and its consensus line is a touted commodity for sports gaming worldwide.
The move gives Cantor additional gaming opportunities while allowing LVSC the ability to distribute a broader range of services on a real-time basis. A new platform of products related to sports wagers is pending regulatory approval and is expected to be announced shortly.
“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 Amaitis, 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.”
Kenny White, COO of LVSC, said the deal creates new opportunities for his company.
“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,” White said.
Cantor Gaming, an affiliate of Cantor Fitzgerald, acquired the Las Vegas Sports Consultants firm for an undisclosed amount of money. LVSC provides odds and point spreads to sports books throughout Nevada, and its consensus line is a touted commodity for sports gaming worldwide.
The move gives Cantor additional gaming opportunities while allowing LVSC the ability to distribute a broader range of services on a real-time basis. A new platform of products related to sports wagers is pending regulatory approval and is expected to be announced shortly.
“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 Amaitis, 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.”
Kenny White, COO of LVSC, said the deal creates new opportunities for his company.
“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,” White said.
Staff writers for Global Gaming Business magazine. Las Vegas, Nevada.
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