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Cantor, William Hill Duke It Out

Tue, Jun 25, 2013

Cantor, William Hill Duke It Out

Cantor Gaming has filed a lawsuit in Clark County, Nevada, District Court, claiming rival sports book operator William Hill poached sensitive information and may have stolen clients when it acquired Brandywine Bookmaking in 2011, founded by former Cantor executive Joseph Asher.

After paying $15.7 million for Brandywine in June 2012, William Hill also hired Asher as CEO for its stateside operations, reports the Las Vegas Review-Journal.

Asher launched Brandywine in 2008, a year after exiting Cantor, then developed 16 sports and race books in Nevada under the Lucky’s label.

The suit, filed in May, alleges that William Hill “participated in, and plans to benefit from, Asher’s usurpation of business ideas and opportunities that belong to (Cantor). (Cantor is) informed and believes that the William Hill defendants have acted in concert with Asher and Brandywine for this unlawful objective.”

Asher contends that top executives at Cantor Fitzgerald, the Wall Street firm that owns Cantor Gaming, OK’d his plans for Brandywine Bookmaking before he left the company in 2007. Asher claims he was ousted, while Cantor contends he walked out.

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