Cantor Gaming could soon be the first firm to have its wireless gambling devices licensed for use in Nevada’s gaming establishments. The state’s Gaming Control Board has recently recommended Cantor Gaming should receive the honor, with the final decision to be made by Nevada’s Gaming Commission on May 18.
Cantor G&W (Nevada) LP is an affiliate of the financial services firm Cantor Fitzgerald, which has its headquarters based in New York. Cantor’s gaming devices are based on the most commonly used technology used in Britain, which is known as bond-trading technology.

Regulations passed in March resulted in Nevada becoming the first U.S. state to approve the use of handheld devices for gambling in public areas inside registered land-based casinos.  The new rules permit a range of casino games to be played in restaurants, bars and by the pool, including, poker, bingo and blackjack. However, handheld devices are not permitted for use in unsupervised areas of the casino.
The decision to recommend Cantor as the first licensee was made after the firm’s managing director, Joe Asher, announced the firm’s readiness to make substantial investment in wireless gambling technology.  The devices are aimed at young gamblers between 20-40 years of age who are accustomed to operating hand-held video devices.

While the new legislation has created intense interest on the part of some, other gaming operators such as MGM Mirage and Harrah's Entertainment are holding off until the technology evolves further.

Cantor’s main rivals include Diamond I Inc., which has developed its own version of the device; FortuNet Inc, also based in Las Vegas, and International Game Technology, currently the international market’s leading slot machine manufacturer.

Back to May 2006 Online Gambling News
Back to latest Online Gambling News
Back to Online Gambling Archive