25.05.2006 14:07:00
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Las Vegas Sands Announces Mobile Gaming Partnership With Cantor Gaming
LAS VEGAS, May 25 /PRNewswire-FirstCall/ -- Las Vegas Sands Corp. today announced a long-term agreement with Cantor Gaming, an affiliate of the global financial services company Cantor Fitzgerald, to provide mobile gaming services to The Venetian Resort Hotel Casino and the currently under-construction Palazzo Resort Hotel Casino. The agreement provides that Cantor will be the exclusive provider of mobile gaming services to Las Vegas Sands properties in Nevada and in other jurisdictions where permitted by law.
Las Vegas Sands becomes the first Nevada casino operator to announce the use of mobile gaming technology. Last week, Cantor became the first company licensed by the Nevada Gaming Commission as a manufacturer, distributor and operator of a mobile gaming system.
"We continuously strive to provide our customers the best overall entertainment experience available and mobile gaming is the type of cutting edge trend we think will further enhance that experience for our customers," said Robert G. Goldstein, president of The Venetian Resort Hotel Casino. "Cantor Gaming literally created the market for mobile gaming, and we are pleased to partner with them to benefit from the evolution of gaming technology."
"We are excited to have entered into a long-term partnership with the Las Vegas Sands organization," said Cantor Gaming President Lee Amaitis. "They share our commitment to innovation and providing their customers an unparalleled gaming experience. Mobile gaming will add a new dimension to the player experience and provide increased revenues to casino operators. We look forward to introducing mobile gaming at The Venetian."
Cantor was instrumental in the Nevada legislature's adoption of Assembly Bill 471, which was signed into law by Gov. Kenny Guinn in June 2005. The bill permits wireless gaming on hand-held, mobile devices in public areas of a resort casino, such as restaurants, nightclubs and pool side. The devices will offer a full suite of casino-style games, including blackjack, roulette, video poker and slots.
Cantor's field trial for mobile gaming, as required by Nevada gaming regulations, will be conducted at The Venetian upon receipt of the required regulatory approvals, which is expected to occur in late 2006 or early 2007.
Statements in this press release, which are not historical facts, are "forward-looking" statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control, which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to general economic conditions, competition, new ventures, government regulation, legalization of gaming, interest rates, future terrorist acts, insurance, and other factors detailed in the reports filed by Las Vegas Sands Corp. with the Securities and Exchange Commission.
About Las Vegas Sands Corp.
Las Vegas Sands Corp. is a hotel, gaming, resort and exhibition/convention company headquartered in Las Vegas, Nevada. The company owns The Venetian Resort Hotel Casino and the Sands Expo and Convention Center, where it hosts exhibitions and conventions, in Las Vegas and the Sands Macao in the People's Republic of China Special Administrative Region of Macao. The company is also developing additional casino hotel resort properties, including The Palazzo Resort Hotel Casino in Las Vegas and The Venetian Macao Casino Resort in Macao.
About Cantor Gaming
Cantor Gaming is an affiliate of the global financial services company Cantor Fitzgerald. Cantor Fitzgerald, through its subsidiary, eSpeed, Inc., has unparalleled expertise in the real-time, reliable and secure execution of financial transactions. Cantor has long been committed to the utilization of cutting-edge technology and intellectual property. Cantor's mobile betting device, Cantor Mobile, was released in September 2003 and remains a world-leader.
Contacts: Ron Reese Las Vegas Sands Corp. Executive Director of Communications (702) 414-3607 Dan Shapiro Cantor Gaming (212) 829-4933
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