December 6, 2006

Sands to Start Online Gaming

The Casino City Times had this article about the Sands stepping into online gaming:

"Las Vegas Sands Corp. will venture into the world of online gambling through a partnership with fledgling wireless-gaming device provider Cantor Gaming.

The casino operator announced Monday it will offer its gaming property brands -- Venetian, Sands, Palazzo and Paiza -- to an online casino site targeted toward gamblers in the United Kingdom. Cantor, an affiliate of New York-based financial services company Cantor Fitzgerald, will manage the site, which would be licensed out of Alderney in the British Channel Islands.

Both Las Vegas Sands and Cantor Gaming said safeguards would be built into the site so that wagers from U.S. citizens would not be accepted.

Financial terms were not announced, but sources familiar with online gambling said the companies would likely share any revenues the Web site generates. The yet-to-be-named Internet site is expected to launched by the middle of next year. "

Sadly, it sounds like its all for the UK. Perhaps with the new congress, we can get our internet gaming back. In the meantime, the UK gamers will certainly enjoy the potential of what the Sands can bring.

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Posted by Russell Miner at December 6, 2006 9:42 AM
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