Wednesday, May 31, 2006

Mobile Gambling in Las Vegas

Las Vegas Sands Corporation will be among the first Las Vegas hotel company to use gambling devices in its casinos.

‘The Venetian’ will be the first casino to introduce black jack, roulette, poker and slots sometime this year on handheld devices that will be provided by Cantor G& W (Nevada) LP.

Unfortunately, the Nevada Gaming Commission regulations stated that mobile gambling can only take place in public areas of the casino – and not in hotel rooms or other private areas. The mobile gambling services at ‘The Venetian’ hotel will be provided after a field trial late this year or early next, after receiving regulatory approval. Joe Asher, Cantor managing director, stated that the deal makes company the Sands' exclusive mobile gambling provider, but does not prevent Cantor from making deals with other firms as well.

As a consequence of the business, it seems that Las Vegas Sands’ shares rose between 4$ and 6$ on the New York Stock Exchange.

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