Cantor Gaming, a leading race and sports book operator in Nevada, and Palms Casino Resort have signed a long-term agreement for Cantor to operate the race and sports book and offer mobile gaming at the Palms commencing in the first quarter of 2012.

Under the terms of the agreement, Cantor Gaming will build a new race and sports book that offers sports betting fans the latest in technological advancements and convenience, including the company’s mobile sports wagering available throughout the state of Nevada, and its proprietary wireless gaming system which will be available across the entire resort area, including hotel rooms.

Construction of the new race and sports book will begin in April 2012 and is expected to be completed in time for the 2012 football season. During the interim period Cantor Gaming will operate an ancillary sports-only book near the Mint High Limit Lounge located on the main floor of Palms.

“At Palms Casino Resort customer satisfaction and enjoyment is of paramount importance,” said Palms President Joseph A. Magliarditi. “By partnering with Cantor Gaming, a book operator known for its creative and innovative approach to sports wagering and its spectacular sports book environments, we are confident that our guests will enjoy the same high standards and superb experience in our race and sports book as they have come to expect across our resort.”

According to company literature, Cantor Gaming’s approach to sports wagering uses high frequency Wall Street trading technology and proprietary algorithms that allows sports book patrons to place a wide range of unique wagers on different outcomes before and during a sporting event. The company can process millions of dollars of individual wagers within seconds. The advance of Cantor Gaming's cutting edge mobile technology gives customers the flexibility and convenience to review and place wagers instantaneously during their normal daily activities from wherever they are. The company also engineers a sophisticated and luxurious audio visual experience within the sports books that provides an industry leading viewing experience.