Cantor Gaming and Horse Racing United have announced they have entered into an exclusive agreement for Cantor Gaming, subject to pending state legislature approval, would provide Horse Racing United technology and supporting infrastructure required for a intrastate Internet poker platform.
Horse Racing United and Cantor Gaming support the State of California passing legislation to legalize online poker gambling, currently under consideration by the California Legislature, which would generate substantial revenue for California at a time of significant budget challenges.
Legislation would provide further support to the California horse racing industry?s 50,000 jobs and $2.5bn economy, as well as help the state remain competitive as other states consider legalizing online gaming.
The terms of the agreement provide that Cantor Gaming would utilize its technology and supporting infrastructure to develop a legal, authorized Internet poker platform throughout the State of California. The agreement is further subject to Horse Racing United being selected as one of a limited number of licensees to operate an intrastate Internet gambling website.
Upon enactment, the legislation would represent positive momentum from 2001 legislation that granted the California horse racing industry exclusive legal rights to conduct Internet wagering on horse racing within the State, making it the only industry authorized to conduct online gaming.
Josh Rubinstein, Senior Vice President, Development of Del Mar Thoroughbred Club said, ?In order to provide new revenue for the State, protect California jobs and make sure California is economically competitive, Horse Racing United is committed to working with the State of California to seek a legal Internet poker solution that works for all parties.?
Lee Amaitis, Cantor Gaming President & CEO, added, ?In concert with its affiliates, Cantor Gaming has more than 800 professionals in California, serving gaming, financial, real estate and other industries. As other states begin to move to legalize online gaming, California is well-positioned to leverage its size and generate revenue that otherwise would not exist.?
About Cantor Gaming?At Cantor Gaming is built upon Cantor Fitzgerald?s legacy of integrity and excellence and its unmatched financial technology to create an innovative and unique gaming system to revolutionize the gaming experience in Las Vegas. The company is the first licensed by the Nevada Gaming Commission to manufacture, distribute and operate a mobile gaming system in the state.
Cantor Gaming provide casinos with a complete mobile gaming solution, including a proprietary wireless gaming system, full back-office infrastructure and a portfolio of casino games.
More Information
Website: CantorGaming.com
Facebook: Facebook.com/CantorGaming1
Twitter: @CantorGaming
YouTube: YouTube.com/CantorGaming
About Horse Racing United
Horse Racing United is a not-for-profit organization representing substantially all Thoroughbred racing and breeding interests within California. Horse Racing United members consist of Santa Anita Park, Del Mar, Golden Gate Fields, Oak Tree Racing Association, Thoroughbred Owners of California, California Thoroughbred Breeders Association and California Authority of Racing Fairs.
More Information
Website: CHRB.ca.gov
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