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Cantor Gaming announces name change

Cantor Gaming, which provides gaming technology and services to the Atlantis Paradise Island resort in The Bahamas, is changing its name to CG Technology (CGT). 

Source:
Date:
Updated:
TheBahamasInvestor.com
Tuesday, January 7, 2014
Tuesday, January 7, 2014

CGT has experienced tremendous growth since beginning operations in Las Vegas in 2009. Its business has doubled over the last two years, and the company estimates it now has more than 30 per cent of the Nevada sports wagering market and processes more than 50 per cent of Nevada technology-based wagers.


CGT intends to seek a public offering in the future.

Cantor Ventures, the venture capital arm of Cantor Fitzgerald, LP, has been CGT’s lead venture capital lender. Cantor Ventures, which has no equity interest in CGT, has enabled CGT to develop a strong position in the gaming technology marketplace.

CGT provides private networks, systems, operations, management services, system licensing, and hardware and software design and development.

In addition, the company develops casino games with web hosting platforms for casinos. It also provides account-based systems for race and sports books, mobile gaming technology for casino-style games, and mobile sports wagering technology in the state of Nevada and internationally via Android and Apple compatible applications.

The World Bank has reported that The Bahamas, with an average income of $21,280, remains the wealthiest country in the Caribbean region. Watch a ZNS Network news report here.

The Ministry of Tourism has signed an agreement with the Miami Dolphins US football team to promote The Bahamas and sports tourism. Watch an interview with Minister of Tourism Obie Wilchcombe here.

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