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.