South Point spokeswoman Anne Kerestesi could not be reached for comment Tuesday. South Point was good, but we think this will allow us to grow even more.” “It’s become a more important revenue center for the hotel.

“The market for sports betting is growing downtown,” said Joe Woody, CFO of the El Cortez.

Financial terms of the deal were not disclosed. Station Casinos expects to take over operations at the El Cortez in August, pending approval by state gaming regulators. and Brandywine Bookmaking LLC, along with Club Cal Neva Satellite Race and Sports book division. In April, William Hill spent more than $53 million to acquire Las Vegas-based American Wagering Inc. We just signed our first management deal.”Ĭantor Gaming operates sports books at The Venetian, Palazzo, Tropicana Las Vegas, Cosmopolitan of Las Vegas and the Hard Rock Hotel. “William Hill and Cantor have really pushed their weight around with their ventures in Las Vegas and Nevada. “We will find other opportunities,” he said. Gross gaming revenues last year were $151.1 million, only 5.5 percent of the total amount wagered.īut one deal doesn’t make them William Hill PLC or Cantor Gaming. Sports books in Nevada handled about $2.7 billion in 2010, according to state regulators. He said he expects the El Cortez to benefit financially from Station Casinos’ “significant marketing and advertising campaigns” for contests associated with NFL football. McCormick said the contract prohibits Station Casinos from managing other downtown sports books. “We expect to expand into other management (deals) in the future.” “I’m very excited about going into the El Cortez,” said Jason McCormick, director of race and sports book operations at Red Rock Resort.

The five-year management contract marks Station Casinos’ first foray into managing sports book operations outside of the 16 it owns and operates in its Southern Nevada casinos. Station will replace South Point, which had operated the facility in downtown Las Vegas for four years. Station Casinos LLC has entered into an exclusive partnership with the El Cortez to run the property’s race and sports book.

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