The Sands is moving into cyberspace.
The Las Vegas Sands Corporation, which has had great success with The Venetian in Las Vegas and The Sands in Macao, China, announced it will launch an online gaming company with Cantor Gaming, an affiliate of bond brokerage Cantor Fitzgerald. An online poker site is planned as part of the deal.
According to the Sands Corporation, Cantor Gaming will provide a complete online casino and poker destination featuring Las Vegas Sands brands, including The Venetian, Sands, and the about-to-be-built Palazzo, and Paiza. The site will be launched during the second quarter of 2007 and will be initially offered only to customers in the U.K. and won't be available to customers in the U.S.
The site will be hosted and in compliance with the laws of Alderney, British Channel Islands.
This is the not the first partnership between the two organizations. In May, Las Vegas Sands announced The Venetian's plans to become the first Nevada casino to provide mobile gaming based upon Cantor technology.
The U.K. is set to become the largest industrialized country in the world to tax and regulate online gambling. All the rules and regulations are planned to be in place by autumn of 2007.
Shares of the Sands Corporation on the New York Stock Exchange jumped nearly $6 on the news of the plan. As of Wednesday, its shares were trading at $95.83.
The owner of the Sands, Sheldon Adelson, is already one of the richest men in the world. He is third on the Forbes 400 list, which is a list of the richest people anywhere. According to Forbes, Adelson is worth more than $20 billion and during the last two years, he has averaged making a little lower than $1 million per hour.
