Friday, May 11, 2012

news.casinolife

news.casinolife


Cantor Gaming Appoints Brad Thomte As Manager Of Its New Poker Room At Palms Casino Resort

Posted: 10 May 2012 01:38 PM PDT

LAS VEGAS  May 10 2012 PRNewswire Cantor Gaming® today announced that Brad Thomte has joined Cantor Gaming as Manager of its new Poker Room, which opened on May 4 within the newly refurbished Cantor Race & Sports Book at the Palms Casino Resort.

Mr. Thomte has joined Cantor Gaming with more than nine years of poker experience, extensive guest service expertise and a passion for poker. Prior to joining Cantor Gaming, he worked in the world famous poker room at Binion’s Gambling Hall & Hotel as shift supervisor and Poker Room Manager. He was involved with numerous high profile poker tournaments including: Binion’s Poker Classic, the World Series of Poker, and the nationally syndicated and weekly televised Ultimate Poker Challenge.

Lee M. Amaitis President and CEO of Cantor Gaming

Lee M. Amaitis, President and Chief Executive Officer of Cantor Gaming, said: “We are excited that Brad has joined the team.  His extensive experience makes him a perfect fit.  He has arrived at an exciting time as we explore the natural overlap between sports bettors and poker players and we seek to offer customers at Palms maximum entertainment and convenience.”

Commenting on his appointment, Mr. Thomte stated: “I’m delighted to have joined Cantor Gaming, and work in partnership with Palms, to provide a world-class poker experience.  This is an incredible opportunity which I’m excited to be a key part of.”

The poker area at Palms is located within the newly refurbished Cantor Race & Sports Book.  There are eight poker tables in total, offering live poker and live dealers.

About Cantor Gaming At Cantor Gaming, we have built upon Cantor Fitzgerald’s legacy of integrity and excellence and its unmatched financial technology to create an innovative and unique gaming system that we believe is revolutionizing the gaming experience in Las Vegas. Cantor Gaming is the first company licensed by the Nevada Gaming Commission to manufacture, distribute and operate a mobile gaming system in the state. We operate race and sports books across seven Las Vegas resorts, providing our patrons with an array of over the counter and account-based race and sports wagering at betting carrels and on mobile phones and tablets, as well as casino-style mobile gaming.  Cantor Gaming offers casinos the convenience of complete mobile gaming and race and sports book solutions, including proprietary wireless gaming and sports book system, full back-office infrastructure and a portfolio of casino games and wagering products. We are passionate about applying technology to transform gaming and we are continuously using innovations in the operation of our race and sports books, and enhancing our products and technology, to offer customers a unique and memorable gaming experience.

Cantor Gaming is an affiliate of the global financial services firm Cantor Fitzgerald, which has over 65 years experience and unparalleled expertise of highly secure, real-time financial transaction processing, management, and execution. Known globally for superior financial technology and real-time and secure execution of financial transactions, Cantor’s clients include the world’s leading banks and trading firms. Cantor’s technology drives over $500 billion in transactions for the world’s capital markets every day.

 

 

Beyond Surveillance Cummins Allison Explains the Value of Anti Fraud Detection Technology in Cash Management Activities

Posted: 10 May 2012 01:20 AM PDT

MT. PROSPECT, IL – Where there is a will, there is a way. Unfortunately, in the gaming industry, this adage is true for fraudulent activity that can negatively impact a casino. For this reason, fraud prevention measures can't be ignored. Whether it's deterring players on the gaming floor or employees throughout the property, casinos need to be cautious of this activity at all levels.

Surveillance is an ever-present fraud prevention technology in all of today's casinos. However, as Cummins Allison – the leading innovator and provider of coin, currency and check handling solutions – explains, going beyond what can be picked up by a camera is critical when it comes to preventing fraud in cash management activities

Why Counterfeit Detection Matters Failing to address the potential for fraudulent notes can result in a loss to the casino and deteriorate the trust of patrons. For example, if counterfeit detection devices are not used at the note's source of entry, then when these notes are identified later during the deposit preparation process or at the bank, it's generally too late to trace them back to the source of origin. Even worse, these suspect notes may be recirculated within the casino, potentially damaging your reputation

Stopping Counterfeits Cold Including counterfeit note detection into all devices that accept cash is a technology need – not a want. The better the counterfeit detection, the better the fraud control. And, the sooner the counterfeit note is detected, the better the chances of finding and stopping the source.

It's important to remember that counterfeit note detection does not have to be a disruption to operations or impedance to the player experience. In fact, the latest currency sorters and currency/check/ticket scanners are equipped with a wide range of counterfeit detection sensors that instantly identify counterfeit bills at the source of entry. This includes magnetic ink, fluorescence, ultraviolet, infrared and sensing technologies. Casinos can often select the level of counterfeit detection that's right for their property – from basic up to the most advanced levels of detection available.

Serial Number Capture is Catching On Serial number capture is a brand new technology, and it's gaining momentum due to its many uses and its non-invasive nature; which is why many of today's advanced currency processing solutions include this capability. For example, if a casino is concerned about hindering the player experience with counterfeit detection devices, this technology can be used to capture the serial number of every note accepted at the cashier window, retail outlet or table game. These serial numbers are stored in a database for future reference and tracking.

Forward-thinking casinos are exploring other uses and benefits of serial number capture, such as:

•             Tracking notes throughout the casino to better understand the flow of currency from one source to the next;

•             Providing better accountability for Title 31 reporting;

•             Identifying high-risk areas throughout the property, such as the high limit gaming areas;

•             Linking transactions to originating parties to help mitigate risk; and

•             Spotting trends of possible fraudulent activity in a proactive manner.

Serial number capture can also be beneficial when applied to employee activity. This includes reducing finger pointing and discrepancies by tracking notes from employees turning in their end banks and tracing notes going into and out of automated employee banks.

Investing in fraud detection technologies is critical to maintaining a casino's operations.  To learn more about the latest counterfeit detection technologies, listen to a new podcast, "Making the Case for Technology Investments",presented by Curtis Hallowell, VP product management, Cummins Allison or visit www.cumminsallison.com/casino.

About Cummins Allison Cummins Allison is a global leader in developing technologies which count, sort and authenticate currency. The U.S.-based company has a 100+ year heritage of leadership in technology and product innovation and currently serves the majority of financial institutions worldwide, as well as leading organizations in retail, casinos, law enforcement and government.

The company holds more than 350 U.S. patents and has ongoing research and development (R&D) investments double the industry average. Cummins Allison is headquartered near Chicago, IL with R&D centers near San Diego, CA and Philadelphia, PA and wholly owned subsidiaries in Canada, the United Kingdom, Ireland, Germany and France. The company also has an extensive sales and service network with more than 50 offices in North America and is represented in over 70 countries. For more information, visit www.cumminsallison.com.