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Las Vegas Sands Corp. To Have Venetian Online Casino Next Year

VenetianThe Las Vegas Sands Corporation will be the first United States based casino to run a casino online. The agreement was announced on Monday between the Cantor Gaming software tecnhology company and the Las Vegas Sands Corp. to collaborate on internet casinos.

The deal made between the two companies furthers the relationship they already share. Cantor Gaming currently provides wireless service for Sands casino players. That service is for players at the Vegas casinos to be able to gamble while walking around the lobby floor.

The new online casinos will be released in the second quarter of 2007 and they will be marketed to UK players. The online casinos will be branded as The Venetian, Palazzo, and Paiza, all Vegas casino names owned by The Sands company. The online casinos will feature blackjack, craps, baccarat, slots, poker and the rest of the spectrum of casino games.

Although the company released in a statement that the move is being made to create greater brand recognition across the world, some analysts believe it is an attempt to show US officials that if gambling sites can be run respectably by reputable people than perhaps regulatory aspects should be looked at instead of the current prohibition that is in place.

"If Las Vegas Sands can show that it can successfully identify customers and put socially responsible policies in place, then it would be in a strong position to argue the merits of a new regulatory framework," the analyst said.

Shares of Las Vegas Sands gained $5.91, or 6.5 percent to $96.61 in afternoon trading on the New York Stock Exchange. Earlier in the session, shares hit a new 52-week high of $96.97.

Refer to one of our writer's Internet gambling conspiracy theory, as the plans seem to be set in motion.

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