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-- could be the start of a new era -- gambling tkachuk gaining part of Cantor Fitzgerald has created a new technology that lets you -- anywhere.
From a casino using a device that looks a little bit like a Smartphone.
Joining us now with how it all works and what it's all about -- -- if she is president and CEO of can -- Gaming we had that we -- going to be all last week and fortunate a lot of lot of news going on to thank you very much for coming back -- and being patient.
Is this only for these sports book aspect of gambling tell us about this device.
No actually the the technology was developed on.
Years in investment -- trading technology so.
-- if you take a look at the applications basically -- you know carrier and its affiliate companies store owner and forty trillion dollars worth of business.
Our technology is developed over many many years.
So you can consider that are handled so not only does -- -- -- trading applications it also does casino style games on hand held device.
In 2000 in the UK why did it take so long to bring it here to the United States.
Well we we we launch -- technology in the UK.
Based on you know sports wagering in in the UK's he's.
Is legal operations and in the course in the United States is always two states that allow sports wagering -- -- Nevada and Delaware.
The the regulatory.
Obviously applications took a long time that development of the technology in terms of getting approval.
And it it all came together in.
November of 08 it was launched in march -- 09 at -- -- casino and it is available also at the Venetian palazzo.
She could literally be a day at the craps table just wait your turn of the dice and put your money in the past line and be gambling on something else using it.
-- well that the technologies based upon the application to make you mobile what what what.
What we have proven in the results over the last -- the nine month operation have been that.
That gaming operators can earn income from nontraditional gaming spaces so for example -- convention -- and restaurants.
In other areas where the public.
Can sort of congregate there and they can actually play their paper casino games or make their sports leaders.
What kind of -- are you working on to bring that thing in the next year felony.
While the two the two most popular games that we have on the system today formal for a casino style games are what we call extra -- Sorters at trump blackjack and baccarat.
And and the technology allows you to -- again after the cards you're dealt so basically you can hedge your bets -- pressure bets which gives the player a more.
Time at the table advantage in terms of being able to stretch out -- bankroll so what what happens is if you're if you're an underdog and hand dealt -- you could actually -- your -- think that need to deal was gonna.
Gonna -- -- so we have all different sorts of new games coming out we have wrote a lot of surprises for for this year in terms of new technology.
Think a -- as using all of our financial trading abilities and applying it to casino style games so.
Results based on what happens in the casino will be available.
In the sports world.
We allow people to trade or trade sports doing an event so in theory what's happened -- account wagering has become very very popular.
And in the sense that people can now not get shut out so you could always have a window open to make a plea for better on sports event but I'm sure that you know a lot of people -- -- gambling in any form lead but now you've got this makes it easier.
What's the criticism been about the product what have you heard.
While I the -- there's been no criticism in state and Nevada obviously because we're in because where -- feature increasing and going and helping to hold them in terms of casinos and operations.
I think that you know if you're if you're gonna take the moral side of gambling I'm.
Everybody has seen gaining revenue as a taxable event to help.
And the State's economy or in cases that that have been on there have been negotiation federal -- be so.
So I'm not sure that there's going to be resistance that the expansion team in any -- just controls and one of the things about our technology is that it allows you to shut down problem gambling so you can put limits upon yourself where you can -- play again.
And also the operators can control that so you know there's -- credit on this this is basically account wagering deposit him.
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