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Cantor Gaming has chosen a tough time to move out of the online casino market and into land gambling. With the current state of the economy, land gambling venues are reporting some very serious declines in profit and the numbers of gamblers heading to the casinos. The online gambling industry on the other hand has scarcely felt the full effects of the global economic crisis – many European internet gambling companies report continued profits from the internet gambling sector.

Cantor Gaming, a technology company affiliated with a New York financial company, shut down online casino operations and is looking to enter the Nevada slot machine industry apparently. Cantor Gaming was fast developing a name for itself in the US online casino gambling market – the company was not violating the UIGEA but did develop games that could be used by the land casinos to better appeal to the changing wants and needs of internet gamblers.

The latest news out of Cantor though indicates that the company has applied to the Nevada Gaming Commission for a license to operate a small slots business in the state. The move into the Nevada slots market comes as a direct result of the company’s decision to move away from online casinos and instead seek out land gambling partnerships and acquisitions. The acquisition of a holding company owned by Mickey Wichinsky prompted the need of a land slots license in the state.

Cantor’s land casino interests in the state of Nevada have really expanded over the past year and Cantor feels as though the land gambling industry in the US, even with the current recession is a better long-term bet for longevity and very pointed market development.