In order to reflect its focus on mobile casino gaming and sportsbook products, Cantor Gaming has confirmed that the company has been rebranded as CG Technology (CGT).
According to the firm, the new identity would not only reflect its direction towards mobile casino gaming, but would also represent its dedication to developing the best technology products and services tailored to the gaming industry.
Considering US gambling laws had prohibited mobile casinos and online sportsbooks until 2012, mobile casino Cantor Gaming has seen significant growth in its revenues.
As a result of the company’s success, the gaming solutions firm stated it intends to follow up on its recent growth, with future plans for expansion by seeking a public offering.
Cantor Games changes name to CG Technology to reflect its mobile casino gaming products and services
Over the past two years, the recently rebranded CGT has seen its business double, and estimates that it has 30% of the US state’s sports wagering market and more than 50% of Nevada’s technology-based wagers.
Although things have not been smooth sailing for CGT, since it also had to pay a settlement in full to the regulatory complaint board with the Nevada Gaming Control Board.
The complaint stemmed from the illegal activity of former employee, Michael Colbert, who was arrested in 2012 and pled guilty to the charges.
CG Technology expects to finalize the matter with the board soon, and has since implemented “additional industry-leading compliance processes”, after analysis of its own systems, operations and procedures.