Cantor files to raise up to $100 million in stock offering


Gaming software company Cantor Entertainment Technology Inc. has filed with U.S. regulators to raise up to $100 million in an initial public offering of its Class A common stock.

Officials with the Las Vegas-based company told the U.S. Securities and Exchange Commission in a preliminary 189-page prospectus that Cantor Fitzgerald & Co. would underwrite the IPO.

No date for the IPO has been scheduled, but the company expects the shares to go to market sometime next year.

Cantor Entertainment Technology said it would sue the money from the offering to repay debt and plans to list its common stock on Nasdaq under the symbol "CETO."

The company is a unit of New York-based Cantor Fitzgerald, which also owns Cantor G&W that operates race and sports books at the M Resort and The Cosmopolitan of Las Vegas, among other resorts.

Contact reporter Chris Sieroty at csieroty@reviewjournal.com or 702-477-3893.

 

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