The Great Casino

It's all the same thing.

Wall Street executives usually protest when their business is compared to a casino. But there is a logic to privately held Cantor’s Vegas subsidiary, casino industry experts say.

“Guys who trade Treasuries are doing it for basis points, and sports betting is not much different,” said Jeffrey B. Logsdon, an entertainment and gaming analyst for BMO Capital Markets. “Trading a million dollars in Treasuries is different than trading a billion. Sports betting is the same. You want the spread, volume and you see yourself as a match maker.”