Sector Trade: Gaming

Vegas stocks have been on fire lately, just take a look at the chart of Las Vegas Sands. It's up nearly 50% over the past month!

But is there really anything exciting at the casinos that’s going to draw people to the Strip? You might be surprised!

For insights Fast Money turned to Lee Amaitis, president and CEO of Cantor Gaming – an affiliate of Cantor Fitzgerald.

He tells us that one of the hottest things in casinos is ‘in-running’ sports wagering.

Essentially a way to trade the outcome of a game – during the game -- in-running opened for action with the 2009 NCAA March Madness Basketball Tournament, continued throughout the NBA Playoffs, horse racing’s Triple Crown, PGA Golf’s major tournaments and is currently offered for select Major League Baseball games.

Starting this September, Cantor Gaming will offer in-running technology for the 2009 NCAA and NFL seasons at The Venetian, The Palazzo and the M Resort.

Intrigued? Check out the entire interview now!


______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On Sept. 18, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour Owns (AA); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Finerman's Firm Owns (NOK); Finerman's Firm Owns (BAC) Preferred Shares And (BAC), Finerman Owns (BAC) Preferred Shares; Finerman's Firm And Finerman Own (WFC) Preferred Shares; Finerman's Firm Is Short (IJR), (IWM), (MDY), (SPY), (USO); Finerman's Firm Owns (APC); Finerman's Firm Is Short (BWA); Finerman's Firm And Finerman Own (RIG); Finerman's Firm Owns (WMT); Finerman's Firm Owns (ARO); Terranova Owns (AA) Puts; Terranova Owns (CAT) Puts; Terranova Owns U.S. Dollar Futures; Terranova Is Short (WFC), (HST), (JWN), (FCX)

GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC

For Joe Terranova

Terranova Works For (VRTS)
Terranova Is Chief Market Strategist Of Virtus Investment Partners, Ltd.
Terranova Is Co-Portfolio Manager Of The Virtus Diversifier PHOLIO
Virtus Diversifier PHOLIO Owns (IGE)
Virtus Diversifier PHOLIO Owns (DBC)
Virtus Diversifier PHOLIO Owns (DBV)
Virtus Investment Partners Owns More Than 1% Of (CAL)
Virtus Investment Partners Owns More Than 1% Of (DLR)
Virtus Investment Partners Owns More Than 1% Of (EXR)
Virtus Investment Partners Owns More Than 1% Of (IGE)
Virtus Investment Partners Owns More Than 1% Of (DBV)
Virtus Investment Partners Owns More Than 1% Of (SKT)
Virtus Investment Partners Owns More Than 1% Of (TNB)
Virtus Investment Partners Owns More Than 1% Of (UA)
Virtus Investment Partners Owns More Than 1% Of (CLB)

For Mark Mahaney
Citigroup Global Markets Or Affiliates Owns 1% Or More Of (YHOO)
Citigroup Global Markets Or Affiliate In Past 12 Months Received Non-Investment Banking Compensation From (YHOO), (GOOG), (AMZN)
(YHOO), (GOOG), (AMZN) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment Banking, Securities-Related)
(YHOO), (GOOG), (AMZN) Are Or In Past 12 Months Were Clients Of Citigroup Global Markets (Non-Investment Banking, Non-Securities Related)
Citigroup Global Markets Is A Market Maker In (YHOO), (GOOG), (AMZN)
Citigroup Global Markets And/Or Affiliates Has A Significant Financial Interest In Relation To (YHOO)
Citigroup Global Markets Or Affiliates Owns 2% Or More Of (YHOO)

For Lee Amaitis
Cantor Gaming Provides Technology For Las Vegas Sands
Edeck and 'in-running' wagering is only legal in Nevada
Cantor Gaming is an affiliate of Cantor Fitzgerald



CNBC.com with wires