Sports book director for Cantor Gaming arrested, faces eight charges October 24, 2012 at 8:20 pm Howard Stutz & Chris Sieroty, LAS VEGAS REVIEW-JOURNAL Cantor Gaming sports book director Mike Colbert was arrested Wednesday by state gaming agents in conjunction with a warrant filed by the District Attorney’s office in Queens County, N.Y. Gaming and legal sources confirmed the charges involve PinnacleSports.com, one of the largest off-shore sports wagering websites. Sources said agents for the website were arrested in several cities Wednesday. New York prosecutors are expected to release more information Thursday morning at a news conference. Colbert, 32, was booked into the Clark County Detention Center on a fugitive charge. He faces eight counts of conspiracy, money laundering and enterprise corruption. He is scheduled to appear in Clark County courts on Monday. Gaming Control Board Chief of Enforcement Jerry Markling said Colbert was arrested at 6 a.m. at his home. He was one of eight people arrested in Las Vegas in connection with New York charges. Colbert was the only person arrested with ties to Nevada’s gaming industry. Markling declined further comment on the matter, referring additional questions on the case to New York prosecutors. “It’s a New York case. We are working with them,” Markling said. Control board agents, however, would continue to investigate the matter to see if there were any regulatory violations. Gaming and legal sources said matter does not involve Cantor Gaming and is unrelated to its business in Las Vegas. The company is cooperating with Nevada gaming authorities and met with officials Wednesday at the M Resort. In his role with Cantor, Colbert is the operation’s chief oddsmaker and oversees the company’s race and sports book business. Cantor Gaming leases space inside seven Las Vegas-area casinos – M Resort, Cosmopolitan of Las Vegas, The Venetian, Palazzo, Tropicana, Hard Rock and Palms – and owns and operates the race and sports book facilities. Colbert served as the sports book director at the M Resort, Cantor’s first property, which opened in March 2009. According to various sports wagering publications Colbert is a 10-year veteran of the state’s race and sports book industry. He is considered one of the industry’s most respected personalities and routinely is quoted on sports wagering issues by national publications and on sports talk radio programs. Last week, Colbert was interviewed by SportingNews.com, telling the publication the National Football League and other groups opposed to New Jersey’s efforts to legalize sports wagering didn’t have strong arguments. He said Cantor Gaming would explore opportunities in New Jersey. “The integrity argument, to me, is a complete facade,” Colbert told SportingNews. “It’s a smokescreen that they’re putting up there, because it sounds good to maybe the average guy who doesn’t understand the business. But if you’re in the business and know what’s going on, you know that if there is ever anything close to something shady, that we will be the ones that are able to point it out. That argument is so bad, and they continue to say it. It’s kind of silly.” Colbert is listed as a frequent guest on The Las Vegas Sportsline. Colbert was described in a 2010 interview with Wired Magazine as someone who “has been around gambling all of his adult life.” Cantor Gaming officials declined comment. According to its website, PinnacleSports.com was established in 1998 and is licensed by both the government of Curacao and the Alderney Gambling Control Commission. Contact reporter Howard Stutz at email@example.com or 702-477-3871. Follow @howardstutz on Twitter.