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COMPANY HISTORY
Founded in 1988 by majority owner John Gaughan, son
of Coast Resorts founder Michael Gaughan and
grandson of gaming legend Jackie Gaughan, LVDC is a
privately owned corporation. Since that time, the
company has grown from a three-person operation
operating in a 300 square foot office near Fremont
Street to its market leader position as the largest
provider of pari-mutuel wagering and horse racing
simulcasts.
A key milestone of the company occurred in 1990 when
Nevada's Gaming industry conducted a test to
implement off-track pari-mutuel wagering between
Nevada licensed race books and various racetracks
throughout the country. LVDC was selected as the
systems operator to conduct the new venture.
Following a successful one year test period, LVDC
entered into a long term exclusive contract with the
Nevada Pari-Mutuel Association (NPMA) for off-track
pari-mutuel wagering, and remains the sole Nevada
licensed provider of this service.
WHAT WE DO
LVDC provides a turnkey package of race information,
pari-mutuel comingling, satellite racing signals,
accounting, and banking services to its Nevada and
non-Nevada customers. The package includes making
arrangements for the installation and maintenance of
equipment, training of personnel, reconciliations,
bank transfers, contracts with race tracks,
communication lines, and payments to the race
tracks. Additionally, LVDC provides hard copy
back-up information to substantiate winners and
payouts for each race and confirm pertinent racing
information throughout the day for our clients. Our
staff is comprised of individuals who are
experienced with racetrack operations, tote systems,
race/sports operations, and all accounting practices
associated with this specialized industry. |
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