CBRE Group, Inc. Acquires Union Gaming
BC.Game

 

CBRE Group, Inc. today announced the acquisition of Union Gaming, a leading boutique investment bank and advisory firm focused exclusively on the global gaming sector.

Union Gaming, based in Las Vegas, offers investment banking services, including public debt and equity underwriting, M&A and strategic advisory, as well as gaming sector thought-leadership through its sector-leading research.

“Union Gaming fortifies CBRE’s position as a leader in the fast-growing global gaming sector,” said James Scott, Managing Principal, CBRE Capital Advisors. “We are excited to add to our investment-banking depth through the addition of Union’s talented professionals, deep relationships across the gaming sector and public-market capabilities.”

Union Gaming’s employees and CBRE’s existing Las Vegas-based gaming investment sales team led by Michael Parks will form a combined global gaming team. Bill Lerner, Union Gaming’s Co-Founder, will serve as CBRE’s Global Head of Gaming Investment Banking.

“We built Union Gaming on our singular commitment and belief in the long-term prospects for the gaming sector,” said Mr. Lerner. “Whether it’s the realization of casinos’ underlying real estate value, evolution of new gaming formats and technology, expansion of gaming in Asia, or recent surge of sports and online gaming, there is no better partner to continue our commitment to this next chapter of the business than CBRE.”

Founded in 2008, Union Gaming has offices in Las Vegas and Hong Kong.

Previous articleScientific Games Plans to Divest its Lottery, Sports Betting Businesses
Next articleGaming Innovation Group signs Pennsylvania platform agreement with partner PlayStar
George Miller has started working in the gaming industry as an Editor/Content Manager in 2016 and since then he has acquired many experiences when it comes to interviews and newsworthy subject covering. In 2017, he became Head of Content and he is responsible for the editorial team, press release and story covering on multiple websites that are part of Hipther Agency, including EuropeanGaming.eu.

LEAVE A REPLY

Please enter your comment!
Please enter your name here