Real estate investment firm CBRE Group is set to make its foothold stronger in the public market by acquiring Union Gaming.
The staff and highly trained leading professionals of Union Gaming, which is a Las Vegas-based boutique investment bank and advisory firm focusing on the gaming sector, will be merged with CBRE Group.
As per Gambling Insider, CBRE Capital Advisors Managing Principal James Scott, said: “Union Gaming fortifies CBRE’s position as a leader in the fast-growing global gaming sector. 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 co-founder Bill Lerner added: “We built Union Gaming on our singular commitment and belief in the long-term prospects for the gaming sector. Whether it’s the realisation of casinos’ underlying real estate value, the 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.”
Apart from specializing in public debt and equity underwriting, Union Gaming is also involved in research and analysis on the gaming market.