Hong Kong – July 1, 2021 – CBRE Group, Inc. right now introduced the acquisition of Union Gaming, a number one boutique funding financial institution and advisory agency centered solely on the worldwide gaming sector.
Union Gaming presents funding banking companies, together with public debt and fairness underwriting, M&A and strategic advisory, in addition to gaming sector thought-leadership by way of its sector-leading analysis.
“Union Gaming fortifies CBRE’s place as a frontrunner within the fast-growing world gaming sector,” mentioned James Scott, Managing Principal, CBRE Capital Advisors. “We’re excited so as to add to our investment-banking depth by way of the addition of Union’s proficient professionals, deep relationships throughout the gaming sector and public-market capabilities.”
Union Gaming’s staff and CBRE’s current Las Vegas-based gaming funding gross sales crew led by Michael Parks will kind a mixed world gaming crew. Invoice Lerner, Union Gaming’s Co-Founder, will function CBRE’s International Head of Gaming Funding Banking.
Union Gaming’s principals have important expertise working in Asia and the agency has had a presence within the area since 2011.
“After we opened our first workplace in Asia in 2011, it was with the singular perception and dedication to the long-term prospects for the gaming sector within the Asia Pacific market,” mentioned Jack Hernandez, Managing Director and Head of Union Gaming’s Asia enterprise. “Whether or not it’s the Macau-led growth and growth of gaming within the total area, gaming legalization and built-in resort growth in Japan, realization of on line casino’s underlying actual property worth, or current surge of recent gaming codecs and know-how, there isn’t a higher accomplice to proceed our dedication to this subsequent chapter of enterprise than CBRE.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), ( Coldwell Banker Richard Ellis) a Fortune 500 and S&P 500 firm headquartered in Dallas, is the world’s largest business actual property companies and funding agency (based mostly on 2020 income). The corporate has greater than 100,000 staff serving shoppers in additional than 100 nations. CBRE serves a various vary of shoppers with an built-in suite of companies, together with amenities, transaction and undertaking administration; property administration; funding administration; appraisal and valuation; property leasing; strategic consulting; property gross sales; mortgage companies and growth companies. Please go to our web site at www.cbre.com. We routinely put up essential data on our web site, together with company and investor shows and monetary data. We intend to make use of our web site as a method of exposing materials, personal data and for complying with our disclosure obligations below Regulation FD. Such disclosures shall be included within the Investor Relations part of our web site at https://ir.cbre.com. Accordingly, traders ought to monitor such portion of our web site, along with following our press releases, Securities and Change Fee filings and public convention calls and webcasts.