Real estate brokerage CBRE acquires investment bank Union Gaming

Union Gaming 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.

Union Gaming’s principals have significant experience working in Asia and the firm has had a
presence in the region since 2011.

“When we opened our first office in Asia in 2011, it was with the singular belief and commitment to the long-term prospects for the gaming sector in the Asia Pacific market,” said Jack Hernandez, Managing Director and Head of Union Gaming’s Asia business. “Whether it’s the Macau-led development and expansion of gaming in the overall region, gaming legalization and integrated resort development in Japan, realization of casino’s underlying real estate value, or recent surge of new gaming formats and technology, there is no better partner to continue our commitment to this next chapter of business than CBRE.”