and resort industries including Sports Betting and Esports. We:
Provide mid-market investment banking services
Perform complex valuation work and litigation support
banks, providing unbiased strategic guidance and access to long-term investors.
Economic Impact
Investigations and Licensing
Gaming Regulation and Taxation
Fraud Prevention and Detection
582 Market St, Suite 300, San Francisco, CA 94104
Please refer to FINRA BROKER CHECK for information about Robert Heller and Growth Capital Services
About Us
We are financial advisors to the global gaming and resort industries including Sports Betting and Esports.
We arrange strategic partnerships and early stage capital for developers, provide mid-market investment banking services, perform complex valuation work and provide litigation support. SGC fills the gap between gaming consultants and balance sheet-based investment banks, providing unbiased strategic guidance and access to long-term investors.
Spectrum Gaming Capital’s investment bankers, developers, and researchers are senior-level advisors who possess in-depth gaming and resort knowledge, combined with broad transactional and valuation skills. Our team members are all gaming experts with complementary skill sets, and we collaborate on every assignment.
Our principals have a combined 100+ years of industry involvement, globally.
- $50 billion in industry M&A and financing transactions.
- Extensive property operations and development history.
- Bulge-bracket and boutique Wall Street backgrounds.
Gaming and Resort Developers
- Development Organization and Strategy
- Financial Planning and Analysis
- Strategic Partnerships
- Capital Raising
Mid Market Gaming Companies
- Strategic Advice
- M&A Execution
- Fairness Opinions & Valuation
- Capital Raising
Digital Gaming and Sport Betting Companies
- Covering real money gaming, sports betting, social gaming, as well as fantasy and e-sports
- Capital Raising
- M&A Execution and Strategic Partnerships
- Complex Analysis for Lobbying and Regulatory Support
Investors, Governments & Other Professionals
- Investee operational and strategic review
- Valuation, Litigation and Restructuring Support
- Financial Evaluation of Gaming Expansion
- Complex Analysis
The Spectrum Gaming Group of Companies provides a broad range of additional services to the gaming industry
Regulatory Consulting
- Anti-Money-Laundering
- Investigations and Licensing
- Regulation and Taxation
SGC’s association with the Spectrum Gaming Group of Companies enables us to offer a 360 degree range of services to our clients.
SGC Clients
Past and present.
Landry’s
Ongoing
Strategic advisor in connection with the expansion of Landry’s-owned Golden Nugget branded casinos.
Entertainment Properties Trust
July 2019
Financial advisor in connection with EPR’s pursuit of casino real estate M&A.
Playtech
Ongoing
Strategic advisor in connection with Playtech’s entry into the sports betting and i-gaming market in the US.
Balkan Tourist
May 2019
Development advisor for Balkin Tourist Development Services (BTDS) in connection with the redevelopment of the Grand Hotel Varna into an integrated casino resort.
Golden Nugget LLC
April 2020
Prepared a valuation fairness opinion in connection with recent debt offering.
North Carolina Education Lottery
April 2020
Financial advisor in connection with a market analysis for digital gaming including i-lottery and i-gaming.
Zelnick Media Capital
February 2020
Financial advisor in connection with due diligence on a potential charitable gaming investment.
Clairvest
February 2020
Financial advisor in connection with due diligence on a potential gaming operator investment.
PENN National Gaming
January 2020
Financial advisor in connection with an analysis of grey market distributed gaming.
Oakhill Advisors
April 2019
Financial advisor in connection with an investment in a global gaming and lottery technology company.
Puerto Rico Chamber of Commerce
March 2019
Financial advisor in connection with revenue estimates generated from sports betting in Puerto Rico.
Major League Baseball
March 2019
Financial advisor in connection with an analysis of the impact of the proposed royalty fee on sports betting revenue.
National Basketball Association
March 2019
Financial advisor in connection with an analysis of the impact of the proposed royalty fee on sports betting revenue.
Jack Entertainment
December 2018
Financial advisor in connection with analyzing the impact of new casino competition in Detroit, MI.
Intralot
November 2018
Financial advisor in connection with sports betting projections for Washington D.C.
Lamda Development
November 2018
Development advisor to Lamda Development in connection with the redevelopment of Hellenikon, the former Athens airport, into an integrated casino resort.
Morrison & Foerster
September 2018
Expert witness work in connection with litigation involving a Nationally renowned Real Estate Investment Trust and their JV partner in a casino.
Genting
June 2018
Financial advisor in connection with assessing the reasonableness of projections for the proposed First Light Casino in Taunton, MA.
Foxwoods & Mohegan Sun
May 2018
Financial advisor in connection with projecting gaming revenue from sports betting and internet gaming in the State of Connecticut.
CNS Group
August 2017
Development and financial advisor to CNS Group, Cyprus in connection with winning the tender for the first integrated resort in Europe including arranging a JV with Melco International for a $500M+ project.
Liberty Rising Casino Resort
November 2016
Development and financial advisor to Paul Fireman in connection with the proposed $4B Liberty Rising Casino Resort in Jersey City, NJ.
Undisclosed Investor
November 2016
Financial advisor in connection with a proposed investment in a gaming technology company.
Washington State
November 2016
Analyzed the technical advances in gaming, their efficacy and potential in-state impacts.
Undisclosed California card room
November 2016
Valuation of a card room in connection with a financing of an M&A transaction.
Government of Laos
October 2016
Valuation and litigation support in connection with the Savan Vegas Casino in Savannakhet Province.
B.C. Lottery Corporation
August 2016
Financial advisor for a study that analyzed the efficacy of certain non-gaming investments and their impact on gaming revenue.
Ourway Realty
August 2016
Valuation advisory in connection with litigation involving the Plainridge Park Casino.
Ivory Gaming
March 2016
Financial advisor in connection with a proposed agreement to operate an Atlantic City casino.
Undisclosed National Law Firm
February 2016
Expert witness work in connection with litigation between an Arizona Indian Tribe and their former legal counsel.
NYC Based Hedge Fund
January 2016
Financial advisor in connection with a proposed investment in a B2C internet gaming company.
Native American Tribe
January 2016
Consultant to a Western US Tribe in connection with estimating the market size of internet gaming and daily fantasy sports in their home state.
Atlantic City Operator
December 2015
Valuation and financial advisor in connection with an investment in a B2B internet gaming company.
Institutional Investor
March 2015
Financial advisor to a private equity fund in Canada in connection with a bid for certain bundle of casino projects being auctioned by the OLG.
State of Iowa
March 2015
Advisor in connection with fund distribution to the greyhound racing industry.
Fountainbleau Resorts
December 2014
Expert witness work in connection with litigation between Fountainbleau Resorts and a group of debt investors.
West Virginia
December 2014
Advisor to the state of West Virginia in connection with a comprehensive study on state subsidies to the greyhound racing industry.
Brookfield
November 2014
Financial advisor to Brookfield Asset Management in connection to negotiations with Atlantic City regarding real estate taxes of Revel.
Fair Grounds Race Course
September 2014
M&A advisor to GMB Racing in connection with its pursuit of acquiring Fair Grounds Race Track.
Atlantic City
May 2014
Valuation advisory work for the city of Atlantic City in connection with the resolution of the real estate tax dispute with Borgata.
Volterra Fietta
December 2013
Expert witness work in connection with a casino license dispute with the government of Hungary.
SGC in the News and Observations on the Gaming Industry
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