M&A Advisory (Sell/Buy-side) Engagements
Acting as buy-side M&A advisor to institutional private equity investor related to distributed gaming/HHR investment in Northeast US
Acted as sell-side M&A advisor related to sale of ACS PlayOn to Scientific Games
Acted as exclusive M&A Advisor (buy & sell side) for private ownership group to evaluate strategic and financing alternatives for investment in major racino in Southwest US / Provided buy-side M&A acquisition and due diligence support for distributed gaming/HHR acquisition in Rocky Mountain region of US
Advised LoneStar Funds in acquiring John Ascuaga’s Nugget in Sparks, Nevada, through the acquisition of a distressed debt position and consensual foreclosure
Advised Saratoga Gaming on acquiring Fitzgerald’s Kentucky Black Hawk (<$30MM) and Ellis Park HHR (<$10MM) properties, their first strategic diversification transactions away from core New York commercial racino
Advised an online gaming (casino and sports betting) technology platform provider as exclusive M&A advisor (buy and sell side) providing services including exploring strategic alternatives and a sale of majority or minority stake
Represented table game technology provider as exclusive sell-side advisor on its sale to Scientific Games. Also provided outsourced CFO and buy-side advisory services prior to the sale and assisted the Board of Directors and CEO in identifying potential acquisition opportunities
Advised Phil Ruffin as buy-side advisor in the original acquisition of the New Frontier Hotel and Casino in Las Vegas on its sale to El-Ad for $1.2 billion, and the re-investment of a portion of sale proceeds into the acquisition of ti from MGM for $775MM
Advised the Sault Ste Marie Band of Chippewa Indians on the initial acquisition of Greektown Casino in Detroit, MI - their first commercial strategic diversification transaction outside tribal lands
Advised Mohegan Tribal Gaming Authority in initial acquisition and redevelopment of Mohegan Sun at Pocono Downs (~$300MM) - their first commercial strategic diversification transaction outside tribal lands and expansion into Washington State via investment in Ilani Casino Resort
The above are representative engagements that GGH Morowitz principals were instrumental in advising on or executing.
