Special Situations

Special Situations Advisors & Investment Bankers

Valuations

We provide comprehensive valuation services tailored to the unique dynamics of the gaming industry. Our team understands the specialized factors that drive value in gaming businesses, including regulatory considerations, license values, market positioning, revenue models, and competitive dynamics. We deliver rigorous, defensible valuations that support our clients’ most important financial decisions.

Fairness Opinions

We provide independent fairness opinions for gaming company transactions, delivering objective assessments that help boards of directors, special committees, and stakeholders fulfill their fiduciary duties. Our fairness opinions evaluate whether proposed transactions—including mergers, acquisitions, divestitures, and related-party transactions—are fair from a financial point of view to stakeholders or other relevant parties.

Litigation Support/Expert Testimony

We provide expert valuation and financial analysis services in gaming industry disputes, offering credible testimony and comprehensive litigation support to attorneys and their clients. Our team delivers independent, defensible expert opinions in matters involving business valuations, economic damages, and financial disputes specific to gaming companies. We combine deep industry knowledge with rigorous analytical methodologies to support complex litigation and arbitration proceedings.

Developmental Guidance

We provide comprehensive financial and strategic guidance to casino development projects, helping developers, operators, and investors navigate the complex path from pre-RFP to opening. Our casino development services combine detailed financial modeling, market analysis, and industry expertise to support informed decision-making throughout the development lifecycle.

Market Research

We deliver specialized market research and competitive intelligence for the gaming industry, providing operators, investors, attorneys and other industry stakeholders with the insights needed to make strategic decisions with confidence. Our market research combines quantitative analysis, industry expertise, and on-the-ground knowledge to assess market opportunities, competitive dynamics, and performance benchmarks across global gaming markets.

Corporate Development

We provide strategic advisory services to support gaming companies’ growth initiatives, including new market entry, M&A due diligence, divestitures and strategic partnerships.

Go-to-Market Prep

We provide strategic guidance to support marketing efforts, creating a clear path to value creation and efficient capital deployment. We transform complex strategies into allocator-ready narratives, precisely target the right investors, and orchestrate the optimal mix of placement channels.

Litigation Support/Expert Witness Reports

Morrison Cohen

2018

Development Advisory

Fallsview Partners

2026

Litigation Support/Expert Witness Reports, Valuation

HHR/Stronach

2025

Corporate Development

Kaizen Gaming

2025

Go-to-Market Prep

Aruze Gaming

2025

Market Research

Strategic Value Partners

2025

Valuation

Genting USA Ltd.

2025

Litigation Support/Expert Witness Reports

Edgar Law Firm

2024

Market Research

Regency Casinos

2024

Market Research, Valuation

Landry’s Inc.

2024

Corporate Development

WOW / All american lottery

2024

Corporate Development

Vital Services Contractors

2023

Market Research

Sports Betting Alliance

2023

Due Diligence Support, Valuation

Sega Sammy

2023

Valuation

Lerner Corporation

2023

Go-to-Market Prep, Valuation

Esports Entertainment Group

2023

Market Research

Commonwealth Racing

2023

Market Research, Valuation

Affinity Gaming

2023

Market Research

Tote Board

2022

Valuation

Tri-State Partners, LLC

2022

Market Research

Indiana Gaming Commission

2022

Litigation Support/Expert Witness Reports

Peebles Kidder Bergin & Robinson LLP

2021

Market Research

Las Vegas Sands (LVS)

2021

Market Research

Intralot

2021

Fairness Opinion

Golden Nugget Online Gaming (Lancadia)

2021

Market Research

New York State Gaming Commission

2021

Market Research

Fanatics

2021

Litigation Support/Expert Witness Reports

BML Properties

2021

Market Research

Penn National Gaming

2020

Market Research

North Carolina Education Lottery

2020

Market Research

National Basketball Association

2019

Market Research

Major League Baseball

2019

Market Research

Louisiana Department of Economic Development

2019

Corporate Development

Entertainment Properties Trust (EPR)

2019

Market Research

West Virginia Department of Revenue

2019

Market Research

Puerto Rico Chamber of Commerce

2019

Corporate Development

Playtech

2019

Development Advisory

BTDS

2018

Market Research

Yocha Dehe Wintun Nation

2018

Market Research

Mohegan Tribal Gaming Authority

2018

Valuation

Lamda Development

2018

Market Research

Jack Entertainment

2018

Litigation Support/Expert Witness Reports

Bernstein Litowitz Berger & Grossmann LLP

2018

Litigation Support/Expert Witness Reports

Steptoe & Johnson

2017

Market Research

Genting UK Limited

2017

Development Advisory, Strategic Partnership Arrangement

CNS Group

2017

Go-to-Market Prep

Arena Cube

2017

Valuation

SVG

2016

Market Research

Washington State Gambling Commission

2016

Market Research

Suquamish Tribe

2016

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