Major real estate broker acquires casino consulting firm

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An international real estate brokerage with a large office in Las Vegas has acquired a local casino consulting firm.

CBRE Group announced Wednesday that it has acquired Union Gaming. The timing was not disclosed.

Union Gaming, founded in 2008, is based in Las Vegas with an office in Hong Kong and provides investment banking services.

Firm He speaks he raised $ 28 billion in capital and worked on $ 2 billion in mergers and acquisitions.

According to the press release, Union Gaming employees and CBRE’s Las Vegas casino investment sales team led by Michael Parks will form a new group.

In a statement, Union Gaming co-founder Bill Lerner will become CBRE’s global head of investment banking for the gaming industry.

“We have built Union Gaming on our exceptional commitment and belief in the long term vision of the gaming sector,” Lerner said in a press release, adding that “There is no better partner to continue our commitment to this next chapter of the business than CBRE. “

CBRE says it has over 100,000 employees serving customers in over 100 countries.

This is an evolving story. Keep for updates.

Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. To follow @eli_segall on Twitter.



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