Real estate brokerage CBRE acquires Union Gaming, the behalf of casino operators in Asia



Real estate investment firm CBRE Group Inc is acquiring Union Gaming. The deal was confirmed by both sides on Wednesday.


No financial details regarding the acquisition were disclosed by either party.


was founded in 2008, and has offices in Las Vegas, Nevada in the United States, and in Hong Kong.


The brokerage has been involved in a number of financing arrangements on behalf of casino operators in Asia. In June, it was announced Union Gaming was the marketing agent for a private placing of notes by Japan’s Universal Entertainment Corp, parent to the promoter of the casino resort in Philippine.


Union Gaming group offers investment banking services and advisory services. It also produces research on the gaming market, covering a number of listed casino operators, including ones with Asian exposure.


CBRE describes itself as “the world’s largest commercial real estate services and investment firm”, based on 2020 revenue. It is based in Dallas, Texas in the U.S., with offices in many other countries.


“Union Gaming fortifies CBRE’s position as a leader in the fast-growing global gaming sector,” said James Scott, managing principal at CBRE Capital Advisors. CBRE Capital Advisors is the investment banking business of CBRE.

Mr Scott added: “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.”


CBRE said that Union Gaming’s employees and CBRE’s existing Las Vegas-based gaming investment sales team, would form a combined global gaming team. Bill Lerner, Union Gaming’s co-founder, will serve as CBRE’s global head of gaming investment banking.

Editing by Rachel Hu

胡芮秋

Recent Posts

Sands China gets new waiver on credit facility conditions, hopes to launch Londoner Court hotel before Golden Week

Sands China says it has negotiated a third waiver extension and amendment to the conditions…

5 months ago

Nagasaki plans workforce and public safety for anticipated casino resort

Nagasaki says it is working on development of a workforce for its hoped-for casino resort.…

5 months ago

Pagcor now gets separate teams to monitor IRs and Online gaming

Pagcor says it now has two separate teams of officials in order to oversee respectively…

5 months ago

Macau says more time needed for Hong Kong air travel bubble

Macau said they would require more time to assess the situation regarding Covid-19 infections recorded…

5 months ago

Tokyo IR opposition grows during metropolitan assembly election

After Metropolitan Assembly election, the odds of Tokyo entering the commercial gaming race only lengthened.

5 months ago

Macau asked for Hong Kong travel bubble people to be segregated

Casino says Macau government has asked for Hong Kong travel bubble people to be segregated.

5 months ago