NEW YORK, NY–(Marketwire – Feb 4, 2013) – Spectrum Gaming Group today launched a comprehensive advisory and financial services firm in partnership with prominent investment banker Robert Heller.
Spectrum Gaming Capital (“SGC”) will provide senior-level support globally to gaming industry developers, operators and investors on a highly tailored and cost-effective basis, as well as comprehensive mid-market investment banking services. The combined resources of Spectrum Gaming Group and Heller’s 30 years of investment banking and development experience enable SGC to offer development advice, help arrange and negotiate joint ventures, advise on corporate restructuring, consult on mid-market M&A, provide fairness opinions, and help to raise capital.
Heller previously served as Managing Director, Head of Americas Gaming & Leisure, at UBS Investment Bank, where he coordinated UBS’s gaming efforts globally. He has spent almost his entire career in gaming, lodging and leisure finance, including as Managing Director and gaming group head at Lehman Brothers and Bear Stearns, as well as at Salomon Brothers. Heller ran his own boutique firm for eight years, during which time he also acted as founding president and CFO for Baha Mar Resorts Ltd. in organizing and financing the startup of the $3 billion Baha Mar resort currently under construction in Nassau, Bahamas. Heller began his career as a CPA with PricewaterhouseCoopers and is a former member of the board of directors of the American Gaming Association.
“I am delighted to be joining with the team at Spectrum, an organization I have long held in high regard for its integrity and with whom I have worked many times. At Spectrum Gaming Capital, we will pursue a similar, client-centric model to Heller Gaming & Leisure, with the benefit of Spectrum Gaming Group’s renowned research base and deep bench of operational professionals to enable us to bring truly specialized and insightful development, finance and strategic advice to our clients,” said Heller, President and CEO of Spectrum Gaming Capital.
Spectrum Gaming Group Managing Director Michael Pollock said, “With Rob Heller at the helm, Spectrum Gaming Capital is immediately prepared to work with gaming operators, developers and investors. Spectrum Gaming Capital will deliver the expertise, credibility and comprehensive services that all Spectrum customers have come to appreciate.”
Spectrum Managing Director Fredric Gushin said, “Spectrum Gaming Capital will leverage the extensive international experience of both Rob Heller and Spectrum Gaming Group to serve both private- and public-sector clients worldwide.”