SOURCE: Spectrum Gaming Capital

Spectrum Gaming Capital

May 01, 2014 08:00 ET

Spectrum Gaming Capital, LLC, Announces Adam Steinberg, Gaming Industry Investment Analyst, Joins Banking Team

NEW YORK, NY--(Marketwired - May 1, 2014) - Spectrum Gaming Capital, LLC, is pleased to announce that Adam Steinberg, CFA, has joined the firm as Senior Vice President. Mr. Steinberg was most recently an independent financial consultant operating under the name of AM Steinberg Advisors and has been working as a senior advisor to SGC since its inception. Previously, Mr. Steinberg was Senior Vice President at FBR Capital Markets, where he was the high yield gaming, restaurant and leisure analyst. Mr. Steinberg has also held equity research and investment banking positions at CIBC World Markets, Bear, Stearns & Co. and Morgan Joseph & Co.

"We are very pleased to have someone of Adam's experience and expertise joining the growing SGC team," said Spectrum Gaming Capital CEO Rob Heller. "Adam has a diverse background in analyzing gaming equity and debt securities as a highly respected research analyst. He also had many years of experience in arranging gaming industry transactions working both on Wall Street and in the gaming industry. His deep insight into the capital markets and the gaming sector will enhance our capability to guide our clients in capital raising, valuation and strategic planning."

Together with sister company Spectrum Gaming Group, SGC's principals have a combined 100-plus years of global gaming industry experience, have completed $50 billion in gaming industry M&A and financing transactions, and have extensive property operations and development experience.

Spectrum Gaming Capital leverages its extensive experience and Spectrum Gaming Group's deep bench of research and operational expertise to service our clients in four distinct ways:

  • Advising on strategic partnerships and financing for casino and resort developers.
  • Advising on M&A and arranging private capital placement for mid-market transactions.
  • Providing valuation guidance in connection with fairness opinions, restructuring, advising board special committees, investor due diligence, and as expert witnesses.
  • Advising on complex gaming matters for governments and larger companies.

Meet the Spectrum Gaming Capital team at the upcoming East Coast Gaming Congress and iGaming Institute, May 19-20 at the Borgata Hotel Casino & Spa in Atlantic City, and at Indian Country Online, June 2-3 at the Renaissance Oklahoma City Convention Center Hotel. Visit www.eastcoastgamingcongress.com and www.indiancountryonline.net for more information and to register. You can contact Adam directly at asteinberg@spectrumgamingcapital.com. To learn more about Spectrum Gaming Capital, visit www.spectrumgamingcapital.com, email solutions@spectrumgamingcapital.com, or call 1-917-579-4609.