Las Vegas-based Union Gaming Group is making a move to build out an institutional equity trading platform.
The company, which advises the casino industry and provides research analysis on publicly traded gaming companies, hired three new managing directors from Wall Street.
Matthew Brown, who most recently was responsible for coverage of institutional clients at Susquehanna Financial Group; Kevin Debbs, who headed domestic sales for Deutsche Bank Securities; and Michael Glynn, former director of operations and compliance at Kellogg Partners; recently joined Union Gaming.
Brown and Debbs are based in Las Vegas while Glynn will establish a New York office.
Union Gaming was formed in 2009 by three former Deutsche Bank analysts and headquartered in Las Vegas. A year ago, the firm opened an office in Macau.
“This is an incredible moment in time for our firm” said Rich Moriarty, one of the Union Gaming’s founders. “The fact that our platform has attracted athletes of this caliber speaks to the global opportunity our young organization has going forward.”
Union Gaming Managing Director Bill Lerner said the firm “is now in a position to leverage its banking and institutional relationships into a destination for corporate buyback, reverse inquiry and blocks.”