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The Axle for Union Gaming’s Growth

The company’s hub-and-spoke system gives Hong Kong a central role.

Formed in 2009 by experienced gaming industry players and professionals with strong investment banking backgrounds, Union Gaming has expanded its investment banking and securities business into Hong Kong. “Hong Kong is the final piece of the puzzle to service our clients as efficiently and as globally as possible,” Richard Moriarty, Managing Director of Union Gaming Securities Asia Ltd, said.

The Axle for Union Gaming’s Growth

Union Gaming services a niche market: It is a securities firm and boutique investment bank focusing exclusively on the global casino and integrated resort industry. “We specialise in areas relating to equity research, securities trading and investment banking services for a broad range of clients, including casino operators, local real estate partners, governments, global money managers and capital partners,” Moriarty said.

Union Gaming is excited to move into Hong Kong, and finds the local business environment favourable to expanding and fostering its business. “For us, not being in Hong Kong was too big a price to pay, especially given the city’s deep talent pool, and its proximity both to Macau and other key Asian business cities. Over the past year, we are very pleased with our evolution and growth,” he said.

As of March 2015, Union Gaming has successfully obtained Type 1 and Type 4 licenses from the Securities and Futures Commission. As a licensed corporation, its Hong Kong office offers securities dealing and advising on securities for professional investors and gaming companies. “Since we put our boots on the ground here in Hong Kong, we were introduced to Invest Hong Kong through their San Francisco office. They made our transition, coming from 7,000 miles away, as seamless as it could be.

“Hong Kong’s strategic location at the heart of the Asia Pacific region plays a very important role in our business. The placement is excellent — travelling from Hong Kong for two-to-three hours in any direction brings you to most of the important business centres in this part of the world. Southeast Asia is a big engine of growth, including key drivers like Vietnam, Cambodia and, of course, Mainland China, and our people spend a lot of time travelling there from Hong Kong, ” Moriarty said.

Union Gaming plans to increase office headcount as the business grows, adopting a hub-and-spoke system to link corporate professionals with business centres and clients’ locations. “We’ve got our corporate finance professionals here in Hong Kong, and our industry professionals based in Macau. It’s a great system to work with, especially when it takes us just an hour to get to the neighbouring city,” he said.

Tuesday, September 8, 2015

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Fast Facts

  • The parent company was founded in 2009 and is headquartered in Las Vegas
  • Focuses on the global casino and integrated resort industry
  • Specialises in equity research, securities dealing and investment banking

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