Danielle Saba, senior reporter of Debtwire North America sat down with Jay Weinberger, managing director in Houlihan Lokey’s Financial Restructuring Group, for this week's podcast, Debtwired!
Jay is industry agnostic, but has done a great deal of work for gaming companies and their lenders. He admits there has not been much in the way of restructuring among casinos over the past five years, and he talks about the creative possibilities that could have taken shape if the large casinos had access to today’s technology to execute a creative drop down or deal away. He also delves into regional players, with some trying to selling assets or taking permanent residence and the pitfalls of not having owned properties. Jay shines a spotlight on a UK-based company with old asset and a shiny growing asset and how that could get transactional ideas flowing among lenders in the near term.
Tune in to hear about what's ahead for global gaming companies in the near future.