Gaming Experience

Clairvest is recognized as a leader in the gaming sector having had ownership interests in 35 platforms over two decades.

  • 12 Mature Casinos
  • 10 Greenfield Projects
  • 10 Redevelopments
  • 1 Video Gaming Terminal (“VGT”) Operator
  • 2 Online Platforms

In every gaming investment, Clairvest is partnering with the local government in a highly regulated and controlled environment. The gaming industry provides significant gaming tax revenues that fund social imperatives including healthcare and education. Clairvest is acutely aware of problem gaming issues and works closely with its operating partners to put in place industry leading programs and procedures to protect consumers.

Our Track Record

If you have any growth opportunities in the gaming space, please contact Michael Wagman, Mohit Kansal, Michael Andrisani or Curtis Merry.

212%
EBITDA Growth
14.0x
Multiple of Capital

Centaur Gaming was the parent company of two racetrack-casinos ("racinos") - Hoosier Park and Indiana Grand. These two horse racing and gaming facilities were located in Indianapolis, Indiana and served the central Indiana market, which had roughly 2.3 million adults. Centaur became one of the most sought-after gaming assets in the U.S. and was ultimately sold to Caesars Entertainment.

65
HHR machines
23
table games

New Hampshire Gaming is comprised of two historical horse racing ("HHR") and charitable gaming facilities based in Nashua, New Hampshire. The plan is to consolidate the locations to an expanded operation with over 1000+ HHR machines.

>20%
EBITDA growth in first year of Clairvest investment
$10M+
investment on property upgrades

Delaware Park is a racino located in Wilmington, Delaware, serving the Delaware, Maryland, New Jersey, and Pennsylvania markets. The property offers traditional gaming positions (i.e. slot machines, tables games, poker tables), retail sports betting, iGaming, and live thoroughbred racing.

11
acquisitions to date
>14K
VGTs owned and operated

Accel Entertainment is the largest operator of VGTs based in Lemont, Illinois. Accel has expanded its presence into Georgia, Iowa, Nebraska, Montana, and Nevada. The company went public in November 2019 under the ticker NYSE:ACEL.

>40%
Revenue growth in 2021
2x
Technology spend to grow the product suite and business

FSB Technology offers full B2B sports betting and online gaming capabilities utilizing an industry leading technology.

>600%
Growth in active cash players since 2017
228%
Increase in net rake revenue since investing

Head Digital Works operates Ace2Three, a leading online skill based gaming platform in India providing distinctive online Rummy experiences to over 8 million customers.

>40%
market share of NJ online sports betting (by handle)
#1
Sports book in North America

New Meadowlands Racetrack is a world renowned standardbred horse racing track located in East Rutherford, New Jersey & one of the largest sports books in North America.

15
year licenses on casinos
4
gaming properties

Chilean Gaming Holdings consists of four casino properties located in Chile (Concepcion, Osorno, Calama, and Chillan)

28%
average market share based on slot coin in
84K
sq.ft. building with 965 slots and 65 gaming tables

In partnership with Sonco Gaming, Clairvest financed the development of the Grey Eagle Casino & Bingo, a charitable casino on Tsuu T’ina First Nation reserve lands, located southwest of the City of Calgary.

#1
Casino in the U.S. (by win/slot and win/table)
8.4x
Multiple of Capital

Rivers Casino was an entertainment complex with 1,200 gaming positions located in Des Plains, Illinois. Rivers Casino was the closest casino to Chicago, the third largest US gaming market behind Las Vegas and Atlantic City. In March 2019, Rivers Casino was sold to Churchill Downs.

1.9x
Multiple of Capital
54%
Internal Rate of Return

GTA Gaming owned four gaming operations located west of the Greater Toronto Area.

1.5x
Multiple of Capital
108%
EBITDA Growth

Casino New Brunswick was a casino, hotel, and multi-use entertainment and convention centre located in Moncton, New Brunswick. In October 2015, Casino New Brunswick was sold to Great Canadian Gaming.

9.1x
Multiple of Capital
2008
CVCA Deal of the Year

Gateway Casinos was a casino operator in Western Canada. The Company grew from four casinos in 2000 to nine establishments with over 3,600 slots in 2007 to become the largest casino operator in Western Canada.

217%
Internal Rate of Return
1.7x
Multiple of Capital

Thunderbird Resorts was a gaming holding company with assets in Latin America.

Our Areas of Interest

  • Land-based casino opportunities
  • Greenfield casino opportunities
  • Redevelopment projects
  • Route-based gaming operators
  • Suppliers to land-based casinos
  • Suppliers to online gaming (B2C and B2B)
  • Niche/specialty gaming firms
Partnering with Clairvest was a life changing decision. Despite taking over an asset in bankruptcy, Clairvest never acted in a way that made me feel like they did not have the best interest of Centaur in mind. They acted as true gentlemen in the full sense of the word. Their role in the incredible outcome for Centaur cannot be underestimated.
Rod Ratcliff
CEO of Centaur Gaming

Growth Story

Centaur Gaming building exterior

From Bankruptcy to the Most Sought Out Regional Gaming Asset in North America

Read about one of Clairvest's most successful investment in the local market gaming domain.