Colliers Capital Markets substantial experience working on a number of international deals, was in the perfect position to advise Gateway Casino & Entertainment Limited on their landmark agreement for the sale and leaseback of three of their casinos to U.S. company Mesirow Financial.
Casting a wide net
Knowing the scope of the project, Capital Markets and the local Vancouver team partnered together to market the property to a large target audience that included buying pools located in Canada, the US, and overseas. Together, were able to make use of global networks to drive a lucrative deal.
For an entertainment company running casinos like Gateway, there are certain regulations that shape the way deals are made. With the right research, we were able to create unique, customized marketing materials that attracted the right attention to lead to a deal worth over $500 million.
The right growth strategy
Since 2015, Gateway has significantly expanded its footprint and portfolio going from 12 properties to 25 becoming Canada’s largest gaming and entertainment company. They plan to continue running the three casinos that were sold under the same leases, meaning there will be no change to operations or employees.