U.S.-based consultancy Gaming Market Advisors LLC announced today at Global Gaming Expo (G2E) Asia 2014 the acquisition of Galaviz & Co, based in Las Vegas.
The financial terms of the deal were not disclosed.
The acquisition positions Gaming Market Advisors “with a stronger foothold to support clients in Asia and to increase its consulting presence to associated tourism industries such as airlines and hospitality”, the company said in a press release.
Galaviz & Co has had a strong presence in Asia. In 2012, the company was appointed as lead strategic adviser for Russia’s state-owned Nash Dom Primorye, which is promoting a gambling and entertainment zone near the port city of Vladivostok.
Following the acquisition, Gaming Market Advisors is changing its name to Global Market Advisors LLC. The Gaming Market Advisors brand, focused exclusively on serving the global casino gaming industry, will become a wholly owned division of the new firm.
“A significant number of companies, governments and senior executives owe much of their success in Asia to Galaviz & Co,” Steve Gallaway, partner at Global Market Advisors, said in a statement.
“Jonathan Galaviz and his team has worked hard, in many cases behind-the-scenes, to create significant value in the bilateral flow of investment between the United States and Asia. This acquisition makes complete sense to us,” Mr Gallaway said.
The team at Galaviz & Co will be fully integrated into Global Market Advisors operations. Mr Galaviz will become a partner in the new firm.
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