Gaming
Key Contacts
Managing Director /Denver
Steven Cramer
Education
Mr. Cramer holds a MBA from Harvard Business School and BA with distinction from Stanford University.
Years of Experience
25Career Highlights
Prior to joining GLC, Mr. Cramer was a Managing Director in the Technology, Media and Telecom group at Houlihan Lokey, where he led the casino gaming practice. Previously, Mr. Cramer was a Managing Director at Imperial Capital where he covered the gaming, leisure and entertainment sectors. Mr. Cramer’ s prior experience includes investment banking roles at DLJ, Credit Suisse and Morgan Stanley.
Bio
Mr. Cramer brings more than 25 years of experience advising companies, founders, entrepreneurs and financial sponsors in the technology, media and entertainment, and hospitality sectors on a broad range of transactions including mergers, acquisitions, divestitures and debt and equity financings.
Mr. Cramer’s expertise includes media and entertainment content and distribution, casino gaming, convenience and route-based gaming, igaming and online sports betting, and gaming and hospitality software and services.
Senior Advisors /New York
Mack F. Rossoff
Education
Mr. Rossoff has successfully completed the following FINRA Administered Qualification Examinations: Series 7, 24, 63, and 79. He earned his BA from Princeton University and his MBA from Harvard Business School.
Years of Experience
37+Transactions Advised
150+Bio
Mack Rossoff is a Senior Advisor of GLC Advisors. Mr. Rossoff is an expert in Mergers and Acquisitions, Leveraged Finance, Restructuring and Private Equity. With over 41 years of investment banking experience, Mr. Rossoff has led over 150 transactions with a value in excess of $50 billion. Prior to joining GLC, Mr. Rossoff served as the Managing Director of Rossoff & Company LLC, a boutique investment bank he founded in 2009. Rossoff & Company specialized in Gaming, Industrial and Fin Tech assignments. Prior to founding Rossoff & Company, Mr. Rossoff was an M&A specialist at Banc of America Securities, LLC. Prior to that he served as head of M&A at Wit Soundview Group; Head of Global Media and Entertainment Investment Banking at JP Morgan; Head of Investment Banking at Schroder & Co. Inc.; Managing Director and Co-Head of Investment Banking at Dillon Read & Co.; and was an original partner and Co-Head of Investment Banking at Wasserstein Perella & Co. Mr. Rossoff began his investment banking career with The First Boston Corporation, where he focused on media and transportation assignments.
Managing Director /New York
Michael J. Sellinger
Education
Mr. Sellinger holds a BBA from the Stephen M. Ross School of Business at the University of Michigan, where he graduated with High Distinction.
Mr. Sellinger has successfully completed the following FINRA Qualification Examinations: Series 7, 24, 50, 63 and 79.
Career Highlights
Michael Sellinger joined GLC in 2009 and has worked on numerous in-court and out-of-court restructurings involving issuers from a range of industries. Mr. Sellinger’s recent experience includes representing creditors in the restructurings of Alpha Media, Guitar Center, iHeart Communications, McClatchy, Sandvine (n/ka/ AppLogic Networks), Tacora Resources and Toys ‘R’ Us.
Mr. Sellinger has worked on a variety of corporate gaming transactions at GLC including those involving Borgata, Boyd Gaming, Caesars, Delaware Park, Majestic Star, and Station Casinos. In addition, having worked on Foxwoods and numerous other Native American casino transactions, he has successfully led GLC’s effort to create the dominant restructuring practice in tribal gaming.
Mr. Sellinger was previously a Director in UBS’s Restructuring and Growth Capital Groups in San Francisco, where he focused on the restructuring of distressed securities as well as the new issuance of bank loans and high yield bonds.
Prior to joining UBS, Mr. Sellinger was an Associate in the Restructuring Group of Donaldson, Lufkin & Jenrette / Credit Suisse First Boston in San Francisco. He began his career as an Analyst in Investment Banking for DLJ in Los Angeles.
Bio
Mr. Sellinger currently serves on the Board of Directors of Alpha Media, a radio broadcasting company based in Portland, Oregon. He is also a Board Observer of Beasley Broadcast Group, a publicly traded multimedia company based in Naples, Florida, primarily known for owning and operating radio stations. Michael previously served as a Board Observer of Guitar Center at the request of certain creditors.
Education
Mr. Sellinger holds a BBA from the Stephen M. Ross School of Business at the University of Michigan, where he graduated with High Distinction.
Mr. Sellinger has successfully completed the following FINRA Qualification Examinations: Series 7, 24, 50, 63 and 79.
Education
Mr. Cramer holds a MBA from Harvard Business School and BA with distinction from Stanford University.
Years of Experience
25Career Highlights
Prior to joining GLC, Mr. Cramer was a Managing Director in the Technology, Media and Telecom group at Houlihan Lokey, where he led the casino gaming practice. Previously, Mr. Cramer was a Managing Director at Imperial Capital where he covered the gaming, leisure and entertainment sectors. Mr. Cramer’ s prior experience includes investment banking roles at DLJ, Credit Suisse and Morgan Stanley.
Bio
Mr. Cramer brings more than 25 years of experience advising companies, founders, entrepreneurs and financial sponsors in the technology, media and entertainment, and hospitality sectors on a broad range of transactions including mergers, acquisitions, divestitures and debt and equity financings.
Mr. Cramer’s expertise includes media and entertainment content and distribution, casino gaming, convenience and route-based gaming, igaming and online sports betting, and gaming and hospitality software and services.
Education
Mr. Sellinger holds a BBA from the Stephen M. Ross School of Business at the University of Michigan, where he graduated with High Distinction.
Mr. Sellinger has successfully completed the following FINRA Qualification Examinations: Series 7, 24, 50, 63 and 79.
Education
Mr. Rossoff has successfully completed the following FINRA Administered Qualification Examinations: Series 7, 24, 63, and 79. He earned his BA from Princeton University and his MBA from Harvard Business School.
Years of Experience
37+Transactions Advised
150+Bio
Mack Rossoff is a Senior Advisor of GLC Advisors. Mr. Rossoff is an expert in Mergers and Acquisitions, Leveraged Finance, Restructuring and Private Equity. With over 41 years of investment banking experience, Mr. Rossoff has led over 150 transactions with a value in excess of $50 billion. Prior to joining GLC, Mr. Rossoff served as the Managing Director of Rossoff & Company LLC, a boutique investment bank he founded in 2009. Rossoff & Company specialized in Gaming, Industrial and Fin Tech assignments. Prior to founding Rossoff & Company, Mr. Rossoff was an M&A specialist at Banc of America Securities, LLC. Prior to that he served as head of M&A at Wit Soundview Group; Head of Global Media and Entertainment Investment Banking at JP Morgan; Head of Investment Banking at Schroder & Co. Inc.; Managing Director and Co-Head of Investment Banking at Dillon Read & Co.; and was an original partner and Co-Head of Investment Banking at Wasserstein Perella & Co. Mr. Rossoff began his investment banking career with The First Boston Corporation, where he focused on media and transportation assignments.
Education
Mr. Sellinger holds a BBA from the Stephen M. Ross School of Business at the University of Michigan, where he graduated with High Distinction.
Mr. Sellinger has successfully completed the following FINRA Qualification Examinations: Series 7, 24, 50, 63 and 79.
Education
Mr. Sellinger holds a BBA from the Stephen M. Ross School of Business at the University of Michigan, where he graduated with High Distinction.
Mr. Sellinger has successfully completed the following FINRA Qualification Examinations: Series 7, 24, 50, 63 and 79.
Career Highlights
Michael Sellinger joined GLC in 2009 and has worked on numerous in-court and out-of-court restructurings involving issuers from a range of industries. Mr. Sellinger’s recent experience includes representing creditors in the restructurings of Alpha Media, Guitar Center, iHeart Communications, McClatchy, Sandvine (n/ka/ AppLogic Networks), Tacora Resources and Toys ‘R’ Us.
Mr. Sellinger has worked on a variety of corporate gaming transactions at GLC including those involving Borgata, Boyd Gaming, Caesars, Delaware Park, Majestic Star, and Station Casinos. In addition, having worked on Foxwoods and numerous other Native American casino transactions, he has successfully led GLC’s effort to create the dominant restructuring practice in tribal gaming.
Mr. Sellinger was previously a Director in UBS’s Restructuring and Growth Capital Groups in San Francisco, where he focused on the restructuring of distressed securities as well as the new issuance of bank loans and high yield bonds.
Prior to joining UBS, Mr. Sellinger was an Associate in the Restructuring Group of Donaldson, Lufkin & Jenrette / Credit Suisse First Boston in San Francisco. He began his career as an Analyst in Investment Banking for DLJ in Los Angeles.
Bio
Mr. Sellinger currently serves on the Board of Directors of Alpha Media, a radio broadcasting company based in Portland, Oregon. He is also a Board Observer of Beasley Broadcast Group, a publicly traded multimedia company based in Naples, Florida, primarily known for owning and operating radio stations. Michael previously served as a Board Observer of Guitar Center at the request of certain creditors.
Service Overview
GLC is unparalleled in its breadth and depth of experience in the gaming space. GLC advises founders, companies, and financial investors on a broad range of transactions including debt and equity financings, M&A, and restructurings. GLC professionals have deep industry expertise and recent transaction experience across all aspects of gaming and related verticals in both the physical and digital gaming world.
Gaming is core to our DNA. Tom Benninger, GLC’s founder and Chairman, is a licensed gaming operator in multiple jurisdictions and has served on numerous corporate boards, including Caesars Entertainment, Tropicana Entertainment, and Affinity Gaming. Other GLC professionals have also held gaming licenses.
Gaming
Industry Sectors
- Commercial Casinos and Casino Resorts
- Native American / Tribal Gaming
- Convenience and Route-based Gaming
- B2B and B2C Online Sports Betting and iGaming
- Gaming Equipment and Content
- Gaming Software, Data and Applications
- Financial Technology and Payment Applications
Recent Transactions
$50 million Main Street Loan and Amendment to Credit Agreement
Acquired by
has received a strategic investment from
Divesture of Various Assets
Advisor to Ad Hoc Bondholder Committee on $168 million Restructuring
$43 million Sale of Common Stock to Maverick Gaming
$310 million Term Loan Financing
$160 million Sr. Sec. Notes Financing
has been acquired by
Advisor to Boyd Gaming on distressed acquisition of casino assets
Advisor to Subsidiary- Guaranteed Noteholders on $18 billion Chapter 11 restructure
Divesture of Various Assets
has been acquired by
Advisor to the Ad Hoc Bondholder Committee on $2.0 billion restructuring
$93 million Sale Leaseback
$185 million Term Loan Financing
Advisor to Detroit Retirement Systems
acquired by
Fairness opinion in connection with William Hill's acquisition of American Wagering, Inc.
Sr. Sec. Term Loan and Revolving Credit Facility
has been acquired by
Our firm is built on providing a strong culture of collegial teamwork, designed to directly benefit our clients. Our professionals bring vast advisory experience from leading Wall Street firms. Our team has an unparalleled track record of providing exceptional results for our clients.
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