Monday, January 30, 2023 - Login

Clairvest has US$671 million ready for investment

The Clairvest Group of Canada, now seeking an IR license in a Japanese regional market, has C$882.8 million (US$671 million) of capital available for future acquisitions through treasury funds, credit facilities, and other resources.

Net income for 2018Q3 totaled C$13.4 million (about US$10.2 million), the group said in its Q3 financial report.

Clairvest has made two big moves in recent months, both of which involved selling off their positions. First was the sale of their interest in Centaur Gaming in July 2018; and earlier this month their exit from the Rivers Casino in Des Plaines, Illinois.

Ken Rotman, CEO of Clairvest, commented, “With these two exits, Clairvest’s realized and substantially realized track record has reached an impressive return profile of 3.6x times invested capital. This is a testament to the power of our domain focused strategy, our knowledge-based approach to investing, and the expertise of our operating partners and our team.”

Asia Gaming Brief is a news and intelligence service providing up to date market information for worldwide executives on relevant gaming issues in Asia.

Contact us

PO Box 1139, Macau SAR
Tel: +853 2871 7267
Fax: +853 2871 7264

Asia Gaming Brief