Over the weekend, ReviewJournal.com covered a story about Bill Lerner and Rich Moriarty and how they brainstormed the initial business plan for Union Gaming Group. They came up with the original idea five years ago in New York City over dinner to become an investment bank and securities company focused on the worldwide casino industry.
Their idea, however, grew into more than they initially envisioned.
Later this month, Union Gaming Group will host a three-day conference in Tokyo at the Conrad Hotel that covers Japan’s proposed expansion into legalized casino gambling territory.
Most industry sources believe the returns generated in Japan could be comparable to that of Macau, the world’s largest gambling market.
The conference will bring representatives from leading gambling companies and government officials together to educate them and open the lines of communication.
It’s the “thinking outside the box” mentality that helped form Union Gaming. Lerner said that the company grew faster than anticipated and to a “much greater magnitude.” Moriarty wanted to create something different, a global investment bank focused on one industry: “We wanted to be true to the sector, because we love the business.”
The company now has 20 employees between Macau and Las Vegas and is partitioned into multiple divisions that are focused on different aspects of the business.
Join the Conversation