Innovation Capital/Deal History

Deal History

120+ total transactions representing $13 billion+ in aggregate value — 10 tracked below spanning 2020–2025 · 2 industries

120+
Total Transactions
2
Industries
2020–2025
Years Active
Media & Entertainment2
PlayUp Limited SPAC Merger2022
Acquired by PE: IG Acquisition Corp.

Advised PlayUp Limited on business combination with IG Acquisition Corp (NASDAQ: IGAC), valuing the global online betting operator at $350 million for public market listing via Irish holding company. Landmark iGaming SPAC transaction.

$350MSell SideSell Side Advisor
PCI Gaming / Wind Creek acquisition of FlowPlay Inc.2021
Strategic acquirer: PCI Gaming d/b/a Wind Creek Hospitality

Advised on acquisition of Seattle-based FlowPlay (creator of Vegas World, Casino World, and social gaming platforms) by Wind Creek Hospitality. FlowPlay served casual gamers with free-to-play and real-money gaming integrated with Zoom.

Sell SideSell Side Advisor
Retail & E-Commerce8
Elite Casino Resorts acquisition of Great River Entertainment2025
Strategic acquirer: Elite Casino Resorts, LLC

Advised Elite Casino Resorts on acquisition of Catfish Bend Casino and FunCity Resort in Burlington, Iowa from Great River Entertainment. Strategic homecoming for the Kehl family.

Sell SideSell Side Advisor
Tioga Downs Casino REIT securitization2024
Strategic acquirer: Gaming & Leisure Properties Inc. (NASDAQ: GLPI)

Advised American Racing on sale of Tioga Downs Casino Resort real estate to Gaming & Leisure Properties for $175 million with simultaneous 30-year triple-net master lease. Complex REIT securitization structure.

$175MSell SideSell Side Advisor
SC Gaming / Saratoga Casino Holdings - Happy Valley Casino Framework Agreement2024
Strategic acquirer: Saratoga Casino Holdings

Advised SC Gaming and Saratoga Casino Holdings on framework agreement for Happy Valley Casino, a Category 4 gaming facility in State College, Pennsylvania, with complex tribal/state/private equity structure.

Sell SideSell Side Advisor
PCI Gaming / Magic City Casino acquisition2023
Strategic acquirer: PCI Gaming (Wind Creek Hospitality subsidiary)

Advised PCI Gaming on acquisition of Miami-based Magic City Casino following Florida Gaming Control Commission approval for asset and license transfer.

Sell SideSell Side Advisor
Rocky Mountain Gaming - Johnny Nolan's & Colorado Grande acquisitions2023
Strategic acquirer: Rocky Mountain Gaming CC, LLC

Advised Rocky Mountain Gaming CC on definitive agreements to acquire operating assets of Johnny Nolan's Casino and Colorado Grande Casino in Cripple Creek, Colorado.

Sell SideSell Side Advisor
Bally's Chicago entertainment resort development2021
Strategic acquirer: City of Chicago

Advised Bally's Corporation on $1.6 billion Bally's Chicago resort development and gaming license acquisition from City of Chicago for flagship entertainment destination.

$1.6BBuy SideBuy Side Advisor
Bally's - Ira Lubert Category 4 Casino development2021
Strategic acquirer: Bally's Corporation

Advised Bally's Corporation on framework agreement with Ira Lubert for Category 4 casino development in Center County, Pennsylvania. Anticipated to house 750 slot machines and 30 table games.

Buy SideBuy Side Advisor
Caesars Entertainment - Southern Indiana operations sale2020
Strategic acquirer: Eastern Band of Cherokee Indians (EBCI)

Advised Caesars Entertainment on sale of Caesars Southern Indiana operations to Eastern Band of Cherokee Indians for $250 million with VICI Properties triple-net lease restructuring.

$250MSell SideSell Side Advisor