Real Estate, Gaming & Leisure

Advisory and capital-raising services for companies and financial sponsors

Real Estate, Gaming & Leisure Group

Serving clients in real estate, gaming, lodging, and leisure.

Stifel provides a range of advisory and capital raising services to companies across numerous sectors, including gaming, lodging, leisure, Real Estate Investment Trusts (REITs), Real Estate Operating Companies (REOCs), and U.K. Investment Funds with extensive experience in public underwriting of common stock, preferred stock, convertible securities, hybrid securities, and debt securities. The Group also performs financial advisory services, offering valuation, negotiation and execution expertise on mergers & acquisitions as well as providing fairness opinions and corporate structuring advice.

A leading partner in the gaming and real estate industries.

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Areas of Expertise

Gaming & Leisure

The Gaming, Lodging & Leisure Investment Banking Group provides a range of advisory and capital-raising services to leading public and private companies and institutional investors across numerous sectors. The Group offers its domestic and international clients advice and execution on mergers & acquisitions, capital raising (public and private equity, leveraged loans, high-yield debt, mezzanine financing), restructurings, and other financial advisory services, including fairness opinions. Areas of expertise include:

Online Gaming Operators and Technology Providers
Sports Betting Operators and Technology Providers
Brick-and-Mortar Casino Operators
Gaming and Entertainment REITs
Slot and Floor Equipment Manufacturers
Digital and Traditional Lottery Companies
Native American Gaming
Hotels, Resorts, and other Lodging Companies
Cruise Lines, Sports Clubs, Ski Resorts, Amusement Parks, and other Leisure Companies

Investment Funds

Stifel’s U.K. Investment Funds team implement long-term equity-issuance growth strategies and secondary market promotional activities. Stifel is a leading corporate finance adviser to more than 20 retained investment funds clients with an average market cap of over £500 million, with a leading track record for primary fundraising, through IPOs, follow-on raises, and regular issuance.

Our Investment Fund trading desk and accompanying leading automated retail electronic trading desk have extensive relationships across institutional investors, private wealth managers, and execution-only platforms.

Real Estate

The Real Estate Investment Banking Group provides advisory and capital-raising services to Real Estate Investment Trusts (REITs) and Real Estate Operating Companies (REOCs). Our professionals have extensive experience in public underwriting of common stock, preferred stock, convertible securities, hybrid securities, and debt securities. Additionally, the Group engages in private financing activities, including initiating, structuring, and negotiating joint ventures, entity-level private placements, and Rule 144A private placements. The Group also performs financial advisory services, offering valuation, negotiation and execution expertise on mergers & acquisitions as well as providing fairness opinions and corporate structuring advice to management teams and Boards of Directors.

Notable Transactions

$500,000,000

Sole Financial Advisor and Sole Placement Agent

Private Placement

Real Estate

Aug 2025

£287,800,000

Financial Advisor & Exclusive Debt Financing Agent

Senior Secured Notes & Revolving Credit Facility

Gaming & Leisure

Jun 2025

€1,320,000,000

Joint Bookrunner/Joint Lead Financial Advisor

Refinancing

Gaming & Leisure

Feb 2025

$94,500,000

Joint Bookrunner

Follow-on Offering

Real Estate

Sep 2024

$1,200,000,000

Advisor to Seller

Mergers & Acquisitions

Gaming & Leisure

Apr 2024

$300,000,000

Advisor to Selina Hospitality PLC

Out-of-Court Restructuring and Convertible Notes

Real Estate

Jan 2024

$172,800,000

Joint Bookrunner

Follow-on Offering

Real Estate

Jan 2024

£100,000,000

Sole Financial Advisor Sole Placement Agent

Private Placement Joint Venture

Real Estate

Oct 2023

Advisor to Seller

Mergers & Acquisitions

Gaming & Leisure

Jul 2023

$300,000,000

Financial Advisor & Sole Placement Agent

Recapitalization & Private Placement

Real Estate

Jun 2023

$45,209,375

Joint Bookrunner

Follow-on Offering

Gaming & Leisure

Jun 2023

$189,400,000

Joint Bookrunner

Follow-on Offering

Real Estate

Feb 2023

$918,800,000

Advisor to Seller

Mergers & Acquisitions

Real Estate, Paper & Forest Products

Sep 2022

$181,800,000

Joint Bookrunner

Follow-on Offering

Real Estate

Aug 2022

$480,000,000

Exclusive Financial Advisor

Tender Offer

Gaming & Leisure

Jun 2022

£300,000,000

Sole Sponsor, Financial Adviser, Global Coordinator, Bookrunner

Follow-on Offering

Real Estate

Apr 2022

$390,320,000

Joint Bookrunner

Follow-on Offering

Real Estate

Jan 2022

$200,300,000

Joint Bookrunner

Follow-on Offering

Real Estate

Jan 2022

$72,250,000

Joint Bookrunner

Follow-on Offering

Real Estate

Nov 2021

$350,000,000

Exclusive Financial Advisor & Capital Markets Advisor

Mergers & Acquisitions

Gaming & Leisure

Nov 2021

£200,000,000

Sole Bookrunner and Financial Adviser

Follow-on Offering

Real Estate

Oct 2021

$400,000,000

Joint Bookrunner

Senior Notes

Real Estate

Oct 2021

€500,000,000

Joint Bookrunner

Senior Notes

Real Estate

Sep 2021

$800,000,000

Joint Bookrunner

Senior Notes

Real Estate

Sep 2021

£125,000,000

Joint Bookrunner and Financial Adviser

Follow-on Offering

Real Estate

Sep 2021

$42,000,000

Joint Bookrunner

Initial Public Offering

Gaming & Leisure

Jul 2021

Advisor to 888 Holdings

Mergers & Acquisitions

Gaming & Leisure

Jun 2021

$100,000,000

Left Bookrunner

Preferred Stock

Real Estate

Jun 2021

$400,000,000

Joint Bookrunner

Senior Notes

Gaming & Leisure

Jun 2021

£300,000,000

Joint Bookrunner

Senior Sustainable Notes

Real Estate

Jun 2021

$49,840,000

Joint Bookrunner

Follow-on Offering

Real Estate

Jun 2021

C$175,000,000

Joint Bookrunner

Follow-on Offering

Real Estate

May 2021

Joint Bookrunner

Follow-on Offering

Real Estate

Apr 2021

$177,023,991

Joint Bookrunner

Follow-on Offering

Real Estate

Apr 2021

$99,750,000

Joint Bookrunner

Follow-on Offering

Real Estate

Mar 2021

$700,000,000

Joint Bookrunner

Senior Notes

Real Estate

Mar 2021

$599,050,000

Joint Bookrunner

Follow-on Offering

Real Estate

Jan 2021

$641,600,000

Joint Bookrunner

Follow-on Offering

Real Estate

Jan 2021

$500,000,000

Joint Lead Manager

Senior Notes

Real Estate

Dec 2020

$1,300,000,000

Joint Bookrunner

Senior Notes

Real Estate

Dec 2020

$210,000,000

Sole Placement Agent

Private Placement

Real Estate

Dec 2020

$93,987,050

Left Bookrunner

Initial Public Offering

Gaming & Leisure

Nov 2020

$333,500,000

Joint Bookrunner

Follow-on Offering

Gaming & Leisure

Nov 2020

$55,000,000

Joint Bookrunner

Follow-on Offering

Real Estate

Oct 2020

$700,000,000

Joint Bookrunner

Senior Notes

Real Estate

Oct 2020

€200,000,000

Sole Bookrunner

Follow-on Offering

Real Estate

Oct 2020

$192,300,000

Joint Bookrunner

Follow-on Offering

Real Estate

Sep 2020

$982,100,000

Co-Manager

Follow-on Offering

Gaming & Leisure

Sep 2020

$1,736,000,000

Co-Manager

Follow-on Offering

Gaming & Leisure

Sep 2020

$225,000,000

Joint Bookrunner

Initial Public Offering

Real Estate

Aug 2020

$18,100,000

Financial Advisor

Mergers & Acquisitions

Real Estate

Jul 2020

$45,500,000

Joint Bookrunner

Initial Public Offering

Real Estate

Jul 2020

$702,000,000

Co-Manager

Follow-on Offering

Gaming & Leisure

Jun 2020

$575,900,000

Co-Manager

Follow-on Offering

Gaming & Leisure

Jun 2020

$675,495,000

Co-Manager

Follow-on Offering

Gaming & Leisure

May 2020

$4,197,042,009

Advisor to Seller

Mergers & Acquisitions

Gaming & Leisure

Apr 2020

€185,000,000

Joint Bookrunner

Follow-on Offering

Investment Funds

Apr 2020

€139,800,000

Sole Bookrunner

Follow-on Offering

Investment Funds

Apr 2020

$137,700,000

Joint Bookrunner

Follow-on Offering

Real Estate

Feb 2020

$696,600,000

Joint Bookrunner

Follow-on Offering

Real Estate

Feb 2020

$2,500,000,000

Co-Manager

Senior Notes

Gaming & Leisure

Jan 2020

€76,939,644

Sole Bookrunner

Follow-on Offering

Investment Funds

Dec 2019

€65,324,044

Sole Bookrunner

Follow-on Offering

Investment Funds

Oct 2019

€80,000,000

Sole Bookrunner

Follow-on Offering

Investment Funds

Sep 2019

€138,750,000

Sole Bookrunner

Follow-on Offering

Investment Funds

Sep 2019

$42,500,000

Sole Bookrunner

Initial Public Offering

Investment Funds

Feb 2018

Currency volume represents full credit to each underwriter. All transaction announcements appear as a matter of record only. Stifel collectively refers to Stifel, Nicolaus & Company, Incorporated and other affiliated broker-dealer subsidiaries of Stifel Financial Corp.