Gaming
Prior to the current economic downturn, many market participants believed the gaming industry was recession resistant, or that demand for gaming and entertainment would be sustained even during an economic downturn. That theory has been disproven. Many casino operators have been forced to file for bankruptcy due to flagging demand during the current economic downturn. Many casino operators are overleveraged and simply cannot support their capital structures as now constituted.
Members of Odyssey's team have extensive experience in the gaming industry, and consequently, Odyssey has the knowledge and skills necessary to quickly assess issues faced by gaming companies and guide them through the restructuring process. With a keen focus on value maximization, Odyssey's expertise benefits both creditor and equity constituencies.
One of Odyssey's principals has worked for a number of prominent gaming companies in national, regional, and Native American markets for over twelve years before joining Odyssey. A deep understanding of gaming operations sets Odyssey apart from other advisory firms in its capacity as a financial advisor.