Investment banker David Berman, now enshrined in the AGA Hall of Fame, emphasized his commitment to ethical practices throughout his career

David Berman: A Pioneering Force in the Gaming Industry

David Berman, a respected figure in the gaming industry, has made significant contributions to the sector's growth and development. His career, which spans over four decades, has been marked by numerous milestones and achievements.

Berman's journey began in Los Angeles as an investment banker, a time when the gaming industry was expanding beyond the traditional hubs of Las Vegas and Atlantic City. The industry was in a high growth period, with riverboat and tribal casinos expanding rapidly. This expansion was accompanied by a shift, as gaming companies started to gain access to Wall Street capital.

Berman has advised on over 100 M&A transactions with a combined value exceeding $125 billion. His work has been instrumental in shaping the landscape of the gaming industry, with several consolidation transactions of casino companies under his belt. Two of these transactions took place in Las Vegas.

One of Berman's most notable achievements is his role in the growth of the Las Vegas Strip and the entire gaming industry. Catlin, a industry peer, stated that without Berman's work arranging and providing capital, the industry would be a fraction of its current size.

Berman's team is selective about the transactions they take on, always looking out for their client's best interest. Every transaction Berman takes on receives his undivided attention. He has never sought to 'force' a transaction that was not in his client's best interest.

Berman's commitment is particularly evident when advising a private company, especially one built by a founder over many years. His work represents a class of people who frequently labor in the background, such as investment bankers.

In October, Berman will be inducted into the American Gaming Association's Hall of Fame. This honour transcends his individual accomplishments and validates the intermingling of the finance and gambling world. His induction is a testament to the importance of finance in the gaming industry and the role of individuals like Berman in shaping its growth.

As the gaming industry continues to digitize and adopt omnichannel approaches, Berman's influence and expertise will undoubtedly continue to shape its future. His induction into the Hall of Fame is a well-deserved recognition of a career spent serving the best interests of his clients and contributing to the growth of the gaming industry.

Investment banker David Berman, now enshrined in the AGA Hall of Fame, emphasized his commitment to ethical practices throughout his career