About Us
GGHM is a leading global gaming industry advisory, analytics and investment firm dedicated to providing its clients with trusted, highly-focused and comprehensive services that help them achieve their strategic objectives.
We specialize in leveraging data-driven analytics and real-world experience to guide our clients through operational challenges, strategic opportunities and multi-faceted financial transactions.
We have extensive global gaming experience, far-reaching relationships and proven success executing complex mandates and transactions across all gaming industry verticals.
Our core business lines are complimentary, enabling beginning-to-end service for each project regardless of its unique operational, financial or transactional goals.
Our proprietary predictive modeling process is best-in-class, resulting in highly accurate, reliable data that helps drive smarter, more successful decisions.
Our far-reaching capital markets experience enables us to provide our strategic and M&A advisory clients with direct access to a wide range of institutional investment options.
As an independent, wholly-owned firm, we are nimble and responsive, providing our clients with attentive, continuous support and objective, high-quality service.
Our Leadership
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Richard L. Baldwin, MBA, CPA is an accomplished senior financial executive with more than 25 years’ experience working for and with a diverse number of global and domestic companies entering, accessing or operating in public capital markets and reporting to, working with and advising the boards of directors for numerous publicly traded and private companies. Rich has significant capital markets and M&A experience having led and participated in transactions ranging from $10 million to $1.5 billion and having served as a Board of Director for multiple gaming companies. He is a trusted advisor within the global gaming and hospitality industry.
As a Managing Partner for GGHM, Baldwin works closely with GGHM’s other managing partners to support the company’s diverse client base that includes public and private companies, governments, Native American tribes, regulatory agencies and investment funds with respective annual revenues ranging from several million to over a billion dollars individually. Rich frequently works side-by-side with client owners, Boards and senior management teams to assist in the evaluation and development of growth and other strategic initiatives, M&A opportunities, capital allocation, operational/strategic planning and execution of private debt and equity transactions.
Areas of expertise:
Investment Banking
Equity & Credit Financing
Mergers & Acquisitions
Investor / Board of Director Relations
Strategic Planning & Analysis
Startups & Turnarounds
Financial Reporting
International Banking & Business
Distressed Assets
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Michael S. Kim is a founder and Co-Managing Partner of GGHM. He is also Chairman and CEO of Legend Rock Capital, a private investment firm that makes select investments across the global gaming, hospitality and real estate sectors and whose affiliated entities previously acquired, owned and operated the Sparks Nugget, a 1,382 room/1,100+ employee integrated casino resort in Northern Nevada which generated $80mm+ of gross revenues. He has broad operational, banking and capital markets transaction experience and proven expertise in real estate, gaming and hospitality matters.
Prior to founding GGHM, Michael was Managing Director, Corporate Finance - Real Estate, Gaming, Lodging and Leisure SG Corporate & Investment Banking (“SG CIB”) in New York, the US securities division of Société Générale where he oversaw SG CIB’s activities worldwide across these industries. While at SG CIB, he was actively involved in the origination, structuring and execution of corporate banking and capital markets transactions raising $40+ billion and executing numerous domestic and cross-border strategic and M&A advisory assignments (both private and public, buy-side and sell-side), LBOs and re-capitalizations for real estate, gaming, lodging and leisure clients totaling $20+ billion. Prior to joining SG CIB, Michael was an investment banker with Salomon Brothers covering the real estate and financial institutions group (FIG) sectors and also worked for JP Morgan.
Areas of expertise:
Investment Banking
Capital Markets Transactions
Mergers & Acquisitions
Strategic Planning & Analysis
Startups & Turnarounds
International Banking & Business
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For over thirty-five years, Cory H. Morowitz, MBA, has advised gaming, hospitality and other business clients on market entry and expansion, strategy, operations improvement, and finance. A recognized expert in a wide range of business finance, operations and management areas, he has authored numerous articles, studies and white papers and has authored and taught multiple continuing education and master’s level collegiate courses focused on the gaming and hospitality industries. Morowitz lectures frequently on business valuation and growth, has testified numerous times on valuation and business litigation and formerly published the Morowitz Gaming Quarterly, a well respected publication focused on key metrics and issues within the industry.
As a Managing Partner for GGHM, Cory works closely with GGHM’s other principals to provide financial and strategic consulting services to its clients. His extensive experience includes conducting feasibility and market impact studies for new casinos in almost every US market, completing buy-side due diligence for multiple notable casino acquisitions, providing strategic and operational guidance for casinos, governments and investors, and overseeing an extensive amount of expert research and analytics for commercial and tribal gaming operators, regulators and governments as well as investment entities.
Areas of expertise:
Feasibility & Market Impact Studies
Master Planning
Strategic Planning & Analysis
Valuation & Stock Buy-back Analyses
Financial Analysis
Customer Service Optimization
Operation and Investment Optimization
Budgeting & Internal Controls
Our company is led by three managing partners with deep global gaming and hospitality industry experience that includes past licenses in major gaming jurisdictions including Nevada and New Jersey. Their combined expertise provides our clients with a full suite of in-house analytics, advisory, investment and capital market services based on extensive “real world” experience conducting similar activities for a diverse range of private and public companies, governments and investment entities.
GGHM is a consortium of individual limited liability companies that provide the suite of services represented on this website and in its related documents and / or supplemental materials.
These individual entities, Morowitz Gaming Advisors LLC, Global Gaming & Hospitality Capital Advisors LLC and RVNC Advisors LLC maintain separate and individual company registrations in good standing.
For additional information, contact GGHM at info@gghsp.com.