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About PDS Gaming

PDS Gaming Corporation (“PDS”) is an innovative finance and lease company that specializes in customized financing solutions including equipment leasing, project and corporate financing and manufacturing vendor financing programs for the gaming industry.  With a multitude of gaming licenses in the major U.S. and Native American jurisdictions, PDS is uniquely positioned and qualified to provide its creative financial products and services to gaming companies of all sizes. Since 1991 PDS has built customized financial arrangements with many of the world’s strongest institutional funds and banks in order to bring their financial strength to bear for PDS’ gaming industry clients.  This enables PDS to offer attractive rates, flexible terms and steady access to capital in many forms, including off and on-balance sheet leasing, vendor financing and traditional secured lending.

PDS has provided well over one billion dollars of financing to the gaming industry’s largest operators, premier equipment manufacturers and distributors, as well as industry entrepreneurs.  PDS has financed the expansion of the gaming industry in new jurisdictions, including the ever-growing Native American casino markets, lottery based, Class II and III markets alike, and cruise ship and cruise-to-nowhere operations.

PDS was founded in 1988 in Minneapolis, Minn. At that time, it was a fleet vehicle and equipment leasing company. The focus was purchasing vehicle lease portfolios, predominantly on the west coast, from banks. In addition, PDS provided equipment sale leaseback and forward lease credit facilities to insurance companies. These were the primary products until early 1991.

As part of its process, PDS would finance its portfolio purchases and insurance company transactions with investment banks in Minneapolis. The investment banks would syndicate PDS transactions with regional banks. In 1991, when the first compacts were signed between tribes in Minnesota and the state, the management companies for the tribes hired the same investment banks PDS was using to provide them financing.  The banks decided they needed outside consultants to help structure the transactions and they hired PDS.  PDS served as a consultant to the banks and at the same time determined that it would become a gaming licensee for purposes of working with the tribes and assisting the tribes with financing alternatives.  Given the success of PDS’s engagements with the tribes and banks, PDS made a strategic decision to focus solely on the gaming industry.  In order to access significant capital, PDS went public on NASDAQ in 1994.  At the same time PDS acquired essential gaming licenses in key jurisdictions nationwide.  Armed with access to capital and the licenses, PDS positioned itself as the nation’s largest independent leasing company to the gaming industry.  In 1997 PDS moved its general offices from Minneapolis to Las Vegas and opened a larger facility to manage its leased equipment (slot machines) along with its financial products.

PDS has operated in 20 countries worldwide, managed and sold over 50,000 gaming devices and successfully completed hundreds of finance transactions.  Many of the iconic casinos have been or are currently PDS clients, including Caesars Palace, MGM International, Mohegan Sun, Foxwoods and the Seminole Hard Rock Casinos.

OUR MANAGEMENT TEAM

FINANCIAL EXPERTISE IN THE GAMING INDUSTRY