The HVS Gaming Division provides valuation, market and financial feasibility studies and advisory services to the expanding global gaming industry. Our experience in the gaming arena spans the globe. HVS gaming has performed projects of various size and scope throughout the United States, Canada, the Caribbean, Europe, South America, Southeast Asia, Singapore, and Macau; our international experience continues to grow as gaming becomes more stablished around the world. Gaming assets that HVS has evaluated range from mixed-use Las-Vegas-style integrated resorts and full-service destination casinos to riverboat complexes, racinos, and card rooms.

HVS Gaming’s expertise in the gaming arena is employed to serve the needs of casino owners, operators, lenders, and investors; and attorneys, taxing jurisdictions and governmental agencies. HVS gaming experts have extensive experience in working with clients to identify their needs, define an appropriate scope of work and delivering thorough and well documented opinions and reports with a high level of credibility and insight.

HVS Gaming services include:
  • Appraisals of existing and proposed gaming facilities for a wide range of client needs:
    • Appraisals for ad valorem assessment, with isolation of value to the real and personal property taxable components
    • Mortgage loan appraisals with adherence to applicable lending appraisal regulations
    • Going-concern valuations encompassing real estate, personal property, and business value
    • Prop co/op co valuations for structuring loans and leases
  • Lost profits and value impact analysis Site and market evaluations to determine the potential for gaming development
  • Market studies, including gaming supply, demand, and revenue analyses
  • Purchase price allocations
  • Second-opinion reviews of studies performed by other firms
  • Casino expansion and/or renovation recommendations and analysis
  • Recommendation and feasibility analysis of ancillary facilities to enhance casino performance such as hotel, arena, conference space, food and beverage outlets, spa, retail, etc., including incremental gaming profit analysis
  • Due diligence services
  • Litigation support and expert testimony