Stephen Downer

PAR Capital Management, Inc. (PCM) is a registered investment advisor and hedge fund manager headquartered in Boston, Massachusetts and was founded in 1990. PCM serves as the investment advisor to PAR Investment Partners LP. Investors in the partnership include high net-worth individuals, family offices, trust programs, endowments and foundations, and private investment funds, including fund-of-funds.

CryptoLogic, Inc. develops and licenses online casino and gambling software. It provides e-Cash management, marketing support, and 24/7 customer care services. The company was founded in 1995 and is headquartered in Toronto, Canada

WG Ltd. operates as an online gaming platform. It is an online service that facilitates tournaments, leagues and ladders for all platforms and acts as a social gaming community for gamers to interact with one another and with brands targeting the gamer demographic. The firm’s proprietary platform connects to live game data directly from the servers of game publisher partners to provide real-time results and feedback to members. The company is headquartered in Toronto, Canada.

Marathon Asset Management LP (Marathon) is a SEC-registered investment advisor and hedge fund manager headquartered in New York City. It was founded by Bruce Richards and Louis Hanover in 1998. The firm provides investment advisory services to private investment funds and institutional managed accounts that are offered to high net worth financially sophisticated individual and institutional investors. Marathon is a signatory of the Principles for Responsible Investment (PRI) guidelines which allows them to further align their investment strategies with the client?s values.

Stingray Digital International Ltd. is a multi-platform music service provider. It delivers music and video content on a number of platforms including Digital TV, IPTV, the Internet, mobile devices and game consoles. The company was founded in 1993 and is headquartered in London, the United Kingdom.

Condor Properties Ltd. operates as a privately owned real estate development company. It specializes in the planning and construction of design/build projects and commercial property leasing. The firm also offers consultation, planning, and construction management. The company was founded by Angelo de Gasperis in 2005 and is headquartered in Concord, Canada.

Part of Flutter Entertainment Plc, TV Games Network operates a horseracing TV network and a website providing horseracing betting information. The company is based in Beaverton, OR. TV Games Network was acquired by Betfair Group Ltd., a subsidiary of Flutter Entertainment Plc from Rovi Corp. on January 27, 2009 for $50 million.

Cashcade Ltd. owns and operates online gambling websites. It owns a portfolio of online bingo and casino brands, including FoxyBingo, Think Bingo, Foxy Casino and Cheeky Bingo. The company was founded by Simon Collins and Patrick Southon in 2001 and is headquartered in London, UK.

Part of Allied Gaming & Entertainment, Inc., Peerless Media Ltd. engages in television production, brand licensing, tour management and online gambling services. Peerless Media was acquired by Noble Link Global Ltd. from bwin.party digital entertainment Plc on June 30, 2015 for $35 million.

AGS LLC provides gaming products and systems for the gaming industry. It is a full-service designer and manufacturer of gaming products for the casino floor. Its products include table games, slots, cabinets, and interactive. The company was founded in 2000 and is headquartered in Las Vegas, NV.

Founded in 2008, Hedgeye Risk Management LLC is an independent investment research firm located in new Haven, Connecticut. The firm caters to individual and institutional investors. They employ bottom-up research that focuses on the strategy, macro, gaming, lodging, leisure, restaurants, food, beverage, retail, healthcare, financials and energy sectors. Hedgeye provides fundamental and industry specific research. The firm offers customized research, macro morning calls, company or industry specific real time intraday updates, conference calls, corporate access, field trips and virtual portfolio to its clients. They also offer quantitative and macro analysis. Hedgeye also offers media and risk management services. The firm caters to individual and institutional investors.

Dawnglen Finance Ltd. provides consulting services. The private company is based in London, UK and was founded in 1975.

Cornerstone Analytics Ltd. provides analytics solution in the market. It offers data to film (DTF), predictive analytics, procurement, library of IP, Al/VR/360 licensing, advanced social media analytics, product design, motion picture patents, sandbox development, and risk management. The company was founded on March 09, 2010 and is headquartered in Alton, the United Kingdom.

Blastworks Ltd. is a British company that develops entertainment software and leases intellectual property. The private company was founded in 2010.

Ayima Ltd. provides marketing and advertising services. Its services include SEO, search engine optimization, search marketing, SEM, paid search, content marketing, web development, web design, search engine marketing and PPC. The company was founded in 2007 and is headquartered in London, the United Kingdom.

Part of Ayima Group AB, Ayima Holdings Ltd. is a British company that provides digital marketing services. The company is based in London, UK and was founded in 2016.

Quickthink Digital Ltd. is engaged in providing marketing services. The company was founded on July 2, 2012 and is headquartered in London, the United Kingdom.

AlchemyBet Ltd. develops online gambling games. The company is headquartered in London, the United Kingdom.

QuickThink Media Ltd. operates an online gaming marketing agency. The company was founded by Tom Gooding, Simon Smiley and David Hampstead and is headquartered in London, the United Kingdom.

Part of Boyd Gaming Corp., Pala Interactive LLC is a company that provides an online gaming platform with a player account management system, online casino and poker products, and an integrated sports platform. Pala Interactive is based in Pala, CA and is currently licensed to provide its online gaming platform in six states and plans to expand to other locations in the coming months, including Ontario, Canada. Pala Interactive was acquired by Boyd Interactive Gaming, Inc. on November 01, 2022 for $170 million. The company also offers managed services such as customer support, payment, fraud and compliance management, and marketing consulting. The company was founded in 2013 by Reeve Collins.