Walker Digital Table Systems LLC (WDTS), a global provider of smart casino table games solutions, has announced a US$35 million strategic investment by Beach Point Capital Management – a multi-billion dollar investment manager with a sizable portfolio in the casino gaming industry.
WDTS is the developer of popular RFID table games platform Perfect Pay Baccarat, widely used across Asia and recently installed at Resorts World Las Vegas.
The US$35 million investment by Beach Point has seen four new members added to the WDTS Board of Directors, including former Melco Resorts and Las Vegas Sands executive Garry Saunders as Deputy Chairman. Also joining are Beach Point’s Portfolio Manager Brian Himot, Kentucky Downs owner and Managing Partner Marc Falcone and former head of business and corporate development for Global Gaming Asset Management, Jon Rein.
“Beach Point Capital is the ideal partner as WDTS moves into this next phase of global growth,” said WDTS Chairman, Jay Walker.
“They were attracted to our company because of our unique success at both tracking and perfectly paying more than half a trillion dollars of baccarat wagers in Asia.
“We expect the company will benefit from Beach Point’s deep industry expertise as well as their recognition of WDTS’ role as a key provider of the emerging digital infrastructure driving growth in gaming.”