Morgan Stanley places bet on sale of high street gaming chain

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Morgan Stanley places bet on sale of high street gaming chain
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A fund managed by the Wall Street bank has hired Global Leisure Partners to run an auction of the UK’s biggest independent chain of slot machine clubs, Sky News learns

The Wall Street giant Morgan Stanley is to offload Britain’s biggest independent operator of high street slot machine venues.

GameNation, which trades from 50 sites across the UK, was established by an experienced industry management tam with backing from North Haven Tactical Value Fund, a Morgan Stanley-managed entity. GameNation operates in the low-stakes segment of the regulated entertainment industry, with £2 maximum stakes and top jackpots of £500.

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