Richard L. Baldwin, MBA, CPA is an accomplished senior financial executive with more than 25 years’ experience working for and with a diverse number of global and domestic companies entering, accessing or operating in public capital markets and reporting to, working with and advising the boards of directors for numerous publicly traded and private companies. Rich has significant capital markets and M&A experience having led and participated in transactions ranging from $10 million to $1.5 billion and having served as a Board of Director for multiple gaming companies. He is a trusted advisor within the global gaming and hospitality industry.

As a Managing Partner for GGHM, Baldwin works closely with GGHM’s other managing partners to support the company’s diverse client base that includes public and private companies, governments, Native American tribes, regulatory agencies and investment funds with respective annual revenues ranging from several million to over a billion dollars individually. Rich frequently works side-by-side with client owners, Boards and senior management teams to assist in the evaluation and development of growth and other strategic initiatives, M&A opportunities, capital allocation, operational/strategic planning and execution of private debt and equity transactions. 

Areas of expertise:

• Investment Banking

• Equity & Credit Financing

• Mergers & Acquisitions

• Investor / Board of Director Relations

• Strategic Planning & Analysis

• Startups & Turnarounds

• Financial Reporting

• International Banking & Business

• Distressed Assets

Michael S. Kim is a founder and Co-Managing Partner of GGHM. He is also Chairman and CEO of Legend Rock Capital, a private investment firm that makes select investments across the global gaming, hospitality and real estate sectors and whose affiliated entities previously acquired, owned and operated the Sparks Nugget, a 1,382 room/1,100+ employee integrated casino resort in Northern Nevada which generated $80mm+ of gross revenues. He has broad operational, banking and capital markets transaction experience and proven expertise in real estate, gaming and hospitality matters.

Prior to founding GGHM, Michael was Managing Director, Corporate Finance - Real Estate, Gaming, Lodging and Leisure SG Corporate & Investment Banking (“SG CIB”) in New York, the US securities division of Société Générale where he oversaw SG CIB’s activities worldwide across these industries. While at SG CIB, he was actively involved in the origination, structuring and execution of corporate banking and capital markets transactions raising $40+ billion and executing numerous domestic and cross-border strategic and M&A advisory assignments (both private and public, buy-side and sell-side), LBOs and re-capitalizations for real estate, gaming, lodging and leisure clients totaling $20+ billion. Prior to joining SG CIB, Michael was an investment banker with Salomon Brothers covering the real estate and financial institutions group (FIG) sectors and also worked for JP Morgan.

Areas of expertise:

• Investment Banking

• Capital Markets Transactions

• Mergers & Acquisitions

• Strategic Planning & Analysis

• Startups & Turnarounds

• International Banking & Business

For over thirty-five years, Cory H. Morowitz, MBA, has advised gaming, hospitality and other business clients on market entry and expansion, strategy, operations improvement, and finance. A recognized expert in a wide range of business finance, operations and management areas, he has authored numerous articles, studies and white papers and has authored and taught multiple continuing education and master’s level collegiate courses focused on the gaming and hospitality industries. Morowitz lectures frequently on business valuation and growth, has testified numerous times on valuation and business litigation and formerly published the Morowitz Gaming Quarterly, a well respected publication focused on key metrics and issues within the industry. 

As a Managing Partner for GGHM, Cory works closely with GGHM’s other principals to provide financial and strategic consulting services to its clients. His extensive experience includes conducting feasibility and market impact studies for new casinos in almost every US market, completing buy-side due diligence for multiple notable casino acquisitions, providing strategic and operational guidance for casinos, governments and investors, and overseeing an extensive amount of expert research and analytics for commercial and tribal gaming operators, regulators and governments as well as investment entities.

Areas of expertise:

• Feasibility & Market Impact Studies

• Master Planning

• Strategic Planning & Analysis

• Valuation & Stock Buy-back Analyses

• Financial Analysis

• Customer Service Optimization

• Operation and Investment Optimization

• Budgeting & Internal Controls

John M. Rynkiewicz is an expert in financial modeling, data analytics, and , and plays a key role in the successful execution of all GGHM engagements where data analytics and predictive modeling is required. He received his Bachelor Science in Accounting in 1993 from Northeastern University and began his career at the legacy Boston, Massachusetts office of Coopers & Lybrand LLP, John then served as Controller for a privately held multi-state healthcare company until he joined Morowitz Gaming Advisors. He received his certification as a valuation analyst (CVA) from the National Association of Certified Valuation Analysts in 2002.

Rynkiewicz has completed several master’s courses in corporate finance, management science and applied statistics at both Rutgers University and Villanova University and has taught several courses throughout the United States on various statistical tools and quantitative methods, including regression analysis, simulation and linear programming. John has worked on a variety of gaming and consulting projects and has developed numerous gravity, financial, and optimization models.

Areas of expertise:

• Corporate finance, management science and applied statistics

• Statistical tools and quantitative methodology including regression analysis, simulation and linear programming

• Developing gravity, financial and optimization models