Minneapolis-based PDS Gaming, a provider of gaming equipment and financing solutions, has named Alex Dungan as CEO. Previously, Dungan worked at Bally Technologies, currently part of Scientific Games, where he was most recently vice president of the gaming operations business unit and sales administration. PDS Gaming is backed by Northlight.
LAS VEGAS, Feb.1, 2018 /PRNewswire/ — PDS Gaming, a worldwide provider of gaming equipment and financing solutions, today announced Alex Dungan as its new CEO. Mr. Dungan joins the Company after a 27-year tenure at Bally Technologies, currently part of Scientific Games, where he was most recently Vice President of the Gaming Operations Business unit and Sales Administration. Mr. Dungan brings to PDS a broad depth of experience in the global gaming market and corporate strategy. Johan Finley, current CEO and Founder of PDS, will continue to advise the Company as a consultant on special projects in the gaming industry and will also serve as special gaming advisor to Northlight Financial, an affiliate of which acquired PDS in January 2017.
“The PDS Gaming Board of Managers and Mr. Finley ran a comprehensive executive search and Alex emerged as our unanimous choice. He brings a unique mix of energy, operational experience and extensive gaming market awareness to our business,” says Michael Jahrmarkt, Founder of Northlight and board member. “The board is deeply appreciative of Mr. Finley’s dedication and leadership. Johan has built a strong foundation for our long-term growth, expanded product array and family culture of the organization,” Mr. Jahrmarkt said on behalf of the board.
“I’m thrilled to have this opportunity to build upon the vitality of the PDS organization and to expand our customer base and expand our suite of products to meet the ever growing needs of gaming customers around the world,” said Mr. Dungan. “I’ve known Johan for years, and when he approached me I knew I had to strongly consider the opportunity to work with the team at PDS and Northlight based upon the success he had fostered over the years,” he added.
Mr. Finley commented that “I am leaving PDS in excellent condition under the guidance and direction of Alex. His expertise and reputation in the gaming industry is now combined with a strong and dedicated team of individuals to allow PDS to carry on the fine work it has always delivered.”
PDS is one of the leading providers of customized financing of gaming equipment and services in the US and abroad with a 30 year operating history and gaming licenses in 30 jurisdictions. The Company offers a full suite of financing solutions to its customers, which include hotel, resort and casino operators, route operators, manufacturers and distributors.
Founded in Minneapolis in 1988 PDS Gaming traces its roots to early days of vehicle lease portfolio acquisition and equipment leasing. In the early 1990’s PDS transformed itself into one of the leading providers of innovative financing solutions and a lessor of slot machine equipment to the gaming industry. Headquartered in Las Vegas, PDS has deployed nearly $1.3 billion in capital. With a current roster of over 300 customers and clients, PDS has over the years operated in 81 regulated jurisdictions, 26 US States and 15 countries.
Northlight is a private equity sponsor, middle market lender and manager of corporate loans, real estate assets and gaming investments.