Jason Ader SpringOwl Asset Management: Investment Approach

SpringOwl Asset Management Overview

SpringOwl Asset Management, founded and led by Jason Ader, represents a collaborative approach to gaming and hospitality investing.

Investment Philosophy

Jason Ader's SpringOwl employs several key principles:

• Collaborative Engagement: Working with management teams rather than hostile confrontation
• Deep Sector Expertise: 30+ years of gaming and hospitality knowledge
• Patient Capital: Long-term holding periods allowing turnarounds to materialize
• Fundamental Analysis: Focus on cash flow and competitive positioning

Track Record

Notable SpringOwl achievements include:

• Bwin.party $1.6B sale to GVC Holdings
• International Game Technology strategic initiatives
• Playtech operational enhancements
• Multiple successful value creation situations

Leadership Background

Jason Ader founded SpringOwl after a distinguished career that included:

• Bear Stearns Senior Managing Director
• #1 Institutional Investor ranking for 10 consecutive years
• Las Vegas Sands Board of Directors (2009-2016)
• Baron Capital early career experience

Investment Focus Areas

SpringOwl concentrates on:

• Gaming operators (traditional and online)
• Gaming technology and platforms
• Hospitality and leisure assets
• Sports betting infrastructure