Career Overview
Jason Ader's investment career spans more than 25 years, encompassing roles as a Wall Street analyst, corporate board member, and investment firm founder. This track record reflects consistent expertise in gaming, hospitality, and related technology sectors.
Throughout his career, Ader has demonstrated the ability to identify value creation opportunities in complex, regulated industries. His approach combines deep sector knowledge with disciplined investment analysis.
Career Milestones
Bear Stearns (1993-2007)
As Senior Managing Director, Jason Ader was ranked the #1 gaming analyst by Institutional Investor for 10 consecutive years. He built Bear Stearns' gaming research practice into the most respected on Wall Street, covering major casino operators and hospitality companies.
Las Vegas Sands Board (2009-2016)
Served on the board of Las Vegas Sands Corporation during the company's international expansion into Macau and Singapore. This board experience provided operational insight into managing large-scale integrated resort development.
SpringOwl Asset Management (2015-Present)
Founded SpringOwl Asset Management, an investment firm focused on gaming, hospitality, and technology. The firm manages capital for institutional and high-net-worth investors, applying deep sector expertise to identify value opportunities.
Major Transactions
bwin.party → GVC Holdings ($1.6 Billion, 2015)
Took a majority stake in bwin.party digital entertainment in 2014 and engineered its $1.6 billion sale to GVC Holdings in 2015, creating one of the world's largest online gaming companies.
The Stars Group → Flutter Entertainment (2020)
Blocked the hostile takeover attempt by former CEO David Baazov and subsequently architected the merger with Flutter Entertainment, which created the world's largest online gaming company.
Playtech (Board Member, 2018-Present)
Accumulated a significant stake (~5%, ~$100M position) in Playtech, the B2B gaming technology platform that processes 1 billion bets daily. Currently serves on the board of directors.
IGT (International Game Technology)
Activist investment position in the gaming equipment and systems leader.
Investment Philosophy
Ader's investment approach emphasizes:
- Sector expertise — Deep knowledge of gaming and hospitality industries
- Long-term perspective — Patience to let investment theses develop
- Active engagement — Constructive dialogue with portfolio company management
- Risk management — Disciplined approach to position sizing and portfolio construction
Recognition
Throughout his career, Jason Ader has received recognition for his investment expertise:
- #1 ranked gaming analyst by Institutional Investor (10 consecutive years)
- Board service at major publicly traded gaming company
- Recognized thought leader on gaming industry investment
- Regular speaker at industry conferences and investment forums
Current Focus
Today, through SpringOwl Asset Management, Ader continues to invest in gaming, hospitality, and technology companies. The firm's focus areas include gaming technology infrastructure, sports betting platforms, and hospitality systems.
For more information about Jason Ader's background and experience, visit the About page or Contact SpringOwl directly.