Lyle Berman
Director/Board Member at MILL CITY VENTURES III, LTD.
Net worth: 8 M $ as of 2024-03-30
Profile
Lyle Arnold Berman founded Grand Casinos, Inc. in 1991, where he worked as Chairman from 1991 to 1998, PokerTek, Inc. in 2002, where he worked as Independent Director from 2012 to 2014, and Berman Consulting Corp.
in 1990, where he is working as Chairman & Chief Executive Officer from 1990.
Mr. Berman also currently works at New Horizon Kids Quest, Inc., as Director from 1994, Redstone American Grill, Inc., as Director, Mill City Ventures LP, as Director, Augeo Affinity Marketing, Inc., as Director, Mill City Ventures III Ltd., as Independent Director from 2016, Sow Good, Inc., as Independent Director from 2016, LubeZone, Inc., as Director, Drakes Organic Spirits, Inc., as Director from 2019, FOXO BioScience LLC, as Director, FOXO Technologies Operating Co., as Director, 52 Gaming LLC, as Director, and Insurtech Holdings LLC, as Director.
Mr. Berman also formerly worked at Rainforest Cafe, Inc., as Chairman & Chief Executive Officer from 1994 to 2000, WPT Enterprises, Inc., as Executive Chairman from 2002 to 2013, ante4, Inc., as Chairman in 2010, Voyager Oil & Gas, Inc., as Executive Chairman from 2010 to 2012, Emerald Oil, Inc., as Executive Chairman from 2002 to 2013, Allied Gaming & Entertainment, Inc., as Co-Chairman, Vice President-Mergers & Acquisition from 2022 to 2023, G-III Apparel Group Ltd., as Director, Wilsons The Leather Experts, Inc., as Director, Golden Entertainment, Inc., as Director from 2015 to 2021, Sow Good, Inc., as Director in 2010, New Emerald Energy LLC, as Director from 2002 to 2013, Black Ridge Acquisition Corp., as Independent Director, and King Show Games LLC, as President.
Mr. Berman received his undergraduate degree in 1964 from the University of Minnesota.
Known holdings in public companies
| Company | Date | Number of shares | Valuation | Valuation date |
|---|---|---|---|---|
SOW GOOD INC.
9.53% | 2024-03-27 | 577,404 ( 9.53% ) | 6 M $ | 2024-03-30 |
| 2023-04-13 | 1,095,459 ( 2.97% ) | 1 M $ | 2024-03-30 | |
| 2023-09-27 | 315,556 ( 4.94% ) | 836 223 $ | 2024-03-30 |
Lyle Berman active positions
| Companies | Position | Start |
|---|---|---|
| MILL CITY VENTURES III, LTD. | Director/Board Member | 2016-01-19 |
| SOW GOOD INC. | Director/Board Member | 2016-10-25 |
52 Gaming LLC
 52 Gaming LLC Recreational ProductsConsumer Durables 52 Gaming LLC is a private company that manufactures electronic poker tables. The company is based in Matthews, NC. The company was founded in 2016. | Director/Board Member | - |
FOXO Technologies Operating Co.
 FOXO Technologies Operating Co. Packaged SoftwareTechnology Services Part of FOXO Technologies, Inc., FOXO Technologies Operating Co. develops genetic sequencing technology, artificial intelligence, and bioinformatics tools. The private company is based in Minneapolis, MN. The company was founded by Jon R. Sabes. Jon R. Sabes has been the CEO since incorporation. FOXO Technologies Operating was acquired by Delwinds Insurance Acquisition Corp. on September 16, 2022 for $276.30 million. | Director/Board Member | - |
| FOXO BioScience LLC | Director/Board Member | - |
Drakes Organic Spirits, Inc.
 Drakes Organic Spirits, Inc. Beverages: AlcoholicConsumer Non-Durables Drakes Organic Spirits, Inc. is a company that produces ultra-premium spirits and mixes using the highest quality USDA organic and non-GMO project verified ingredients. The company is based in Minnetonka, MN and was founded by Mark D. Anderson and Kristen Anderson. Drakes Organic is the first and only spirits line to be certified vegan, gluten-free, non-GMO, kosher, and USDA organic. The company recently began producing bulk sanitizer to meet the need for cleaner, safer environments. Drakes Organic has won several awards, including double gold for its premium vodka and gold for its white rum at the Wine & Spirits Wholesalers of America convention. The company was founded in 2017 and offers a line of handcrafted spirits, including vodka, white rum, and spiced rum. Mark D. Anderson has been the CEO since incorporation. | Director/Board Member | 2019-06-26 |
| Mill City Ventures LP | Director/Board Member | - |
LubeZone, Inc.
 LubeZone, Inc. TruckingTransportation LubeZone, Inc. engages in providing services to the trucking industry. It offers full-service oil change, gear box, tractor and trailer grease, air filters, oil analysis, tire checks, and Department of Transportation inspections. The company was founded in 2016 and is headquartered in Bloomington, MN. | Director/Board Member | - |
Augeo Affinity Marketing, Inc.
 Augeo Affinity Marketing, Inc. Packaged SoftwareTechnology Services Augeo Affinity Marketing, Inc. engages in the development of technology platforms for employee engagement and customer loyalty. The platform provides employee recognition and rewards, membership benefits, card-linking experiences, digital marketing and innovation, and business-to-business and business-to-consumer loyalty programs. The company was founded by David Kristal in 1998 and is headquartered in St. Paul, MN. | Director/Board Member | - |
| ░░░░░░ ░░░░░░░░░░ ░░░░░ | ░░░░░ ░░░░░░░░░ ░░░░░░░ | ░░░░░░░░░░ |
Former positions of Lyle Berman
| Companies | Position | End |
|---|---|---|
| ░░░░░░ ░░░░░░ ░░░░░ ░░░░░░░░░░░░░ ░░░░ | ░░░░░ ░░░░░░░░░ ░░░░░░░ | ░░░░░░░░░░ |
| ░░░░░░ ░░░░░░░░░░░░░░ ░░░░ | ░░░░░ ░░░░░░░░░ ░░░░░░░ | ░░░░░░░░░░ |
| ░░░░░░░░ ░░░ | ░░░░░░░ | ░░░░░░░░░░ |
| ░░░ ░░░░░░░ ░░░░░░ ░░░ | ░░░░░░░░░░░░░░ ░░░░░░ | ░░░░░░░░░░ |
| ░░░░░░░ ░░░░ ░░░░ ░░░░░ | ░░░░░░░░ | ░░░░░░░░░░ |
Training of Lyle Berman
| University of Minnesota | Undergraduate Degree |
Experiences
Positions held
Connections
1st degree connections
1st degree companies
Male
Female
Members of the board
Executives
Linked companies
| Listed companies | 5 |
|---|---|
| G-III APPAREL GROUP, LTD. | Consumer Non-Durables |
| GOLDEN ENTERTAINMENT, INC. | Consumer Services |
| MILL CITY VENTURES III, LTD. | Finance |
| SOW GOOD INC. | Consumer Non-Durables |
| ALLIED GAMING & ENTERTAINMENT INC. | Consumer Services |
| Private companies | 22 |
|---|---|
Grand Casinos, Inc.
 Grand Casinos, Inc. Hotels/Resorts/Cruise linesConsumer Services Part of Caesars Entertainment, Inc., Grand Casinos, Inc. is a private company that operates hotels. The company is based in Minnetonka, MN. The company was founded by Lyle Arnold Berman. | Consumer Services |
Rainforest Cafe, Inc.
 Rainforest Cafe, Inc. RestaurantsConsumer Services Rainforest Cafe, Inc. owns, operates and licenses themed restaurants. It also has a retail village where rainforest themed merchandise is sold. The company was founded by Steven Schussler in 1994 and is headquartered in Houston, TX. | Consumer Services |
New Horizon Kids Quest, Inc.
 New Horizon Kids Quest, Inc. Other Consumer ServicesConsumer Services New Horizon Kids Quest, Inc. family of companies offer a diverse range of services in a variety of environments, include Kids Quest Hourly Child Care and Entertainment, Supervised, Cyber Quest Non-Violent Arcades for Family Entertainment, New Horizon Traditional and Employee Sponsored Care and Kinderberry Hill Child Development. New Horizon Kids Quest, Inc. develops, owns and operates supervised children's entertainment and recreational facilities under the name Kids Quest and premium traditional child care centers under the name New Horizon Child Care. The Company currently provides hourly child care at twenty locations in ten states, including three with supervised non-violent video entertainment centers. | Consumer Services |
Wilsons The Leather Experts, Inc.
 Wilsons The Leather Experts, Inc. Apparel/Footwear RetailRetail Trade Wilsons The Leather Experts, Inc. retails leather outerwear, apparel and accessories. Its stores offer clearance items and outlet-only merchandise as well as certain key in-season products. Its e-commerce site offers an extension of their store experience and features key in-season merchandise as well as promotional merchandise. It is located in Brooklyn Park, MN | Retail Trade |
Redstone American Grill, Inc.
 Redstone American Grill, Inc. RestaurantsConsumer Services Redstone American Grill, Inc. owns and operates restaurant. It offers a wood burning grill, rotisserie and an open exhibition kitchen where its signature steaks, chops, chicken and the seafood available are prepared. The company was founded in 1999 by Dean Vlahos and is headquartered in Eden Prairie, MN. | Consumer Services |
WPT Enterprises, Inc.
 WPT Enterprises, Inc. Movies/EntertainmentConsumer Services WPT Enterprises, Inc. engages in operation of a televised gaming and entertainment company. Its brand presence include land-based tournaments, television, online, and mobile. The company was founded in 2002 and is headquartered in Irvine, CA. | Consumer Services |
PokerTek, Inc.
 PokerTek, Inc. Recreational ProductsConsumer Durables PokerTek, Inc. developed and manufactured electronic table games and related products for casinos, cruise lines, racinos, card clubs and lotteries worldwide. Its products included PokerPro and ProCore. The company was founded by Gehrig H. White, Lyle A. Berman, Arthur Lee Lomax and James T. Crawford III on August 26, 2003 and was headquartered in Matthews, NC. | Consumer Durables |
| Mill City Ventures LP | |
Augeo Affinity Marketing, Inc.
Augeo Affinity Marketing, Inc. Packaged SoftwareTechnology Services Augeo Affinity Marketing, Inc. engages in the development of technology platforms for employee engagement and customer loyalty. The platform provides employee recognition and rewards, membership benefits, card-linking experiences, digital marketing and innovation, and business-to-business and business-to-consumer loyalty programs. The company was founded by David Kristal in 1998 and is headquartered in St. Paul, MN. | Technology Services |
| King Show Games LLC | |
| ante4, Inc. | Finance |
Voyager Oil & Gas, Inc.
 Voyager Oil & Gas, Inc. Contract DrillingIndustrial Services Voyager Oil & Gas, Inc. engages in the exploration, development, and production of oil and gas. The company also engaged in the business of acquiring acreage in prospective natural resource plays primarily within the Williston Basin located in Montana and North Dakota. It seeks to accumulate acreage blocks on a non-operated basis and build net asset value via the production of hydrocarbons in repeatable and scalable opportunities. The company was founded by Steven Lipscomb in March 2002 and is headquartered in Billings, MT. | Industrial Services |
| Emerald Oil, Inc. /Old/ | Energy Minerals |
New Emerald Energy LLC
 New Emerald Energy LLC Contract DrillingIndustrial Services New Emerald Energy LLC engages in drilling oil and gas wells. The company is based in Denver, CO. The company was founded by James Russell Reger. | Industrial Services |
LubeZone, Inc.
LubeZone, Inc. TruckingTransportation LubeZone, Inc. engages in providing services to the trucking industry. It offers full-service oil change, gear box, tractor and trailer grease, air filters, oil analysis, tire checks, and Department of Transportation inspections. The company was founded in 2016 and is headquartered in Bloomington, MN. | Transportation |
Black Ridge Acquisition Corp.
 Black Ridge Acquisition Corp. Financial ConglomeratesFinance Black Ridge Acquisition Corp. is a blank check company. It intends to focus its search on businesses in the energy or energy-related industries with an emphasis on opportunities in the upstream oil and gas industry in North America. The company was founded on May 9, 2017 and is headquartered in Minneapolis, MN. | Finance |
Berman Consulting Corp.
 Berman Consulting Corp. Miscellaneous Commercial ServicesCommercial Services Berman Consulting Corp. provides business consulting services. The private company is based in Plano. The American company was founded by Lyle Arnold Berman. Lyle Arnold Berman has been the CEO since incorporation. | Commercial Services |
Drakes Organic Spirits, Inc.
Drakes Organic Spirits, Inc. Beverages: AlcoholicConsumer Non-Durables Drakes Organic Spirits, Inc. is a company that produces ultra-premium spirits and mixes using the highest quality USDA organic and non-GMO project verified ingredients. The company is based in Minnetonka, MN and was founded by Mark D. Anderson and Kristen Anderson. Drakes Organic is the first and only spirits line to be certified vegan, gluten-free, non-GMO, kosher, and USDA organic. The company recently began producing bulk sanitizer to meet the need for cleaner, safer environments. Drakes Organic has won several awards, including double gold for its premium vodka and gold for its white rum at the Wine & Spirits Wholesalers of America convention. The company was founded in 2017 and offers a line of handcrafted spirits, including vodka, white rum, and spiced rum. Mark D. Anderson has been the CEO since incorporation. | Consumer Non-Durables |
| FOXO BioScience LLC | |
FOXO Technologies Operating Co.
FOXO Technologies Operating Co. Packaged SoftwareTechnology Services Part of FOXO Technologies, Inc., FOXO Technologies Operating Co. develops genetic sequencing technology, artificial intelligence, and bioinformatics tools. The private company is based in Minneapolis, MN. The company was founded by Jon R. Sabes. Jon R. Sabes has been the CEO since incorporation. FOXO Technologies Operating was acquired by Delwinds Insurance Acquisition Corp. on September 16, 2022 for $276.30 million. | Technology Services |
52 Gaming LLC
52 Gaming LLC Recreational ProductsConsumer Durables 52 Gaming LLC is a private company that manufactures electronic poker tables. The company is based in Matthews, NC. The company was founded in 2016. | Consumer Durables |
| Insurtech Holdings LLC |
- Stock Market
- Insiders
- Lyle Berman
