#Affinity gaming full

“Affinity brings a compelling offer to consumers by providing high-quality entertainment at affordable prices in attractive markets, and I am confident that Z Capital is uniquely positioned to grow the business for years to come. “We are pleased to enter into the agreement to purchase Affinity and transition from the largest shareholder to sole controlling shareholder,” said James Zenni, president and chief executive officer of Z Capital and member of the Affinity Board of Directors since 2014, in the press release.

Z Capital has received a debt-financing commitment in the amount of $465 million from Citizens Bank, National Association. The Company's casino operations consist of eight casinos, five of which are. Velotta at or 70.Jaffoni said the situation is more of a concentration of ownership, and Z Capital has been a majority shareholder for the past several years. About Affinity Gaming Affinity Gaming is a diversified casino gaming company headquartered in Las Vegas, Nevada. “We look forward to leveraging our broad expertise across the hospitality, restaurant, retail and consumer sectors to help Affinity continue to expand, while driving profitability through operating improvements and enhanced efficiencies,” he said.Ĭontact Richard N. It plans to pursue addition consolidation. “Affinity brings a compelling offer to consumers by providing high-quality entertainment at affordable prices in attractive markets, and I am confident that Z Capital is uniquely positioned to grow the business for years to come,” said Zenni, a member of the Affinity board of directors since 2014. Affinity Gaming, the owner of the Silver Sevens Casino in Las Vegas, is merging with a newly formed special purpose acquisition company (SPAC). “We are pleased to enter into the agreement to purchase Affinity and transition from the largest shareholder to sole controlling shareholder,” James Zenni, president and CEO of Z Capital, said in a statement announcing the transaction. Buffalo Bill’s also has a 6,500-seat arena and a roller coaster, the Desperado, that once had the highest drop in the world.Īffinity also has the 777-room Whiskey Pete’s property with a 34,800-square-foot casino that opened in 1977 and the 624-room Primm Valley Resort, which has a 37,779-square-foot casino that opened in 1990. It has a 61,372-square-foot casino with more than 1,700 slot machines and table games. It brands itself as a locals-friendly property close to the Strip and McCarran International Airport.īuffalo Bill’s is Affinity’s largest and newest property, opening in 1994 with 1,242 rooms. The Silver Sevens, formerly known as the Continental and Terrible’s, opened in 1981 and has 370 hotel rooms and a 35,000-square-foot casino. To uncover the data, weve created the gaming genre affinity matrix based on an.

#Affinity gaming full

9, Z Capital raised its offer to $17.35 a share and the committee agreed to recommend to the full board that the deal be accepted and recommended for approval to shareholders. What about if Role Playing gamers play Puzzle games or the most popular.

The company announced Tuesday that Affinity’s board of directors had formed a special committee of independent directors in late July after receiving a nonbinding proposal from Z Capital, which offered to buy the company for $15 a share. The transaction is expected to close in the first quarter of 2017 pending shareholder and regulatory approval. It also has the Rail City Casino in Sparks, three properties in Colorado, two in Missouri and one in Iowa.

Under the terms of the deal, Z Capital and its affiliates, which currently own about 41 percent of Affinity’s outstanding shares, will acquire the company’s remaining outstanding shares for $17.35 each.Īffinity owns the Silver Sevens property at Flamingo and Paradise roads in Las Vegas and three resorts in Primm, the Primm Valley Resort, Whiskey Pete’s and Buffalo Bill’s. Representatives of Z Capital Partners LLC, the private equity arm of Z Capital Group LLC, announced the $580 million all-cash deal Tuesday morning. Elizabeth Page Brumley/Las Vegas Review-Journal Follow Vegas-based Affinity Gaming, owner of 11 casinos, with five in Nevada that include the Silver Sevens and three Primm properties, has been sold to a New York private equity firm. A man plays a game inside of Whiskey Pete's hotel-casino on Tuesday, Aug.