LAS VEGAS (AP) — Officials say Affinity Gaming, the Las Vegas-based owner of 11 casinos in Nevada, Colorado, Missouri and Iowa, has been sold to a New York private equity firm for $580 million.
The all-cash deal was announced Tuesday by Z Capital Partners LLC, the private equity arm of Z Capital Group LLC.
The Las Vegas Review-Journal reports that Z Capital and affiliates that already own about 41 percent of Affinity stock plan to buy remaining shares for $17.35 each.
Affinity owns the Silver Sevens hotel-casino in Las Vegas, three hotel-casinos in the Nevada-California state line town of Primm, and the Rail City Casino in Sparks.
It also owns the Mardi Gras, Golden Gates and Golden Gulch properties in Blackhawk, Colorado; the St. Jo Frontier and Mark Twain casinos in Missouri; and the Lakeside Hotel Casino in Osceola, Iowa.
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