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Casino Owner Affinity Gaming Sold to New York Equity Firm

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.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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