Las Vegas Sun

February 19, 2017

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Affinity Gaming sale before Control Board

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Leila Navidi

The neon sign at Silver Sevens Hotel & Casino is ceremonially lit in Las Vegas on Monday, July 1, 2013. Silver Sevens Hotel & Casino was formerly known as Terrible’s Hotel and Casino.

The sale of Affinity Gaming, which operates casinos in Nevada, Colorado, Missouri and Iowa, to Z Capital Group LLC could pass its final regulatory approval Wednesday after the Nevada Gaming Control Board meets to review the deal.

Affinity operates 11 casinos across the U.S., including five in Nevada, three in Colorado, two in Missouri and one in Iowa. The Nevada properties include Rail City in Sparks; Silver Sevens in Las Vegas; and Buffalo Bill’s, Primm Valley and Whiskey Pete’s in Primm.

Z Capital is a private equity firm that owns other businesses in the hospitality and gaming industry, including the automotive, restaurant, agriculture, and steel and metals industries.

The deal was announced in August, and shareholders approved it in mid-December. Nevada gaming regulatory approval is the last hurdle before the deal will be consummated, likely at the end of this month.

A spokesperson with Z Capital said that the SEC had no issue with the deal, and gaming regulators in Iowa, Colorado and Missouri have also reviewed and approved the sale.

If the Nevada Gaming Control Board makes a recommendation to approve the deal, which is likely, it will send that decision to the Nevada Gaming Commission, which next meets on Jan. 26.

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