LAS VEGAS--(BUSINESS WIRE)--Nov 1, 2023--
Affinity Interactive (“AI”), an omni-channel gaming industry leader, today announced that its affiliates have completed the previously announced sale of Rail City Casino (“Rail City”) in Sparks, Nevada, to Truckee Gaming, LLC (“Truckee Gaming”). Financial terms of the transaction were not disclosed.
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“Rail City has been a beloved local establishment for decades, and AI has delivered on its mission to provide value, entertainment, and variety to its customers. We thank all the Rail City employees for their valued contributions and wish them the best of luck under Truckee Gaming’s stewardship,” said Andrei Scrivens, Chief Executive Officer of Affinity Interactive. “For AI, with a sharpened focus on our remaining gaming properties, we believe our business is well positioned for continued success. We remain committed to pursuing other compelling investment opportunities that align with our growth strategy and where we can provide customers with innovative gaming experiences.”
As announced earlier this year, AI enhanced its leadership team with key hires who are focused on growth at its seven remaining casinos and the Daily Racing Form.
About Affinity Interactive
Affinity Interactive is an omni-channel gaming industry leader with an expanded suite of casino and online gaming offerings. Combining leading regional casinos in Nevada, Missouri and Iowa with advanced technology, digital and media platforms, and an online betting presence, Affinity Interactive has nearly 1 million combined customers and is positioned to capitalize on the continued momentum in sports betting and iGaming globally. Affinity Interactive companies also include: the iconic Daily Racing Form, "America's Turf Authority since 1894" for horse racing and sports enthusiasts throughout North America; DRF Bets™, one of America's fastest-growing online and mobile wagering platforms; and DRF Sports, which provides fans with exclusive up-to-date sports betting stats, insights and analysis on all major U.S. sports and leagues. For more information, please visit affinityinteractive.com, DRF.com, bets.DRF.com and DRF.com/sports.
Affinity Interactive is a portfolio company of Z Capital Partners, L.L.C., the private equity fund management arm of Z Capital Group, L.L.C. ("ZCG"). ZCG is a leading, privately held merchant bank comprised of private markets asset management, business consulting services, technology development and solutions. ZCG has a global team comprised of over 400 professionals. ( www.zcg.com )
About ZCG
ZCG is a leading, privately held merchant bank comprised of private markets asset management, business consulting services, technology development and solutions.
For almost 30 years, ZCG Principals have invested tens of billions in capital and have industry leading track records in private equity and credit.
ZCG has approximately $7B of AUM in asset management and its investors are some of the largest and most sophisticated global institutional investors including pension funds, endowments, foundations, sovereign wealth funds, central banks, and insurance companies.
ZCG has a global team comprised of over 400 talented professionals. For more information, please visit www.zcg.com.
About Truckee Gaming
Truckee Gaming LLC is headquartered in Northern Nevada and is a leading owner and operator of locals-oriented casinos. With the acquisition of Rail City, Truckee Gaming will own and operate 10 casinos in Northern and Southern Nevada with over 2,600 slot machines. These casinos include associated gas stations, restaurants, an RV park, a California Lottery store, and other amenities.
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CONTACT: Media
Tim Ragones / Kate Thompson / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
KEYWORD: NEVADA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY CASINO/GAMING ENTERTAINMENT OTHER TECHNOLOGY ONLINE MOBILE ENTERTAINMENT SOFTWARE INTERNET DATA MANAGEMENT
SOURCE: Affinity Interactive
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PUB: 11/01/2023 03:12 PM/DISC: 11/01/2023 03:13 PM
http://www.businesswire.com/news/home/20231101128229/en
