Z Capital Partners Buys Affinity Gaming for $580 Million
New York-based personal equity supervisor Z Capital Partners LLC will purchase Nevada-headquartered casino operator Affinity Gaming for the approximate level of $580 million, the two parties announced in a Tuesday statement.
Z Capital Partners is known to function as the personal equity management division of alternative investment manager Z Capital Group. Z Capital and euro palace casino instant play its particular affiliates currently own a 41% stake in Affinity Gaming. Following latest statement, it’s going to purchase the operator’s remaining outstanding stocks at a cost of $17.35 per share. Z Capital said on Tuesday it will pay in cash and it has been awarded a $465-million debt financing commitment from Citizens Bank, N.A. with the aim.
After finding a non-binding proposition of $15 per share from Z Capital, a particular independent directors committee had been created by Affinity Gaming using the reason for examining the prospective deal along with bids off their interested events also to guidance the gambling operator’s Board of Directors.
As revealed in yesterday’s statement, Z Capital increased its offer to $17.35 per share early in the day this thirty days. The committee that is special figured a purchase deal with Z Capital ended up being one that would benefit Affinity Gaming and encouraged the Board to accept the proposition.
Commenting on the latest announcement, David Reganato, Chairman of Affinity Gaming euro palace casino login’s Board and specially appointed committee, said that the agreement with Z Capital would bring significant value to investors and that it was the end result from a comprehensive consideration of Z Capital’s definitive offer.
James Zenni, CEO and President of Z Capital and person in the casino operator’s Board of Directors, commented they are happy to be buying Affinity Gaming and therefore becoming its single controlling shareholder. Mr. Zenni further noted that the gambling business provides customers with top quality activity choices at a realistic price and that it operates in certain euro palace casino the absolute most attractive US markets.
Z Capital is looking towards helping Affinity Gaming carry on its expansion and drive further profitability through key functional improvements and enhanced efficiencies, the executive concluded.
Headquartered in vegas, Affinity Gaming presently operates 11 casinos, with five of these being in Nevada. Three of this other properties are located in Colorado, two in Missouri, and one in Iowa.
Betsafe Becomes Sheffield United FC In-Stadium Betting Partner
On the web gambling operator Betsafe has transformed into the official in-stadium betting partner of Football League One football club Sheffield United for the 2016/2017 period. The gambling brand will receive brand visibility across the club’s host venue Bramall Lane casinopokies777.com under the terms of their agreement.
The partnership includes the addition of Betsafe-branded kiosks throughout the stadium along with staff clothing and initiatives that are related.
Commenting on the statement, Betsafe British Brand Manager stated that they’re actually euro palace casino withdrawal excited to see the brand grow in the UK. The state further noted that by expanding their sponsorship portfolio, the gambling operator will be able to deliver on its strategy to further establish itself in the British on the web video gaming market.
The Sheffield United gambling partnership has perhaps not been Betsafe’s very first foray into English football. Final October, the gambling that is innovative signed an identical contract with Premier League soccer team Manchester City. Betsafe hence became the official betting partner of the club’s both men’s and ladies’ teams.
The gambling operator secured brand visibility across Etihad Stadium, including LED advertising and betting kiosks euro palace casino no deposit bonus codes 2015, presence on the club’s official website as its betting partners, and numerous related benefits under the terms of the agreement. In trade, Betsafe is to provide Manchester City FC fans with exclusive promotions and initiatives that are betting.
Originally launched in 2006, Betsafe has slowly founded itself as a well-recognized brand across the highly competitive on line gambling market. Last year, the brand name ended up being acquired by Swedish gambling giant Betsson Group. The acquisition triggered Betsafe’s further development and expansion within the last years euro palace online casino.
Even though the Nordic nations are the brand’s core market, it offers extended its reach to Eastern and main European jurisdictions also. It is also focused on expanding presence in UK’s multi-billion-pound gambling market and has recently introduced its operations to Canadian gambling customers as it could be seen.
At the moment, Betsafe’s internet site offers a sportsbook, reside betting options, old-fashioned casino that is online well euro palace casino no deposit bonus as real time casino games, and poker. It absolutely was additionally relatively recently whenever brand introduced its digital providing, this provides its customers access to digital dog and horse race, baseball, tennis, and football content.
Pariplay Becomes Microgaming Quickfire Development Partner
Major designer and provider of content for the gambling that is online Microgaming announced it has extended its current relationship with Gibraltar-based game development studio Pariplay. Underneath the new partnership agreement, Pariplay has joined the elite business of development lovers on the Microgaming-powered Quickfire platform.
The game that is gibraltar-based has rolled out a suite of its most widely used titles on Quickfire, including online slots, instant win games, and scratch cards. Branded slot titles like The Three Stooges and Atari Ebony Widow, scratch cards Zodiac Fortune, Atari Star Raiders, therefore the newly launched Atari Asteroids, and lots euro palace casino kokemuksia of other people are now actually available to over 400 international on line gambling brands which have use of the platform that is microgaming-powered.
In February 2016, Pariplay launched the FUSION iGaming content aggregator. Much like other such products, the developer that is gibraltar-based platform is intended to supply international operators with access to an array of online casino, scratch card, bingo, and instant win games.
Pariplay first partnered Microgaming right after the FUSION aggregator’s roll-out. Beneath the two business’s original agreement, Microgaming incorporated its catalog of award-winning gaming titles into its new partner’s FUSION network.
Commenting in the partnership that is extended Pariplay General Manager Adrian Bailey stated that they’re excited by the newest developments within the two companies’ relationship and also to understand game studio end up being euro palace flash casino the latest Quickfire development partner. Mr. Bailey further noted that with more than 400 online video gaming brands now being live on the open platform, it’s going to offer Pariplay the chance to expand its online item providing’s reach into brand new worldwide areas.
Tom Chamberlain, Head of Quickfire at Microgaming, noticed that its element of their strategy to add content from different development partners and provide gambling operators with the euro palace casino ipad most useful video gaming titles through a simple single integration.
The state included they are really thrilled to extend a currently strong relationship and that Pariplay’s games are excellent addition towards the Quickfire platform.
The game that is gibraltar-based, which recently relocated its head office from the Isle of Man, has not been the only person to launch content on Quickfire as Microgaming’s development partner in the last several months. Start-up developer Gamevy and supplier that is malta-headquartered have also recently announced similar partnership agreements with Microgaming.