Z Capital Partners Buys Affinity Gaming for $580 Million
New York-based private equity manager Z Capital Partners LLC will buy 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 end up being the personal equity administration unit of alternative investment manager Z Capital Group. Z Capital and its affiliates presently own a 41% stake in Affinity Gaming. Following a latest statement, it will buy the operator’s staying outstanding stocks at a cost of $17.35 per share. Z Capital said on Tuesday so it will probably euro palace casino contact number pay in money and so it is granted a $465-million debt financing dedication from Citizens Bank, N.A. for the purpose.
A special independent directors committee was formed by Affinity Gaming with the purpose of examining the potential transaction as well as bids from other interested parties and to advice the gambling operator’s Board of Directors casinopokies777 euro palace casino 10 free.com after receiving a non-binding proposal of $15 per share from Z Capital.
As revealed in yesterday’s statement, Z Capital increased its offer to $17.35 per share earlier in the day this month. The special committee eventually concluded that an acquisition cope with Z Capital ended up being one which would benefit Affinity Gaming and recommended the Board to approve the proposition.
Commenting regarding the announcement that is latest, David Reganato, Chairman of Affinity Gaming’s Board and particularly appointed committee, said that the contract with Z Capital would bring significant value to investors and it was the result from a comprehensive consideration of Z Capital euro palace casino apk’s definitive offer.
James Zenni, CEO and President of Z Capital and member of the casino operator’s Board of Directors, commented that they are happy to be buying Affinity Gaming and hence becoming its single shareholder that is controlling. Mr. Zenni further noted that the gambling business provides clients with high-quality activity choices at an affordable outlay and US markets that it operates in some the most attractive.
Z Capital is looking forward to helping Affinity Gaming continue its expansion and drive further profitability through key operational improvements and improved efficiencies, the executive concluded.
Headquartered in Las Vegas, Affinity Gaming presently operates 11 gambling enterprises, with five of these being in Nevada. Three of the other properties can be found in Colorado, two in Missouri, plus one in Iowa.
Betsafe Becomes Sheffield United FC In-Stadium Betting Partner
On line gambling operator Betsafe has become the official in-stadium partner that is betting of League One soccer club Sheffield United for the 2016/2017 period. Underneath the terms of their agreement, the gambling brand will get brand name presence across the club’s host place Bramall Lane.
The partnership includes the addition of Betsafe-branded euro palace casino bewertung kiosks across the arena as well as staff clothes and related initiatives.
Commenting on the statement, Betsafe British Brand Manager stated that they’re actually excited to see the brand name grow in the UK. The official further noted that by expanding their sponsorship profile, the gambling operator will be able to deliver on its strategy to establish itself in further the UK on the web gaming market.
The Sheffield United partnership that is betting perhaps not been Betsafe’s very first foray into English football. Final October, the gambling that is innovative signed an identical agreement with Premier League soccer team Manchester City. Betsafe thus became the official betting partner of the club’s both males’s and ladies’ teams.
Under the regards to the agreement, the gambling operator secured brand visibility across Etihad Stadium, including LED advertising and wagering kiosks, presence win palace euro casino french on the club’s official web site as its gambling partners, and many associated advantages. As a swap, Betsafe would be to provide Manchester City FC fans with exclusive promotions and betting initiatives.
Initially launched in 2006, Betsafe has gradually founded it self as being a well-recognized brand name across the highly competitive on the web gambling market. In 2011, the brand name ended up being acquired by Swedish gambling giant Betsson Group. The purchase resulted in Betsafe’s further euro palace mobile casino growth and expansion in the last years that are several.
Although the Nordic countries are the brand’s core market, it offers extended its reach to Eastern and main European jurisdictions too. Since it could possibly be seen, additionally it is focused on expanding existence in British’s multi-billion-pound gambling market and it has recently introduced its operations to Canadian gambling clients.
At present, Betsafe’s website delivers a sportsbook, reside betting euro palace casino germany options, conventional casino that is online well as real time casino games, and poker. It was also fairly recently if the brand introduced its digital providing, this provides you with its customers usage of digital dog and horse race, basketball, tennis, and soccer content.
Pariplay Becomes Microgaming Quickfire Development Partner
Major designer and supplier of content for the online gambling industry Microgaming announced it has extended its existing relationship with Gibraltar-based game development studio Pariplay. Underneath the new partnership contract, Pariplay has joined the elite business of development lovers on the Microgaming-powered Quickfire platform.
The game that is gibraltar-based has rolled down a suite of its most widely used titles on Quickfire, including online slots, instant win games, and scratch cards. Branded slot titles just like The Three Stooges and Atari Black Widow, scratch cards Zodiac Fortune, Atari Star Raiders, plus the newly launched Atari Asteroids, and a number of others are now available to a lot more than 400 international on the web gambling brands that have use of the platform that is microgaming-powered.
In 2016, Pariplay launched the FUSION iGaming euro palace casino promotion code content aggregator february. Similarly to other such items, the developer that is gibraltar-based platform is intended to deliver international operators with access to a wide range of online casino, scratch card, bingo, and instant win games.
Pariplay first partnered Microgaming right after the FUSION aggregator’s roll-out. Under the two business’s original contract, Microgaming integrated its catalog of award-winning video 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 latest developments into the two companies’ relationship also to understand game studio become the latest Quickfire development partner. Mr. Bailey further noted that with above 400 online video gaming brands now being reside on the platform that is open it’ll offer Pariplay the opportunity to expand telecharger euro palace casino its online product offering’s reach into new international markets.
Tom Chamberlain, Head of Quickfire at Microgaming, remarked that it is element of their strategy to add content from different development partners and offer gambling operators with all the gaming titles that euro palace casino rating are best through an easy single integration.
The state included that they’re really happy 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 headquarters from the Isle of Man, has not been the only person to introduce content on Quickfire as Microgaming’s development partner in the last many months. Start-up developer Gamevy and supplier that is malta-headquartered have also recently announced similar partnership agreements with Microgaming.