Archive for the ‘euro palace casino’ Category

Z Capital Partners Buys Affinity Euro Palace Casino Instant Play Gaming for $580 Million

Donnerstag, November 28th, 2019

Z Capital Partners Buys Affinity Gaming euro palace casino for $580 Million

New York-based equity that is private Z Capital Partners LLC will purchase Nevada-headquartered casino operator Affinity Gaming for the approximate number of $580 million, the two parties announced in a Tuesday statement.

Z Capital Partners is famous to function as the personal equity administration unit of alternate investment manager Z Capital Group. Z Capital and its particular affiliates presently have a 41% stake in Affinity Gaming. After the latest statement, it’s going to choose the operator’s remaining outstanding shares at a cost of $17.35 per share. Z Capital said on Tuesday that it can pay in cash and it was given a $465-million financial obligation funding commitment from people Bank, N.A. with the aim.

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 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 early in the day this month. The committee that is special concluded that a purchase deal with Z Capital was one which would gain Affinity Gaming and advised the Board to approve the proposal.

Commenting regarding the announcement that is latest, David Reganato, Chairman of Affinity Gaming’s Board and specially appointed committee euro palace casino login, stated that the agreement with Z Capital would bring significant value to investors and that it was the end result from the comprehensive consideration of Z Capital’s definitive offer. (mehr …)