Z Capital Partners Buys Affinity Gaming for $580 Million
New York-based personal equity manager Z Capital Partners LLC will purchase Nevada-headquartered casino operator Affinity Gaming for the approximate quantity of $580 million, the two parties announced in a Tuesday statement.
Z Capital Partners is known to function as the personal equity administration division of alternative investment manager Z Capital Group. Z Capital and its particular affiliates presently possess a 41% stake in Affinity Gaming. Following a latest statement, it will buy the operator’s remaining outstanding stocks at a price of $17.35 per share. Z Capital said on Tuesday so it has been granted euro palace flash casino a $465-million debt financing commitment from Citizens Bank, N.A. for the purpose that it will pay in cash and.
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 earlier in the day this month. The unique committee sooner or later concluded that a purchase handle Z Capital ended up being one which would benefit Affinity Gaming and encouraged the Board to approve the proposition.
Commenting on the announcement that is latest, David Reganato, Chairman of Affinity Gaming’s Board and especially appointed committee, said that the agreement with euro palace casino no deposit bonus Z Capital would bring significant value to shareholders and that it was euro palace casino the effect from a comprehensive consideration of Z Capital’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 very happy to be purchasing Affinity Gaming and hence becoming its single controlling shareholder. Mr. Zenni further noted that the gambling company provides customers with high quality activity choices at an affordable price and that it operates in some the most attractive US markets.
Z Capital is looking forward to Affinity that is helping Gaming its expansion and drive further profitability through key operational improvements and improved efficiencies, the professional concluded.
Headquartered in nevada, Affinity Gaming currently operates 11 gambling enterprises, with five of these being in Nevada. Three of this other properties are situated in Colorado, two in Missouri, and something in Iowa.
Betsafe Becomes Sheffield United FC In-Stadium Betting Partner
Online gambling operator Betsafe has transformed into the official in-stadium partner that is betting of League One football club Sheffield United for the 2016/2017 period. Underneath the terms of their agreement, the gambling brand will receive brand exposure throughout the club’s host location Bramall Lane.
The partnership includes the addition of Betsafe-branded kiosks across the arena in addition to staff clothing and initiatives that are related.
Commenting on the statement, Betsafe UK Brand Manager stated that they’re actually excited to see the brand name euro palace casino withdrawal grow in britain. The state further noted that by expanding their sponsorship portfolio, the gambling operator will be able to deliver on its technique to further establish itself in the UK on the web video gaming market.
The Sheffield United partnership that is betting not been euro palace online casino Betsafe’s first foray into English football. Last October, the revolutionary gambling brand signed a similar contract with Premier League soccer team Manchester City. Betsafe hence became the formal partner that is betting of club’s both males’s and women’s teams.
The gambling operator secured brand visibility across Etihad Stadium, including LED advertising and betting kiosks, presence on the club’s official website as its betting partners, and numerous related benefits under the terms of the agreement. In exchange, Betsafe euro palace casino no deposit bonus codes 2015 would be to provide Manchester City FC fans with exclusive promotions and betting initiatives.
Initially established in 2006, Betsafe has gradually established it self as a well-recognized brand name across the highly competitive online gambling market. Last year, the brand name had been acquired by Swedish gambling giant Betsson Group. The acquisition triggered Betsafe’s further development and expansion in the last several years.
Even though countries that are nordic the brand’s core market, it offers extended its reach to Eastern and Central European jurisdictions aswell. Because it might be seen, it’s also dedicated to expanding presence in UK’s multi-billion-pound gambling market and has recently introduced its operations to Canadian gambling customers.
At the moment, Betsafe’s web site supplies a sportsbook, live betting choices, old-fashioned casino that is online well as real time casino games, and poker. It absolutely was also reasonably recently once the brand name introduced its digital offering, this provides its clients access to dog that is virtual horse euro palace casino login race, basketball, tennis, and football content.
Pariplay Becomes Microgaming Quickfire Development Partner
Significant developer and provider of content for the online gambling industry Microgaming announced so it has extended its current relationship with Gibraltar-based game development studio Pariplay. Under the brand new partnership agreement, Pariplay has joined the elite business of development partners on the Microgaming-powered Quickfire platform.
The Gibraltar-based game designer euro palace casino instant play has rolled away a suite of its most well known 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, and the newly launched Atari Asteroids, and lots of other people are now available to a lot more than 400 worldwide on line gambling brands that have usage of the Microgaming-powered platform.
In February 2016, Pariplay launched the FUSION iGaming content aggregator. Much like other such items, the Gibraltar-based designer’s platform is intended to offer worldwide operators with usage of many online casino, scratch card, bingo, and instant win games.
Pariplay first partnered Microgaming immediately after the FUSION aggregator’s roll-out. Under the two company’s initial agreement, Microgaming integrated its catalog of award-winning gaming titles into its brand new partner’s FUSION network.
Commenting in the partnership that is extended Pariplay General Manager Adrian Bailey stated they are excited by the newest developments within the two organizations’ relationship also to begin to see the game studio become the latest Quickfire development partner. Mr. Bailey further noted that with significantly more than 400 online gaming brands now being euro palace casino kokemuksia reside on the platform that is open it will offer Pariplay the chance to extend its online item offering’s reach into new international areas.
Tom Chamberlain, Head of Quickfire at Microgaming, noticed that it’s part of their technique to add content from various development partners and offer gambling operators because of the gaming titles that are best through an easy single integration.
The state included they are really thrilled to extend a currently strong relationship and that Pariplay’s games are exceptional addition towards the Quickfire platform.
The game that is gibraltar-based, which recently relocated its head office from the Isle of guy, hasn’t been the only one to introduce content on Quickfire as Microgaming’s development partner over the past many months. Start-up designer Gamevy and Malta-headquartered supplier Playson have also recently announced similar partnership agreements with euro palace casino ipad Microgaming.