Deals
Z Capital Eyes Future of Sports Wagers With Horse-Racing Deal
- Jim Zenni sees company as ‘first mover’ in online gaming
- Momentum building in U.S. for legalization of sports bets
Thoroughbred racehorses round a turn after crossing the finish line during race on the eve of the Kentucky Derby at Churchill Downs in Louisville, Kentucky, U.S., on Friday, May 5, 2017. The 143rd running of the Kentucky Derby will feature a field of twenty horses with the winner receiving a gold trophy plus an estimated $1.24 million payday.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
Z Capital Partners agreed to buy horse-racing media company Daily Racing Form in a bet on the future of online sports wagers.
The private equity arm of Z Capital Group is acquiring the business from lenders after a restructuring process, according to Jim Zenni, the alternative-asset manager’s founder.