Deals
Z Capital’s Affinity Gaming Seeks to Raise $150 Million for SPAC
- The new blank-check firm has confidentially filed for an IPO
- Potential targets may include other regional gaming companies
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Affinity Gaming, a casino operator owned by Z Capital, plans to raise $150 million for a special purpose acquisition company, according to people with knowledge of the matter.
The SPAC, Las Vegas-based Gaming & Hospitality Acquisition Corp., intends to combine with Affinity as well as an entity that it hasn’t yet identified, a presentation to potential investors shows. That differs from most SPACs, which typically raise money to buy an undetermined target.