Las Vegas-based Affinity Gaming is seeking an acquisition

Las Vegas-based Affinity Gaming is seeking an acquisition

Article brief provided by Las Vegas Review-Journal
  • Bailey Schulz, Las Vegas Review-Journal
January 16, 2021 11:00 PM
  • Bailey Schulz, Las Vegas Review-Journal

Las Vegas-based Affinity Gaming is on the hunt for an acquisition.

Story continues below

The merger would take place through Gaming & Hospitality Acquisition Corp., a blank-check company with plans to raise between $150 million and $172.5 million through an initial public offering.

“Our … strategy will be to identify, acquire and build a company in the gaming and hospitality sectors that complements the experience of our management team,” according to a Friday filing with the U.S. Securities and Exchange Commission.

Gaming & Hospitality Acquisition, which registered for an IPO on Friday, plans to merge with its sponsor, Affinity Gaming Holdings LLC, and at least one other company.

Z Capital-owned Affinity Gaming is the parent company of Silver Sevens casino in Las Vegas and seven other properties across Nevada, Iowa and Missouri, according to its website.