Posted on: March 8, 2023, 02:50h.
Final up to date on: March 8, 2023, 03:04h.
Affinity Interactive introduced Wednesday that it’s promoting Rail Metropolis On line casino in Sparks, Nev. to associates of Truckee Gaming, LLC.
Monetary phrases of the deal weren’t disclosed. Rail Metropolis On line casino has a 24,000-square-foot on line casino that includes practically 415 slot machines and a number of other eateries. The venue additionally has video poker units, a keno lounge, and a sportsbook. Privately held Truckee Gaming relies in Reno.
(The corporate) owns and operates Gold Ranch On line casino & RV Resort in Verdi, Gold Ranch On line casino in Dayton, Membership Fortune On line casino in Henderson and three Pioneer Crossing Casinos positioned in Dayton, Fernley, and Yerington,” in keeping with a press release.
Affinity Interactive is a portfolio firm of Z Capital Companions, which is the non-public fairness arm of Z Capital Group.
Rail Metropolis On line casino Extends Busy Stretch in Sparks
Truckee Gaming’s buy of Rail Metropolis On line casino extends a busy interval of deal-making in Sparks, which is positioned close to Reno.
Final yr, Century Casinos (NASDAQ: CNTY) introduced the $195 million acquisition of Sparks Nugget, together with a 50% stake in the actual property entity that owns the venue. Final August, Legends Bay On line casino opened in Sparks, marking the debut of town’s first from-the-ground-up gaming venue in practically three many years.
Sparks is simply a number of miles from the Reno-Tahoe Worldwide Airport, and that area is attracting funding from a number of big-name know-how firms seeking to capitalize on Nevada’s decrease taxes. Consequently, the realm is rising and gaming trade analysts are bullish on the demographic developments there. That might be a prelude to extra consolidation exercise within the space.
Reno-Tahoe gaming properties commerce at costs far beneath what’s seen on the Las Vegas Strip, making the area economical for consumers seeking to enter Nevada or solidify footprints within the state. Caesars Leisure is the most important operator within the space.
Affinity Interactive Has Compelling Gaming Menu
Along with working regional casinos in Iowa, Missouri, and Nevada, Affinity Interactive has a presence within the horse racing, iGaming, and sports activities wagering industries. The corporate owns the Every day Racing Type, DRF Bets, and DRF Sports activities.
In Nevada, the corporate owns Buffalo Invoice’s, the Silver Sevens On line casino in Las Vegas, and Primm Valley Resort & On line casino in Nevada. It additionally owns the Lakeside Lodge On line casino in Iowa and the Mark Twain On line casino and St. Jo Frontier On line casino in Missouri.
Affinity Interactive has north of 1 million clients throughout its numerous platforms, in keeping with the assertion, and “plans to put money into different alternatives that align with its core enterprise and progress technique” following the sale of Rail Metropolis On line casino.