Nov 3, 2023

Affinity Interactive Successfully Completes Sale of Rail City Casino

LAS VEGAS--(BUSINESS WIRE)--Affinity Interactive (“AI”), an omni-channel gaming industry leader, today announced that its affiliates have completed the previously announced sale of Rail City Casino (“Rail City”) in Sparks, Nevada, to Truckee Gaming, LLC (“Truckee Gaming”). Financial terms of the transaction were not disclosed.

“Rail City has been a beloved local establishment for decades, and AI has delivered on its mission to provide value, entertainment, and variety to its customers. We thank all the Rail City employees for their valued contributions and wish them the best of luck under Truckee Gaming’s stewardship,” said Andrei Scrivens, Chief Executive Officer of Affinity Interactive. “For AI, with a sharpened focus on our remaining gaming properties, we believe our business is well positioned for continued success. We remain committed to pursuing other compelling investment opportunities that align with our growth strategy and where we can provide customers with innovative gaming experiences.”

As announced earlier this year, AI enhanced its leadership team with key hires who are focused on growth at its seven remaining casinos and the Daily Racing Form.

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About

Affinity Interactive

Affinity Interactive is an omni-channel gaming industry leader with an expanded suite of casino and online gaming offerings. Combining leading regional casinos in Nevada, Missouri and Iowa with advanced technology, digital and media platforms, and an online betting presence, Affinity Interactive has nearly 1 million combined customers and is positioned to capitalize on the continued momentum in sports betting and iGaming globally. Affinity Interactive companies also include: the iconic Daily Racing Form, "America's Turf Authority since 1894" for horse racing and sports enthusiasts throughout North America; DRF Bets™, one of America's fastest-growing online and mobile wagering platforms; and DRF Sports, which provides fans with exclusive up-to-date sports betting stats, insights and analysis on all major U.S. sports and leagues. For more information, please visit affinityinteractive.com, DRF.com, bets.DRF.com and DRF.com/sports.

Affinity Interactive is a portfolio company of Z Capital Partners, L.L.C., the private equity fund management arm of Z Capital Group, L.L.C. ("ZCG"). ZCG is a leading, privately held merchant bank comprised of private markets asset management, business consulting services, technology development and solutions. ZCG has a global team comprised of over 400 professionals. (www.zcg.com)

About

ZCG

ZCG is a leading, privately held global firm comprised of private markets asset management, business consulting services, and technology development and solutions.

For nearly three decades, ZCG has invested tens of billions of dollars in private equity and credit-related strategies, through multiple economic cycles and across many industries, including consumer products, steel, steel processors, agriculture, consumer food, gaming, hospitality, manufacturing, specialty services, and automotive. ZCG's investors include prominent global sovereign wealth funds, endowments, pension funds, insurance companies, foundations, family offices, wealth management firms, and other financial institutions in North America, Europe, Asia, Africa, and the Middle East.

ZCG has a global team comprised of approximately 400 professionals. The company is headquartered in New York, with affiliate offices located in Pune and Mumbai, India, and Riyadh, KSA. For more information, please visit www.zcg.com.

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